ORG Partners LLC Has $1.48 Million Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

ORG Partners LLC lifted its holdings in shares of Lockheed Martin Co. (NYSE:LMTFree Report) by 1.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 3,030 shares of the aerospace company’s stock after acquiring an additional 34 shares during the period. ORG Partners LLC’s holdings in Lockheed Martin were worth $1,479,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. InvesTrust bought a new position in shares of Lockheed Martin in the fourth quarter worth about $935,000. Private Client Services LLC bought a new position in Lockheed Martin in the 4th quarter valued at approximately $214,000. Park National Corp OH lifted its stake in Lockheed Martin by 0.7% in the 4th quarter. Park National Corp OH now owns 72,846 shares of the aerospace company’s stock valued at $35,399,000 after purchasing an additional 482 shares during the last quarter. Innova Wealth Partners acquired a new stake in Lockheed Martin in the fourth quarter valued at approximately $269,000. Finally, Range Financial Group LLC increased its holdings in shares of Lockheed Martin by 158.2% during the fourth quarter. Range Financial Group LLC now owns 2,505 shares of the aerospace company’s stock worth $1,217,000 after buying an additional 1,535 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Trading Down 0.2 %

Lockheed Martin stock traded down $0.77 during trading hours on Friday, reaching $468.08. 310,205 shares of the company’s stock were exchanged, compared to its average volume of 997,346. The firm’s 50 day simple moving average is $512.94 and its 200 day simple moving average is $534.43. Lockheed Martin Co. has a twelve month low of $413.92 and a twelve month high of $618.95. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 2.66. The firm has a market capitalization of $110.95 billion, a PE ratio of 16.95, a PEG ratio of 4.05 and a beta of 0.48.

Lockheed Martin (NYSE:LMTGet Free Report) last released its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $17.38 billion. During the same quarter last year, the firm posted $6.77 earnings per share. The firm’s revenue was up 1.3% on a year-over-year basis. Research analysts predict that Lockheed Martin Co. will post 26.88 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on LMT. Citigroup boosted their price objective on Lockheed Martin from $570.00 to $700.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. JPMorgan Chase & Co. upped their price objective on Lockheed Martin from $560.00 to $630.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. Deutsche Bank Aktiengesellschaft lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating and dropped their price objective for the company from $611.00 to $523.00 in a report on Thursday, January 2nd. Susquehanna decreased their price target on shares of Lockheed Martin from $695.00 to $590.00 and set a “positive” rating for the company in a research report on Wednesday. Finally, TD Cowen lifted their price target on shares of Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $591.21.

Read Our Latest Analysis on Lockheed Martin

Lockheed Martin Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding LMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lockheed Martin Co. (NYSE:LMTFree Report).

Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

Receive News & Ratings for Lockheed Martin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lockheed Martin and related companies with MarketBeat.com's FREE daily email newsletter.