Bard Financial Services Inc. Grows Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

Bard Financial Services Inc. increased its holdings in Lockheed Martin Co. (NYSE:LMT) by 0.2% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,369 shares of the aerospace company’s stock after buying an additional 65 shares during the period. Lockheed Martin accounts for approximately 1.6% of Bard Financial Services Inc.’s portfolio, making the stock its 10th largest holding. Bard Financial Services Inc.’s holdings in Lockheed Martin were worth $13,300,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Itau Unibanco Holding S.A. purchased a new stake in Lockheed Martin during the 3rd quarter valued at about $26,000. Mattson Financial Services LLC bought a new position in Lockheed Martin in the 2nd quarter valued at approximately $27,000. Sachetta LLC lifted its stake in Lockheed Martin by 50.0% during the 2nd quarter. Sachetta LLC now owns 60 shares of the aerospace company’s stock valued at $28,000 after acquiring an additional 20 shares during the period. Burkett Financial Services LLC bought a new position in shares of Lockheed Martin during the 3rd quarter valued at $32,000. Finally, Capital Performance Advisors LLP purchased a new position in shares of Lockheed Martin in the 3rd quarter worth $40,000. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Trading Down 2.2 %

LMT traded down $10.69 on Monday, reaching $471.13. 794,708 shares of the company traded hands, compared to its average volume of 839,024. The company has a market cap of $111.67 billion, a P/E ratio of 17.06, a price-to-earnings-growth ratio of 4.05 and a beta of 0.48. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 2.66. Lockheed Martin Co. has a one year low of $413.92 and a one year high of $618.95. The firm has a fifty day simple moving average of $519.47 and a two-hundred day simple moving average of $535.38.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.50 by $0.34. The company 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%. The firm’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $6.77 earnings per share. As a group, equities research analysts expect that Lockheed Martin Co. will post 26.88 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently commented on LMT shares. Robert W. Baird increased their target price on Lockheed Martin from $519.00 to $626.00 in a report on Tuesday, October 22nd. Susquehanna dropped their price objective on shares of Lockheed Martin from $705.00 to $695.00 and set a “positive” rating on the stock in a report on Wednesday, October 23rd. StockNews.com cut shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Friday. Deutsche Bank Aktiengesellschaft cut shares of Lockheed Martin from a “buy” rating to a “hold” rating and dropped their price target for the stock from $611.00 to $523.00 in a research note on Thursday. Finally, JPMorgan Chase & Co. upped their price objective on Lockheed Martin from $560.00 to $630.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Lockheed Martin currently has a consensus rating of “Moderate Buy” and an average target price of $601.79.

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.