Delta Financial Advisors LLC Purchases 1,685 Shares of Lockheed Martin Corporation $LMT

Delta Financial Advisors LLC grew its holdings in Lockheed Martin Corporation (NYSE:LMT) by 89.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 3,564 shares of the aerospace company’s stock after purchasing an additional 1,685 shares during the period. Delta Financial Advisors LLC’s holdings in Lockheed Martin were worth $1,779,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Barnes Dennig Private Wealth Management LLC boosted its position in Lockheed Martin by 285.7% during the third quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the aerospace company’s stock valued at $27,000 after acquiring an additional 40 shares during the last quarter. Grey Fox Wealth Advisors LLC acquired a new position in shares of Lockheed Martin during the 3rd quarter valued at $27,000. Mid American Wealth Advisory Group Inc. acquired a new stake in shares of Lockheed Martin in the 2nd quarter valued at about $28,000. Twin Peaks Wealth Advisors LLC acquired a new stake in Lockheed Martin in the second quarter valued at approximately $29,000. Finally, Frazier Financial Advisors LLC acquired a new stake in Lockheed Martin in the 2nd quarter valued at $34,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Lockheed Martin from $517.00 to $492.00 and set a “hold” rating on the stock in a report on Wednesday, December 10th. Jefferies Financial Group lifted their price objective on Lockheed Martin from $500.00 to $540.00 and gave the stock a “hold” rating in a report on Monday, January 12th. Morgan Stanley reaffirmed an “equal weight” rating and set a $543.00 price objective (down previously from $630.00) on shares of Lockheed Martin in a research note on Tuesday, December 16th. Susquehanna reiterated a “positive” rating and set a $660.00 price target on shares of Lockheed Martin in a research report on Thursday, January 15th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $586.00 target price on shares of Lockheed Martin in a research note on Monday, January 12th. Five research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Lockheed Martin has an average rating of “Hold” and an average target price of $543.82.

Lockheed Martin Price Performance

Shares of NYSE:LMT opened at $590.30 on Friday. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year high of $596.22. The company has a debt-to-equity ratio of 3.32, a current ratio of 1.13 and a quick ratio of 0.97. The company has a market capitalization of $136.59 billion, a P/E ratio of 32.96, a P/E/G ratio of 1.69 and a beta of 0.24. The firm’s 50 day simple moving average is $495.94 and its two-hundred day simple moving average is $475.95.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, October 21st. The aerospace company reported $6.95 EPS for the quarter, beating analysts’ consensus estimates of $6.33 by $0.62. Lockheed Martin had a return on equity of 111.84% and a net margin of 5.73%.The firm had revenue of $18.61 billion during the quarter, compared to the consensus estimate of $18.45 billion. During the same period in the prior year, the company earned $6.84 EPS. The company’s quarterly revenue was up 8.8% compared to the same quarter last year. Research analysts expect that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Company Profile

Lockheed Martin Corporation (NYSE: LMT) is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.

Lockheed Martin’s product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.