Mirae Asset Global Investments Co. Ltd. Grows Stock Position in Lockheed Martin Corporation $LMT

Mirae Asset Global Investments Co. Ltd. raised its holdings in Lockheed Martin Corporation (NYSE:LMT) by 6.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 227,831 shares of the aerospace company’s stock after buying an additional 14,374 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned approximately 0.10% of Lockheed Martin worth $113,736,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Old North State Wealth Management LLC increased its position in Lockheed Martin by 2.0% during the third quarter. Old North State Wealth Management LLC now owns 1,073 shares of the aerospace company’s stock worth $539,000 after purchasing an additional 21 shares during the last quarter. Broadway Wealth Solutions Inc. raised its position in shares of Lockheed Martin by 4.5% in the 2nd quarter. Broadway Wealth Solutions Inc. now owns 511 shares of the aerospace company’s stock worth $237,000 after buying an additional 22 shares during the period. Fairvoy Private Wealth LLC boosted its holdings in Lockheed Martin by 3.1% in the second quarter. Fairvoy Private Wealth LLC now owns 775 shares of the aerospace company’s stock valued at $359,000 after acquiring an additional 23 shares during the last quarter. Barnes Wealth Management Group Inc boosted its holdings in Lockheed Martin by 4.2% in the second quarter. Barnes Wealth Management Group Inc now owns 567 shares of the aerospace company’s stock valued at $263,000 after acquiring an additional 23 shares during the last quarter. Finally, Collective Family Office LLC increased its stake in Lockheed Martin by 4.6% during the third quarter. Collective Family Office LLC now owns 527 shares of the aerospace company’s stock worth $263,000 after acquiring an additional 23 shares during the last quarter. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Lockheed Martin Price Performance

Shares of LMT stock opened at $590.91 on Wednesday. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $596.22. The company has a market capitalization of $136.74 billion, a PE ratio of 32.85, a price-to-earnings-growth ratio of 1.66 and a beta of 0.24. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 3.32. The firm has a fifty day simple moving average of $500.56 and a 200-day simple moving average of $477.85.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Truist Financial set a $605.00 price objective on Lockheed Martin and gave the company a “buy” rating in a research note on Friday, January 9th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $515.00 price target (up previously from $465.00) on shares of Lockheed Martin in a report on Friday, December 19th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Lockheed Martin from $517.00 to $492.00 and set a “hold” rating for the company in a research note on Wednesday, December 10th. Susquehanna reissued a “positive” rating and issued a $660.00 target price on shares of Lockheed Martin in a research note on Thursday, January 15th. Finally, Royal Bank Of Canada lifted their target price on shares of Lockheed Martin from $440.00 to $525.00 and gave the company a “sector perform” rating in a report on Tuesday, October 7th. Five research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $543.82.

Lockheed Martin Profile

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.