Lockheed Martin Co. (NYSE:LMT) Stake Boosted by Butensky & Cohen Financial Security Inc.

Butensky & Cohen Financial Security Inc. raised its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 1.7% in the 4th quarter, Holdings Channel reports. The firm owned 10,017 shares of the aerospace company’s stock after purchasing an additional 168 shares during the quarter. Lockheed Martin comprises about 1.5% of Butensky & Cohen Financial Security Inc.’s investment portfolio, making the stock its 23rd biggest holding. Butensky & Cohen Financial Security Inc.’s holdings in Lockheed Martin were worth $4,868,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Wedge Capital Management L L P NC raised its stake in Lockheed Martin by 34.3% during the fourth quarter. Wedge Capital Management L L P NC now owns 134,634 shares of the aerospace company’s stock worth $65,424,000 after acquiring an additional 34,351 shares during the period. Walker Asset Management LLC raised its position in shares of Lockheed Martin by 1.1% during the 4th quarter. Walker Asset Management LLC now owns 2,243 shares of the aerospace company’s stock worth $1,090,000 after purchasing an additional 25 shares during the period. First National Bank of Mount Dora Trust Investment Services lifted its holdings in shares of Lockheed Martin by 0.5% in the 4th quarter. First National Bank of Mount Dora Trust Investment Services now owns 6,975 shares of the aerospace company’s stock worth $3,389,000 after purchasing an additional 32 shares during the last quarter. Wealthcare Advisory Partners LLC boosted its position in Lockheed Martin by 1.3% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 10,519 shares of the aerospace company’s stock valued at $5,111,000 after purchasing an additional 139 shares during the period. Finally, Procyon Advisors LLC grew its stake in Lockheed Martin by 7.8% during the 4th quarter. Procyon Advisors LLC now owns 4,461 shares of the aerospace company’s stock worth $2,168,000 after buying an additional 324 shares during the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

LMT has been the subject of several recent research reports. Citigroup upped their price target on shares of Lockheed Martin from $570.00 to $700.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Barclays reduced their price objective on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a research report on Monday, January 6th. TD Cowen boosted their price target on Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. UBS Group raised their price target on Lockheed Martin from $589.00 to $603.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Finally, Robert W. Baird increased their target price on shares of Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $584.40.

Lockheed Martin Stock Up 0.8 %

LMT stock opened at $490.60 on Friday. The company’s 50 day simple moving average is $506.28 and its 200-day simple moving average is $534.89. Lockheed Martin Co. has a 52-week low of $413.92 and a 52-week high of $618.95. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.30 and a quick ratio of 1.12. The firm has a market capitalization of $116.29 billion, a P/E ratio of 17.76, a P/E/G ratio of 3.76 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share for the quarter, beating the consensus estimate of $6.50 by $0.34. The firm had revenue of $17.10 billion for the quarter, compared to analyst estimates of $17.38 billion. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. Lockheed Martin’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the firm earned $6.77 earnings per share. As a group, equities research analysts anticipate that Lockheed Martin Co. will post 26.89 EPS for the current year.

Lockheed Martin Company Profile

Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.