Daymark Wealth Partners LLC Has $10.72 Million Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

Daymark Wealth Partners LLC lifted its position in Lockheed Martin Co. (NYSE:LMT) by 4.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 22,057 shares of the aerospace company’s stock after purchasing an additional 889 shares during the period. Daymark Wealth Partners LLC’s holdings in Lockheed Martin were worth $10,718,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. West Branch Capital LLC raised its holdings in Lockheed Martin by 4.1% in the 4th quarter. West Branch Capital LLC now owns 2,019 shares of the aerospace company’s stock worth $981,000 after acquiring an additional 79 shares during the period. MBM Wealth Consultants LLC raised its position in shares of Lockheed Martin by 2.6% during the fourth quarter. MBM Wealth Consultants LLC now owns 2,929 shares of the aerospace company’s stock valued at $1,412,000 after buying an additional 73 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Lockheed Martin by 45.6% in the 4th quarter. Nisa Investment Advisors LLC now owns 130,787 shares of the aerospace company’s stock worth $63,555,000 after acquiring an additional 40,970 shares during the period. Simon Quick Advisors LLC boosted its stake in Lockheed Martin by 14.1% during the fourth quarter. Simon Quick Advisors LLC now owns 1,079 shares of the aerospace company’s stock worth $524,000 after buying an additional 133 shares in the last quarter. Finally, Perfromance Wealth Partners LLC boosted its position in shares of Lockheed Martin by 6.8% during the 4th quarter. Perfromance Wealth Partners LLC now owns 987 shares of the aerospace company’s stock valued at $480,000 after acquiring an additional 63 shares in the last quarter. 74.19% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on LMT shares. JPMorgan Chase & Co. dropped their price objective 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. Deutsche Bank Aktiengesellschaft lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $611.00 to $523.00 in a report on Thursday, January 2nd. StockNews.com cut shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 3rd. Citigroup cut their price objective on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, TD Cowen raised their price target on Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $577.73.

Lockheed Martin Trading Up 3.3 %

NYSE LMT opened at $506.57 on Wednesday. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.30 and a quick ratio of 1.12. The business has a 50 day simple moving average of $502.01 and a 200 day simple moving average of $536.51. The stock has a market capitalization of $120.08 billion, a P/E ratio of 18.34, a P/E/G ratio of 3.96 and a beta of 0.48. Lockheed Martin Co. has a one year low of $413.92 and a one year high of $618.95.

Lockheed Martin (NYSE:LMT) last announced its quarterly 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. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The business had revenue of $17.10 billion for the quarter, compared to analysts’ expectations of $17.38 billion. During the same quarter last year, the firm earned $6.77 EPS. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. Research analysts expect 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.