Financial Enhancement Group LLC Has $213,000 Position in Lockheed Martin Co. (NYSE:LMT)

Financial Enhancement Group LLC lessened its position in Lockheed Martin Co. (NYSE:LMT) by 95.8% during the 4th quarter, Holdings Channel reports. The firm owned 440 shares of the aerospace company’s stock after selling 10,004 shares during the quarter. Financial Enhancement Group LLC’s holdings in Lockheed Martin were worth $213,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in LMT. Itau Unibanco Holding S.A. acquired a new stake in shares of Lockheed Martin in the third quarter valued at $26,000. Mattson Financial Services LLC bought a new position in Lockheed Martin in the second quarter valued at approximately $27,000. Burkett Financial Services LLC acquired a new stake in shares of Lockheed Martin during the third quarter worth $32,000. Capital Performance Advisors LLP acquired a new position in shares of Lockheed Martin during the 3rd quarter worth about $40,000. Finally, Legacy Investment Solutions LLC acquired a new position in Lockheed Martin during the third quarter valued at approximately $42,000. Institutional investors own 74.19% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Truist Financial assumed coverage on Lockheed Martin in a report on Tuesday. They issued a “buy” rating and a $579.00 price target for the company. UBS Group raised their target price on shares of Lockheed Martin from $589.00 to $603.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Wells Fargo & Company reduced their price objective on shares of Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 8th. StockNews.com lowered Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Friday, January 3rd. Finally, Robert W. Baird raised their price target on Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $590.40.

Lockheed Martin Stock Down 0.2 %

LMT opened at $483.71 on Thursday. The stock’s fifty day simple moving average is $508.95 and its 200 day simple moving average is $535.59. Lockheed Martin Co. has a 1-year low of $413.92 and a 1-year high of $618.95. The stock has a market cap of $114.66 billion, a PE ratio of 17.51, a price-to-earnings-growth ratio of 3.76 and a beta of 0.48. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 2.66.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data 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. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The company had revenue of $17.10 billion for the quarter, compared to analyst estimates of $17.38 billion. During the same period in the prior year, the firm earned $6.77 earnings per share. The company’s revenue was up 1.3% on a year-over-year basis. As a group, research analysts expect that Lockheed Martin Co. will post 26.89 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.