Stonegate Investment Group LLC Raises Stock Position in Lockheed Martin Co. (NYSE:LMT)

Stonegate Investment Group LLC raised its stake in shares of Lockheed Martin Co. (NYSE:LMTFree Report) by 0.4% during the fourth quarter, Holdings Channel reports. The firm owned 105,090 shares of the aerospace company’s stock after buying an additional 387 shares during the quarter. Lockheed Martin makes up approximately 1.4% of Stonegate Investment Group LLC’s portfolio, making the stock its 29th biggest position. Stonegate Investment Group LLC’s holdings in Lockheed Martin were worth $51,067,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in LMT. Scientech Research LLC purchased a new position in Lockheed Martin during the 2nd quarter valued at $491,000. Algert Global LLC purchased a new stake in shares of Lockheed Martin in the 2nd quarter worth about $277,000. Creative Planning grew its position in shares of Lockheed Martin by 5.5% in the 2nd quarter. Creative Planning now owns 103,065 shares of the aerospace company’s stock worth $48,142,000 after buying an additional 5,390 shares during the period. Copperwynd Financial LLC grew its position in shares of Lockheed Martin by 22.3% in the 2nd quarter. Copperwynd Financial LLC now owns 549 shares of the aerospace company’s stock worth $256,000 after buying an additional 100 shares during the period. Finally, Silver Lake Advisory LLC purchased a new stake in shares of Lockheed Martin in the 2nd quarter worth about $578,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Trading Up 1.3 %

Shares of Lockheed Martin stock opened at $503.19 on Tuesday. Lockheed Martin Co. has a 1-year low of $413.92 and a 1-year high of $618.95. The company’s fifty day simple moving average is $499.24 and its 200-day simple moving average is $537.29. The stock has a market capitalization of $119.28 billion, a PE ratio of 18.22, a P/E/G ratio of 4.05 and a beta of 0.48. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.30 and a quick ratio of 1.12.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. UBS Group upped their target price on shares of Lockheed Martin from $589.00 to $603.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. reduced their target price on shares of Lockheed Martin from $546.00 to $540.00 and set an “overweight” rating on the stock in a research report on Thursday, January 16th. Wells Fargo & Company dropped their price target on shares of Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 8th. Robert W. Baird upped their price target on shares of Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. Finally, TD Cowen upped their price target on shares of Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $577.73.

Get Our Latest Report on LMT

About Lockheed Martin

(Free Report)

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.

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

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