Matrix Asset Advisors Inc. NY Acquires New Position in Lockheed Martin Co. (NYSE:LMT)

Matrix Asset Advisors Inc. NY acquired a new stake in Lockheed Martin Co. (NYSE:LMT) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 526 shares of the aerospace company’s stock, valued at approximately $256,000.

Other hedge funds also recently bought and sold shares of the company. Itau Unibanco Holding S.A. acquired a new stake in Lockheed Martin in the third quarter worth $26,000. Mattson Financial Services LLC bought a new stake in shares of Lockheed Martin during the second quarter worth $27,000. Burkett Financial Services LLC bought a new stake in shares of Lockheed Martin during the third quarter worth $32,000. Capital Performance Advisors LLP bought a new stake in shares of Lockheed Martin during the third quarter worth $40,000. Finally, Legacy Investment Solutions LLC bought a new stake in shares of Lockheed Martin during the third quarter worth $42,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Stock Performance

NYSE LMT opened at $503.19 on Tuesday. The firm has a 50-day moving average of $499.24 and a 200-day moving average of $537.29. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.12 and a current ratio of 1.30. The stock has a market cap of $119.28 billion, a PE ratio of 18.22, a P/E/G ratio of 4.05 and a beta of 0.48. Lockheed Martin Co. has a 52-week low of $413.92 and a 52-week high of $618.95.

Analysts Set New Price Targets

LMT has been the subject of several research reports. Barclays lowered their price objective 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. Robert W. Baird raised their target price on shares of Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday, October 22nd. Royal Bank of Canada decreased their target price on shares of Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. StockNews.com downgraded shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 3rd. Finally, Citigroup decreased their target price on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a research report on Tuesday, January 21st. 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $577.73.

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.