Stablepoint Partners LLC Raises Stock Holdings in Lockheed Martin Corporation $LMT

Stablepoint Partners LLC grew its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 6.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,871 shares of the aerospace company’s stock after purchasing an additional 913 shares during the quarter. Lockheed Martin comprises approximately 1.2% of Stablepoint Partners LLC’s portfolio, making the stock its 17th biggest holding. Stablepoint Partners LLC’s holdings in Lockheed Martin were worth $7,424,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Carnegie Investment Counsel grew its stake in shares of Lockheed Martin by 11.4% in the 3rd quarter. Carnegie Investment Counsel now owns 29,639 shares of the aerospace company’s stock valued at $14,796,000 after buying an additional 3,031 shares in the last quarter. VCI Wealth Management LLC acquired a new stake in Lockheed Martin in the third quarter valued at approximately $3,075,000. DAVENPORT & Co LLC grew its position in Lockheed Martin by 22.4% in the third quarter. DAVENPORT & Co LLC now owns 25,423 shares of the aerospace company’s stock worth $12,688,000 after acquiring an additional 4,652 shares in the last quarter. Farther Finance Advisors LLC grew its position in Lockheed Martin by 29.2% in the third quarter. Farther Finance Advisors LLC now owns 10,036 shares of the aerospace company’s stock worth $5,010,000 after acquiring an additional 2,270 shares in the last quarter. Finally, Laffer Tengler Investments Inc. increased its stake in shares of Lockheed Martin by 482.6% during the 2nd quarter. Laffer Tengler Investments Inc. now owns 6,979 shares of the aerospace company’s stock worth $3,232,000 after purchasing an additional 5,781 shares during the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Trading Down 1.6%

Shares of LMT opened at $581.62 on Tuesday. The stock’s 50-day moving average price is $498.14 and its 200 day moving average price is $476.96. The company has a quick ratio of 0.97, a current ratio of 1.13 and a debt-to-equity ratio of 3.32. Lockheed Martin Corporation has a 12-month low of $410.11 and a 12-month high of $596.22. The firm has a market capitalization of $134.59 billion, a price-to-earnings ratio of 32.47, a P/E/G ratio of 1.69 and a beta of 0.24.

Wall Street Analyst Weigh In

LMT has been the topic of several analyst reports. JPMorgan Chase & Co. reissued a “neutral” rating and set a $515.00 target price (up from $465.00) on shares of Lockheed Martin in a research report on Friday, December 19th. Citigroup raised their price objective on Lockheed Martin from $505.00 to $592.00 and gave the company a “neutral” rating in a research note on Tuesday, January 13th. Morgan Stanley reaffirmed an “equal weight” rating and set a $543.00 target price (down previously from $630.00) on shares of Lockheed Martin in a research report on Tuesday, December 16th. Wall Street Zen lowered shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 13th. Finally, Royal Bank Of Canada boosted their price objective on shares of Lockheed Martin from $440.00 to $525.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 7th. Five equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Lockheed Martin presently has a consensus rating of “Hold” and a consensus price target of $543.82.

About Lockheed Martin

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.