Charles Schwab Trust Co Purchases New Shares in Lockheed Martin Co. (NYSE:LMT)

Charles Schwab Trust Co purchased a new position in shares of Lockheed Martin Co. (NYSE:LMT) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 522 shares of the aerospace company’s stock, valued at approximately $254,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Pacer Advisors Inc. grew its stake in Lockheed Martin by 7.3% in the 2nd quarter. Pacer Advisors Inc. now owns 25,279 shares of the aerospace company’s stock valued at $11,808,000 after purchasing an additional 1,724 shares during the period. Sei Investments Co. raised its stake in Lockheed Martin by 60.2% in the 2nd quarter. Sei Investments Co. now owns 71,344 shares of the aerospace company’s stock valued at $33,327,000 after acquiring an additional 26,797 shares during the period. ProShare Advisors LLC lifted its holdings in Lockheed Martin by 6.0% during the second quarter. ProShare Advisors LLC now owns 33,727 shares of the aerospace company’s stock valued at $15,754,000 after purchasing an additional 1,921 shares during the last quarter. Frank Rimerman Advisors LLC boosted its position in Lockheed Martin by 52,325.0% during the second quarter. Frank Rimerman Advisors LLC now owns 2,097 shares of the aerospace company’s stock worth $980,000 after purchasing an additional 2,093 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position in shares of Lockheed Martin by 168.4% in the second quarter. EverSource Wealth Advisors LLC now owns 3,020 shares of the aerospace company’s stock valued at $1,411,000 after purchasing an additional 1,895 shares during the period. 74.19% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

LMT has been the subject of several analyst reports. Truist Financial initiated coverage on shares of Lockheed Martin in a report on Tuesday, January 14th. They issued a “buy” rating and a $579.00 price objective for the company. JPMorgan Chase & Co. cut their target price on Lockheed Martin from $546.00 to $540.00 and set an “overweight” rating for the company in a research note on Thursday, January 16th. Robert W. Baird raised their price objective on shares of Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday, October 22nd. Susquehanna lowered their target price on shares of Lockheed Martin from $695.00 to $590.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Lockheed Martin from a “buy” rating to a “hold” rating and decreased their price target for the stock from $611.00 to $523.00 in a report on Thursday, January 2nd. 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 issued a strong buy rating to the stock. According to MarketBeat, Lockheed Martin has an average rating of “Moderate Buy” and a consensus price target of $584.40.

Lockheed Martin Price Performance

LMT stock opened at $490.60 on Tuesday. 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 firm has a market cap of $116.29 billion, a P/E ratio of 17.76, a P/E/G ratio of 3.96 and a beta of 0.48. The firm’s fifty day moving average is $504.80 and its 200 day moving average is $536.03. Lockheed Martin Co. has a 52 week low of $413.92 and a 52 week high of $618.95.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data 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 firm had revenue of $17.10 billion for the quarter, compared to the consensus estimate of $17.38 billion. During the same quarter in the previous year, the business earned $6.77 earnings per share. The company’s quarterly revenue was up 1.3% on a year-over-year basis. Research analysts predict that Lockheed Martin Co. will post 26.8 earnings per share for the current year.

Lockheed Martin 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.