Symphony Financial Ltd. Co. Has $1.48 Million Holdings in Lockheed Martin Corporation $LMT

Symphony Financial Ltd. Co. decreased its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 39.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 2,971 shares of the aerospace company’s stock after selling 1,962 shares during the period. Symphony Financial Ltd. Co.’s holdings in Lockheed Martin were worth $1,477,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Old North State Wealth Management LLC increased its stake in Lockheed Martin by 2.0% in the third quarter. Old North State Wealth Management LLC now owns 1,073 shares of the aerospace company’s stock valued at $539,000 after purchasing an additional 21 shares in the last quarter. Investment Advisory Services Inc. TX ADV increased its position in Lockheed Martin by 4.7% in the 2nd quarter. Investment Advisory Services Inc. TX ADV now owns 486 shares of the aerospace company’s stock valued at $225,000 after buying an additional 22 shares in the last quarter. Broadway Wealth Solutions Inc. increased its position in Lockheed Martin by 4.5% in the 2nd quarter. Broadway Wealth Solutions Inc. now owns 511 shares of the aerospace company’s stock valued at $237,000 after buying an additional 22 shares in the last quarter. Plancorp LLC raised its stake in Lockheed Martin by 2.6% during the 2nd quarter. Plancorp LLC now owns 912 shares of the aerospace company’s stock worth $422,000 after buying an additional 23 shares during the period. Finally, Fairvoy Private Wealth LLC boosted its holdings in Lockheed Martin by 3.1% in the second quarter. Fairvoy Private Wealth LLC now owns 775 shares of the aerospace company’s stock worth $359,000 after acquiring an additional 23 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on LMT. Wall Street Zen downgraded Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 13th. Susquehanna restated a “positive” rating and set a $660.00 price target on shares of Lockheed Martin in a research note on Thursday, January 15th. JPMorgan Chase & Co. restated a “neutral” rating and set a $515.00 price objective (up previously from $465.00) on shares of Lockheed Martin in a report on Friday, December 19th. Citigroup boosted their target price on shares of Lockheed Martin from $505.00 to $592.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 13th. Finally, Robert W. Baird upped their target price on shares of Lockheed Martin from $550.00 to $640.00 and gave the stock an “outperform” rating in a report on Friday, January 16th. Five investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $543.82.

Lockheed Martin Stock Performance

Shares of LMT opened at $590.30 on Friday. The stock has a 50 day moving average of $495.94 and a 200 day moving average of $475.95. The company has a market capitalization of $136.59 billion, a price-to-earnings ratio of 32.96, a PEG ratio of 1.69 and a beta of 0.24. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $596.22. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 3.32.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share for the quarter, topping the consensus estimate of $6.33 by $0.62. Lockheed Martin had a return on equity of 111.84% and a net margin of 5.73%.The business had revenue of $18.61 billion for the quarter, compared to analysts’ expectations of $18.45 billion. During the same quarter in the previous year, the firm earned $6.84 earnings per share. The business’s revenue was up 8.8% on a year-over-year basis. As a group, sell-side analysts forecast that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

About Lockheed Martin

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.