Versant Capital Management Inc Has $115,000 Stake in Lockheed Martin Co. (NYSE:LMT)

Versant Capital Management Inc raised its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 50.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 236 shares of the aerospace company’s stock after purchasing an additional 79 shares during the period. Versant Capital Management Inc’s holdings in Lockheed Martin were worth $115,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Lantz Financial LLC grew its position in Lockheed Martin by 2.6% during the second quarter. Lantz Financial LLC now owns 4,882 shares of the aerospace company’s stock valued at $2,281,000 after buying an additional 123 shares during the period. Larson Financial Group LLC lifted its stake in shares of Lockheed Martin by 14.0% during the 2nd quarter. Larson Financial Group LLC now owns 441 shares of the aerospace company’s stock valued at $206,000 after buying an additional 54 shares in the last quarter. TD Asset Management Inc boosted its holdings in Lockheed Martin by 1.8% in the 2nd quarter. TD Asset Management Inc now owns 96,205 shares of the aerospace company’s stock worth $44,937,000 after buying an additional 1,707 shares during the period. Victory Capital Management Inc. grew its stake in Lockheed Martin by 7.7% in the 2nd quarter. Victory Capital Management Inc. now owns 277,427 shares of the aerospace company’s stock valued at $129,586,000 after buying an additional 19,728 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. raised its holdings in Lockheed Martin by 1.9% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 1,580 shares of the aerospace company’s stock valued at $738,000 after acquiring an additional 29 shares during the period. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Price Performance

LMT stock opened at $481.82 on Friday. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.12 and a current ratio of 1.30. The firm has a market cap of $114.21 billion, a P/E ratio of 17.44, a P/E/G ratio of 4.05 and a beta of 0.48. The firm’s fifty day moving average is $519.47 and its 200 day moving average is $534.34. Lockheed Martin Co. has a 52 week low of $413.92 and a 52 week high of $618.95.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share for the quarter, beating analysts’ consensus estimates of $6.50 by $0.34. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The company had revenue of $17.10 billion during the quarter, compared to analyst estimates of $17.38 billion. During the same quarter in the previous year, the company posted $6.77 EPS. Lockheed Martin’s revenue for the quarter was up 1.3% on a year-over-year basis. Research analysts predict that Lockheed Martin Co. will post 26.88 earnings per share for the current year.

Wall Street Analysts Forecast Growth

LMT has been the subject of several recent research reports. Barclays lifted their price target on Lockheed Martin from $505.00 to $565.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft lowered Lockheed Martin from a “buy” rating to a “hold” rating and reduced their target price for the company from $611.00 to $523.00 in a report on Thursday. Susquehanna cut their price objective on shares of Lockheed Martin from $705.00 to $695.00 and set a “positive” rating for the company in a research report on Wednesday, October 23rd. TD Cowen boosted their target price on Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, UBS Group lifted their target price on shares of Lockheed Martin from $589.00 to $603.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $605.36.

Lockheed Martin Profile

Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.