Jeppson Wealth Management LLC Raises Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

Jeppson Wealth Management LLC boosted its position in Lockheed Martin Co. (NYSE:LMT) by 0.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,620 shares of the aerospace company’s stock after purchasing an additional 103 shares during the period. Lockheed Martin accounts for about 3.8% of Jeppson Wealth Management LLC’s portfolio, making the stock its 4th biggest holding. Jeppson Wealth Management LLC’s holdings in Lockheed Martin were worth $10,506,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Scientech Research LLC bought a new position in Lockheed Martin during the 2nd quarter worth approximately $491,000. Algert Global LLC bought a new position in Lockheed Martin during the second quarter worth $277,000. Creative Planning lifted its holdings in Lockheed Martin by 5.5% in the second quarter. Creative Planning now owns 103,065 shares of the aerospace company’s stock valued at $48,142,000 after buying an additional 5,390 shares during the period. Copperwynd Financial LLC boosted its position in Lockheed Martin by 22.3% during the second quarter. Copperwynd Financial LLC now owns 549 shares of the aerospace company’s stock valued at $256,000 after acquiring an additional 100 shares during the last quarter. Finally, Silver Lake Advisory LLC acquired a new stake in Lockheed Martin during the 2nd quarter worth about $578,000. 74.19% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Robert W. Baird boosted their price objective on Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. StockNews.com lowered Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 3rd. Wells Fargo & Company cut their price target on Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 8th. UBS Group boosted their price objective on Lockheed Martin from $589.00 to $603.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Finally, Truist Financial initiated coverage on Lockheed Martin in a report on Tuesday, January 14th. They issued a “buy” rating and a $579.00 target price on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $577.73.

Lockheed Martin Stock Up 1.3 %

LMT opened at $503.19 on Tuesday. Lockheed Martin Co. has a fifty-two week low of $413.92 and a fifty-two week high of $618.95. The firm has a market capitalization of $119.28 billion, a P/E ratio of 18.22, a PEG ratio of 4.05 and a beta of 0.48. The company’s 50-day moving average is $499.24 and its 200 day moving average is $537.29. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.30 and a quick ratio of 1.12.

About Lockheed Martin

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.