Orion Portfolio Solutions LLC Purchases 588 Shares of Lockheed Martin Co. (NYSE:LMT)

Orion Portfolio Solutions LLC lifted its position in shares of Lockheed Martin Co. (NYSE:LMT) by 46.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,854 shares of the aerospace company’s stock after purchasing an additional 588 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Lockheed Martin were worth $640,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Marathon Capital Management boosted its position in shares of Lockheed Martin by 2.7% during the second quarter. Marathon Capital Management now owns 1,161 shares of the aerospace company’s stock worth $439,000 after purchasing an additional 30 shares in the last quarter. Cadence Bank NA boosted its position in shares of Lockheed Martin by 1.5% during the third quarter. Cadence Bank NA now owns 2,086 shares of the aerospace company’s stock worth $720,000 after purchasing an additional 31 shares in the last quarter. AMG National Trust Bank boosted its position in shares of Lockheed Martin by 3.2% during the third quarter. AMG National Trust Bank now owns 995 shares of the aerospace company’s stock worth $343,000 after purchasing an additional 31 shares in the last quarter. Keystone Financial Planning Inc. boosted its position in shares of Lockheed Martin by 1.4% during the third quarter. Keystone Financial Planning Inc. now owns 2,346 shares of the aerospace company’s stock worth $810,000 after purchasing an additional 32 shares in the last quarter. Finally, Waldron Private Wealth LLC lifted its position in Lockheed Martin by 3.1% in the 3rd quarter. Waldron Private Wealth LLC now owns 1,096 shares of the aerospace company’s stock valued at $378,000 after acquiring an additional 33 shares in the last quarter. 73.79% of the stock is currently owned by institutional investors.

Several equities research analysts recently commented on the stock. Cowen cut shares of Lockheed Martin from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $400.00 to $375.00 in a research report on Wednesday, September 29th. UBS Group cut their price objective on shares of Lockheed Martin from $425.00 to $375.00 and set a “buy” rating on the stock in a research report on Wednesday, October 27th. Wells Fargo & Company boosted their price objective on shares of Lockheed Martin from $340.00 to $379.00 and gave the company an “equal weight” rating in a research report on Monday, January 10th. Morgan Stanley cut their price objective on shares of Lockheed Martin from $458.00 to $430.00 and set an “overweight” rating on the stock in a research report on Thursday, November 4th. Finally, Robert W. Baird cut their price objective on shares of Lockheed Martin from $394.00 to $376.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 27th. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $385.28.

Shares of NYSE:LMT opened at $372.62 on Friday. The company’s 50-day moving average price is $346.43 and its two-hundred day moving average price is $354.83. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.42 and a quick ratio of 1.23. Lockheed Martin Co. has a one year low of $319.81 and a one year high of $396.99. The stock has a market capitalization of $102.76 billion, a PE ratio of 17.20, a price-to-earnings-growth ratio of 3.89 and a beta of 0.94.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Monday, October 25th. The aerospace company reported $2.21 EPS for the quarter, topping the consensus estimate of $1.97 by $0.24. Lockheed Martin had a net margin of 9.13% and a return on equity of 104.60%. The firm had revenue of $16.03 billion for the quarter, compared to analysts’ expectations of $17.12 billion. During the same period in the previous year, the firm posted $6.25 EPS. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. On average, analysts anticipate that Lockheed Martin Co. will post 27.51 earnings per share for the current fiscal year.

Lockheed Martin announced that its Board of Directors has approved a stock repurchase program on Thursday, September 23rd that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the aerospace company to repurchase up to 5.3% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Lockheed Martin Company Profile

Lockheed Martin Corp. operates as a global security and aerospace company, which engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services. It operates through the following business segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS) and Space.

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Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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