Veracity Capital LLC Raises Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

Veracity Capital LLC lifted its holdings in Lockheed Martin Co. (NYSE:LMT) by 2.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,348 shares of the aerospace company’s stock after purchasing an additional 74 shares during the quarter. Lockheed Martin accounts for approximately 0.6% of Veracity Capital LLC’s investment portfolio, making the stock its 25th largest position. Veracity Capital LLC’s holdings in Lockheed Martin were worth $1,627,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of LMT. Virtue Capital Management LLC increased its position in shares of Lockheed Martin by 112.8% during the 3rd quarter. Virtue Capital Management LLC now owns 2,249 shares of the aerospace company’s stock valued at $1,315,000 after purchasing an additional 1,192 shares during the last quarter. Bank of Montreal Can raised its stake in shares of Lockheed Martin by 2.1% in the third quarter. Bank of Montreal Can now owns 656,807 shares of the aerospace company’s stock valued at $382,498,000 after acquiring an additional 13,253 shares during the period. Hilltop Holdings Inc. lifted its holdings in shares of Lockheed Martin by 79.9% in the 3rd quarter. Hilltop Holdings Inc. now owns 12,068 shares of the aerospace company’s stock worth $7,054,000 after acquiring an additional 5,361 shares during the last quarter. Capital Investment Advisors LLC boosted its stake in shares of Lockheed Martin by 2.2% during the 4th quarter. Capital Investment Advisors LLC now owns 92,131 shares of the aerospace company’s stock worth $44,770,000 after purchasing an additional 2,011 shares during the period. Finally, Old West Investment Management LLC raised its position in Lockheed Martin by 6.6% in the 3rd quarter. Old West Investment Management LLC now owns 26,633 shares of the aerospace company’s stock worth $15,569,000 after purchasing an additional 1,643 shares during the period. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Down 0.5 %

NYSE:LMT opened at $496.93 on Friday. The company’s 50-day simple moving average is $500.84 and its 200-day simple moving average is $536.25. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.12 and a current ratio of 1.30. Lockheed Martin Co. has a fifty-two week low of $413.92 and a fifty-two week high of $618.95. The stock has a market capitalization of $117.79 billion, a P/E ratio of 17.99, a P/E/G ratio of 4.11 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last announced its 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 company had revenue of $17.10 billion during the quarter, compared to the consensus estimate of $17.38 billion. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. Lockheed Martin’s revenue was up 1.3% compared to the same quarter last year. During the same period last year, the firm earned $6.77 earnings per share. On average, equities analysts anticipate that Lockheed Martin Co. will post 26.81 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

LMT has been the topic of a number of analyst reports. TD Cowen upped their target price on Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. reduced their target price on Lockheed Martin from $546.00 to $540.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. Truist Financial initiated coverage on shares of Lockheed Martin in a research note on Tuesday, January 14th. They set a “buy” rating and a $579.00 target price for the company. Wells Fargo & Company reduced their price target on shares of Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 8th. Finally, Barclays lowered their price objective on shares of 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. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $577.73.

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.