Tamar Securities LLC Increases Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

Tamar Securities LLC grew its holdings in Lockheed Martin Co. (NYSE:LMT – Get Rating) by 8.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,542 shares of the aerospace company’s stock after purchasing an additional 1,735 shares during the quarter. Lockheed Martin accounts for about 2.9% of Tamar Securities LLC’s holdings, making the stock its 11th biggest holding. Tamar Securities LLC’s holdings in Lockheed Martin were worth $9,094,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in LMT. FMR LLC increased its stake in shares of Lockheed Martin by 39.9% during the second quarter. FMR LLC now owns 5,966,076 shares of the aerospace company’s stock worth $2,565,175,000 after buying an additional 1,701,615 shares during the period. Renaissance Technologies LLC lifted its position in shares of Lockheed Martin by 586.8% during the 1st quarter. Renaissance Technologies LLC now owns 369,500 shares of the aerospace company’s stock worth $163,097,000 after purchasing an additional 315,700 shares during the last quarter. GQG Partners LLC grew its stake in shares of Lockheed Martin by 18.0% during the second quarter. GQG Partners LLC now owns 2,040,934 shares of the aerospace company’s stock worth $877,886,000 after purchasing an additional 311,513 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Lockheed Martin by 5.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 5,256,069 shares of the aerospace company’s stock valued at $2,320,030,000 after buying an additional 264,665 shares during the last quarter. Finally, Bank of Montreal Can raised its stake in Lockheed Martin by 45.2% in the second quarter. Bank of Montreal Can now owns 744,304 shares of the aerospace company’s stock valued at $314,893,000 after buying an additional 231,531 shares in the last quarter. Institutional investors and hedge funds own 75.18% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on LMT shares. JPMorgan Chase & Co. raised their price objective on shares of Lockheed Martin from $450.00 to $505.00 and gave the stock a “neutral” rating in a report on Monday, December 12th. Citigroup began coverage on Lockheed Martin in a research report on Thursday, December 8th. They set a “buy” rating and a $546.00 target price on the stock. Jefferies Financial Group lifted their price target on Lockheed Martin from $500.00 to $525.00 in a research report on Monday, December 5th. The Goldman Sachs Group downgraded Lockheed Martin from a “neutral” rating to a “sell” rating and decreased their price target for the company from $388.00 to $332.00 in a research note on Friday, January 13th. Finally, Royal Bank of Canada lifted their price target on shares of Lockheed Martin from $420.00 to $445.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 19th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Lockheed Martin currently has an average rating of “Hold” and a consensus price target of $471.50.

Lockheed Martin Stock Up 0.4 %

Shares of LMT stock traded up $1.68 during trading hours on Wednesday, reaching $450.91. The company had a trading volume of 471,225 shares, compared to its average volume of 1,572,727. Lockheed Martin Co. has a twelve month low of $373.67 and a twelve month high of $498.95. The company has a market capitalization of $118.17 billion, a P/E ratio of 20.63, a price-to-earnings-growth ratio of 2.59 and a beta of 0.73. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.09 and a current ratio of 1.28. The stock’s fifty day simple moving average is $474.66 and its 200 day simple moving average is $444.10.

Lockheed Martin (NYSE:LMT – Get Rating) last announced its quarterly earnings results on Tuesday, January 24th. The aerospace company reported $7.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.41 by $0.38. Lockheed Martin had a return on equity of 65.16% and a net margin of 9.07%. The company had revenue of $18.99 billion during the quarter, compared to analyst estimates of $18.25 billion. During the same quarter in the previous year, the firm posted $7.47 EPS. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. As a group, sell-side analysts expect that Lockheed Martin Co. will post 26.96 earnings per share for the current fiscal year.

About Lockheed Martin

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Lockheed Martin Corp. is 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.