Willis Investment Counsel Has $49.81 Million Position in Lockheed Martin Corporation $LMT

Willis Investment Counsel increased its holdings in Lockheed Martin Corporation (NYSE:LMT) by 4.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,778 shares of the aerospace company’s stock after purchasing an additional 4,675 shares during the quarter. Lockheed Martin accounts for 2.7% of Willis Investment Counsel’s holdings, making the stock its 4th biggest position. Willis Investment Counsel’s holdings in Lockheed Martin were worth $49,810,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Lockheed Martin by 1.0% during the second quarter. Vanguard Group Inc. now owns 21,697,527 shares of the aerospace company’s stock worth $10,048,993,000 after purchasing an additional 214,565 shares during the period. Geode Capital Management LLC raised its holdings in shares of Lockheed Martin by 0.4% during the second quarter. Geode Capital Management LLC now owns 4,884,954 shares of the aerospace company’s stock valued at $2,256,147,000 after acquiring an additional 19,459 shares during the period. Legal & General Group Plc grew its holdings in shares of Lockheed Martin by 0.6% during the second quarter. Legal & General Group Plc now owns 959,510 shares of the aerospace company’s stock valued at $444,387,000 after buying an additional 6,073 shares in the last quarter. AQR Capital Management LLC raised its position in Lockheed Martin by 6.9% during the second quarter. AQR Capital Management LLC now owns 863,839 shares of the aerospace company’s stock valued at $400,079,000 after buying an additional 55,607 shares during the period. Finally, Ameriprise Financial Inc. lifted its stake in Lockheed Martin by 16.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 761,382 shares of the aerospace company’s stock worth $347,381,000 after acquiring an additional 108,553 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Citigroup upped their target price on Lockheed Martin from $592.00 to $673.00 and gave the company a “neutral” rating in a report on Thursday. Morgan Stanley set a $675.00 price objective on shares of Lockheed Martin in a research note on Wednesday. Wall Street Zen upgraded shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 31st. Truist Financial boosted their price target on shares of Lockheed Martin from $605.00 to $695.00 and gave the company a “buy” rating in a report on Friday, January 30th. Finally, TD Cowen upped their price target on shares of Lockheed Martin from $600.00 to $670.00 and gave the stock a “hold” rating in a research note on Friday, January 30th. Five equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $608.72.

Lockheed Martin Trading Up 1.2%

Shares of NYSE:LMT opened at $616.59 on Friday. Lockheed Martin Corporation has a 1 year low of $410.11 and a 1 year high of $646.59. The firm has a fifty day moving average price of $522.92 and a 200 day moving average price of $484.97. The company has a current ratio of 1.09, a quick ratio of 0.94 and a debt-to-equity ratio of 3.05. The stock has a market capitalization of $141.86 billion, a PE ratio of 28.66, a P/E/G ratio of 1.37 and a beta of 0.23.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Thursday, January 29th. The aerospace company reported $5.80 EPS for the quarter, missing analysts’ consensus estimates of $6.33 by ($0.53). Lockheed Martin had a net margin of 6.69% and a return on equity of 108.53%. The company had revenue of $20.32 billion for the quarter, compared to analyst estimates of $19.84 billion. During the same period in the prior year, the company posted $7.67 EPS. The business’s revenue was up 9.1% on a year-over-year basis. Analysts expect that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal 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.