LexAurum Advisors LLC Increases Holdings in Lockheed Martin Corporation $LMT

LexAurum Advisors LLC boosted its position in Lockheed Martin Corporation (NYSE:LMT) by 454.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,171 shares of the aerospace company’s stock after purchasing an additional 2,599 shares during the period. LexAurum Advisors LLC’s holdings in Lockheed Martin were worth $1,583,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Barnes Dennig Private Wealth Management LLC lifted its holdings in shares of Lockheed Martin by 285.7% in the third quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the aerospace company’s stock valued at $27,000 after purchasing an additional 40 shares in the last quarter. Grey Fox Wealth Advisors LLC acquired a new position in shares of Lockheed Martin during the 3rd quarter worth approximately $27,000. Mid American Wealth Advisory Group Inc. acquired a new position in shares of Lockheed Martin during the 2nd quarter worth approximately $28,000. Twin Peaks Wealth Advisors LLC purchased a new stake in Lockheed Martin in the 2nd quarter valued at approximately $29,000. Finally, Frazier Financial Advisors LLC acquired a new stake in Lockheed Martin during the 2nd quarter valued at $34,000. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Lockheed Martin Trading Up 2.3%

Shares of LMT stock opened at $623.25 on Monday. The firm’s 50-day simple moving average is $526.24 and its 200-day simple moving average is $487.10. The company has a debt-to-equity ratio of 3.05, a current ratio of 1.09 and a quick ratio of 0.94. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year high of $646.59. The firm has a market cap of $143.40 billion, a P/E ratio of 29.00, a PEG ratio of 1.12 and a beta of 0.23.

Lockheed Martin (NYSE:LMT) last released its earnings results on Thursday, January 29th. The aerospace company reported $5.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.33 by ($0.53). The company had revenue of $20.32 billion during the quarter, compared to analysts’ expectations of $19.84 billion. Lockheed Martin had a net margin of 6.69% and a return on equity of 108.53%. Lockheed Martin’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $7.67 earnings per share. As a group, equities analysts forecast that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on LMT. BNP Paribas Exane boosted their price target on Lockheed Martin from $550.00 to $570.00 and gave the stock an “outperform” rating in a report on Thursday, January 8th. Sanford C. Bernstein reissued a “market perform” rating and issued a $654.00 target price on shares of Lockheed Martin in a research note on Friday. Wall Street Zen lowered shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Sunday. Weiss Ratings upgraded shares of Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday. Finally, Susquehanna reissued a “positive” rating and set a $660.00 price objective on shares of Lockheed Martin in a research note on Thursday, January 15th. Six research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $612.50.

About Lockheed Martin

Lockheed Martin Corporation (NYSE: LMT) is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.

Lockheed Martin’s product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.