Gradient Investments LLC Buys 84 Shares of Lockheed Martin Co. (NYSE:LMT)

Gradient Investments LLC lifted its position in Lockheed Martin Co. (NYSE:LMT) by 0.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,510 shares of the aerospace company’s stock after acquiring an additional 84 shares during the quarter. Gradient Investments LLC’s holdings in Lockheed Martin were worth $5,593,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Itau Unibanco Holding S.A. bought a new stake in shares of Lockheed Martin during the 3rd quarter worth $26,000. Mattson Financial Services LLC purchased a new stake in Lockheed Martin during the second quarter worth about $27,000. Burkett Financial Services LLC bought a new stake in Lockheed Martin in the third quarter worth about $32,000. Capital Performance Advisors LLP purchased a new position in Lockheed Martin in the third quarter valued at about $40,000. Finally, Legacy Investment Solutions LLC bought a new position in shares of Lockheed Martin during the 3rd quarter valued at approximately $42,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on LMT. Truist Financial started coverage on Lockheed Martin in a research note on Tuesday, January 14th. They issued a “buy” rating and a $579.00 price objective on the stock. Deutsche Bank Aktiengesellschaft cut Lockheed Martin from a “buy” rating to a “hold” rating and dropped their price target for the company from $611.00 to $523.00 in a research report on Thursday, January 2nd. Royal Bank of Canada lowered their price objective on Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. Barclays cut their target price on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a research report on Monday, January 6th. Finally, TD Cowen boosted their price target on shares of Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $577.73.

Lockheed Martin Price Performance

Shares of NYSE LMT opened at $496.96 on Friday. The stock’s 50-day simple moving average is $499.24 and its two-hundred day simple moving average is $536.23. Lockheed Martin Co. has a twelve month low of $413.92 and a twelve month high of $618.95. The firm has a market capitalization of $117.80 billion, a P/E ratio of 17.99, a P/E/G ratio of 4.05 and a beta of 0.48. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 2.66.

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.