Moody Lynn & Lieberson LLC boosted its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 0.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,068 shares of the aerospace company’s stock after buying an additional 32 shares during the period. Moody Lynn & Lieberson LLC’s holdings in Lockheed Martin were worth $7,479,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also bought and sold shares of the company. Simon Quick Advisors LLC acquired a new position in Lockheed Martin during the third quarter valued at $32,000. Barnett & Company Inc. acquired a new position in Lockheed Martin during the third quarter valued at $38,000. Lenox Wealth Advisors LLC raised its position in Lockheed Martin by 140.5% during the third quarter. Lenox Wealth Advisors LLC now owns 101 shares of the aerospace company’s stock valued at $39,000 after buying an additional 59 shares during the period. Bay Harbor Wealth Management LLC raised its position in Lockheed Martin by 24.6% during the third quarter. Bay Harbor Wealth Management LLC now owns 142 shares of the aerospace company’s stock valued at $54,000 after buying an additional 28 shares during the period. Finally, Norway Savings Bank increased its position in Lockheed Martin by 127.0% in the 3rd quarter. Norway Savings Bank now owns 143 shares of the aerospace company’s stock worth $55,000 after purchasing an additional 80 shares during the last quarter. 77.00% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:LMT traded up $3.82 during mid-day trading on Wednesday, hitting $334.51. 48,146 shares of the company’s stock traded hands, compared to its average volume of 2,171,221. The firm has a 50 day moving average of $349.36 and a two-hundred day moving average of $371.56. Lockheed Martin Co. has a 12 month low of $266.11 and a 12 month high of $442.53. The firm has a market capitalization of $93.59 billion, a price-to-earnings ratio of 14.40, a price-to-earnings-growth ratio of 1.98 and a beta of 0.92. The company has a current ratio of 1.33, a quick ratio of 1.12 and a debt-to-equity ratio of 2.34.
LMT has been the topic of several research reports. Robert W. Baird lowered Lockheed Martin from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $420.00 to $368.00 in a research report on Thursday, January 7th. Credit Suisse Group dropped their target price on Lockheed Martin from $351.00 to $334.00 in a research report on Wednesday. Morgan Stanley dropped their target price on Lockheed Martin from $509.00 to $480.00 and set an “overweight” rating on the stock in a research report on Thursday, January 7th. Cowen reaffirmed a “buy” rating and issued a $410.00 target price on shares of Lockheed Martin in a research report on Friday, November 27th. Finally, Royal Bank of Canada upped their target price on Lockheed Martin from $405.00 to $414.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 21st. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $440.59.
Lockheed Martin Company 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. It operates through four segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space Systems.
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