Lockheed Martin Co. (NYSE:LMT) Shares Acquired by Diversified Trust Co

Diversified Trust Co increased its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 6.0% during the fourth quarter, HoldingsChannel reports. The fund owned 9,009 shares of the aerospace company’s stock after buying an additional 506 shares during the period. Diversified Trust Co’s holdings in Lockheed Martin were worth $4,378,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of LMT. Lantz Financial LLC boosted its holdings in Lockheed Martin by 2.6% during the second quarter. Lantz Financial LLC now owns 4,882 shares of the aerospace company’s stock worth $2,281,000 after buying an additional 123 shares in the last quarter. Savant Capital LLC grew its holdings in shares of Lockheed Martin by 12.4% in the 2nd quarter. Savant Capital LLC now owns 7,715 shares of the aerospace company’s stock worth $3,604,000 after acquiring an additional 852 shares during the period. Strategic Financial Concepts LLC increased its stake in Lockheed Martin by 27,457.9% in the 2nd quarter. Strategic Financial Concepts LLC now owns 132,278 shares of the aerospace company’s stock valued at $618,000 after purchasing an additional 131,798 shares in the last quarter. Chris Bulman Inc acquired a new position in Lockheed Martin during the second quarter worth $62,000. Finally, Acadian Asset Management LLC boosted its position in Lockheed Martin by 31.0% during the second quarter. Acadian Asset Management LLC now owns 33,130 shares of the aerospace company’s stock worth $15,467,000 after purchasing an additional 7,847 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Susquehanna dropped their price target on Lockheed Martin from $705.00 to $695.00 and set a “positive” rating for the company in a research report on Wednesday, October 23rd. UBS Group lifted their target price on shares of Lockheed Martin from $589.00 to $603.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. TD Cowen increased their price target on shares of Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Royal Bank of Canada cut their price objective on Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. Finally, StockNews.com cut Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Friday. One research analyst has rated the stock with a sell rating, five have given a hold rating, eight have given 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 $601.79.

Lockheed Martin Trading Up 0.2 %

Shares of LMT traded up $1.15 during mid-day trading on Tuesday, hitting $467.15. The company had a trading volume of 409,784 shares, compared to its average volume of 962,454. 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 stock has a market cap of $110.73 billion, a PE ratio of 16.91, a P/E/G ratio of 4.05 and a beta of 0.48. Lockheed Martin Co. has a 1-year low of $413.92 and a 1-year high of $618.95. The business’s 50-day simple moving average is $517.70 and its 200-day simple moving average is $535.38.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share for the quarter, beating analysts’ consensus estimates of $6.50 by $0.34. The firm had revenue of $17.10 billion for the quarter, compared to analysts’ expectations of $17.38 billion. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter last year, the firm earned $6.77 earnings per share. Sell-side analysts forecast that Lockheed Martin Co. will post 26.88 earnings per share for the current 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.