Cascade Investment Group Inc. Purchases 59 Shares of Lockheed Martin Co. (NYSE:LMT)

Cascade Investment Group Inc. raised its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 12.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 552 shares of the aerospace company’s stock after acquiring an additional 59 shares during the period. Cascade Investment Group Inc.’s holdings in Lockheed Martin were worth $268,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Itau Unibanco Holding S.A. purchased a new position in Lockheed Martin in the 3rd quarter worth $26,000. Mattson Financial Services LLC purchased a new position in shares of Lockheed Martin in the second quarter worth about $27,000. Burkett Financial Services LLC bought a new stake in shares of Lockheed Martin in the 3rd quarter valued at about $32,000. Capital Performance Advisors LLP bought a new stake in shares of Lockheed Martin in the 3rd quarter valued at about $40,000. Finally, Legacy Investment Solutions LLC bought a new position in Lockheed Martin during the 3rd quarter worth approximately $42,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on LMT. UBS Group boosted their price objective on Lockheed Martin from $589.00 to $603.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Royal Bank of Canada lowered their price target on shares of Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Susquehanna cut their price target on shares of Lockheed Martin from $695.00 to $590.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. Truist Financial began coverage on shares of Lockheed Martin in a research note on Tuesday, January 14th. They set a “buy” rating and a $579.00 price objective for the company. Finally, Citigroup increased their target price on shares of Lockheed Martin from $570.00 to $700.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Lockheed Martin currently has a consensus rating of “Moderate Buy” and an average target price of $584.40.

Lockheed Martin Stock Up 0.8 %

Shares of NYSE:LMT opened at $490.60 on Monday. 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. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.12 and a current ratio of 1.30. The stock has a 50 day moving average price of $504.80 and a 200-day moving average price of $535.54. Lockheed Martin Co. has a 52-week low of $413.92 and a 52-week high of $618.95.

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

About Lockheed Martin

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.