McGuire Investment Group LLC Purchases 42 Shares of Lockheed Martin Co. (NYSE:LMT)

McGuire Investment Group LLC increased its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 0.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,115 shares of the aerospace company’s stock after acquiring an additional 42 shares during the quarter. McGuire Investment Group LLC’s holdings in Lockheed Martin were worth $4,429,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LMT. Public Sector Pension Investment Board boosted its position in shares of Lockheed Martin by 110.2% during the second quarter. Public Sector Pension Investment Board now owns 7,847 shares of the aerospace company’s stock worth $3,665,000 after acquiring an additional 4,114 shares during the last quarter. Deerfield Management Company L.P. Series C bought a new position in shares of Lockheed Martin during the second quarter worth $300,000. Dark Forest Capital Management LP boosted its position in shares of Lockheed Martin by 56.1% during the second quarter. Dark Forest Capital Management LP now owns 1,044 shares of the aerospace company’s stock worth $488,000 after acquiring an additional 375 shares during the last quarter. MBB Public Markets I LLC raised its stake in Lockheed Martin by 2,674.4% during the second quarter. MBB Public Markets I LLC now owns 15,398 shares of the aerospace company’s stock valued at $7,192,000 after purchasing an additional 14,843 shares in the last quarter. Finally, Mackenzie Financial Corp raised its stake in Lockheed Martin by 1.3% during the second quarter. Mackenzie Financial Corp now owns 125,730 shares of the aerospace company’s stock valued at $58,728,000 after purchasing an additional 1,654 shares in the last quarter. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Price Performance

Lockheed Martin stock opened at $496.96 on Friday. Lockheed Martin Co. has a 52-week low of $413.92 and a 52-week high of $618.95. The firm has a market capitalization of $117.80 billion, a price-to-earnings ratio of 17.99, a PEG ratio of 4.05 and a beta of 0.48. The company has a fifty day simple moving average of $500.00 and a 200-day simple moving average of $535.98. 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 (NYSE:LMT) last announced its quarterly earnings data on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.50 by $0.34. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The firm had revenue of $17.10 billion during the quarter, compared to analyst estimates of $17.38 billion. During the same quarter in the prior year, the firm posted $6.77 earnings per share. Lockheed Martin’s quarterly revenue was up 1.3% on a year-over-year basis. On average, equities analysts anticipate that Lockheed Martin Co. will post 26.89 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Barclays decreased their price target on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a research note on Monday, January 6th. Citigroup decreased their price target on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a research note on Tuesday. Truist Financial assumed coverage on shares of Lockheed Martin in a research note on Tuesday, January 14th. They set a “buy” rating and a $579.00 price target on the stock. Susquehanna decreased their price target on shares of Lockheed Martin from $695.00 to $590.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating and decreased their price target for the company from $611.00 to $523.00 in a research note on Thursday, January 2nd. One research 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 company has a consensus rating of “Moderate Buy” and a consensus price target of $577.73.

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.