Archford Capital Strategies LLC Has $3.20 Million Stake in Lockheed Martin Co. (NYSE:LMT)

Archford Capital Strategies LLC grew its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 1.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,579 shares of the aerospace company’s stock after acquiring an additional 70 shares during the period. Archford Capital Strategies LLC’s holdings in Lockheed Martin were worth $3,197,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in LMT. Public Sector Pension Investment Board grew its holdings in Lockheed Martin by 110.2% in the second quarter. Public Sector Pension Investment Board now owns 7,847 shares of the aerospace company’s stock worth $3,665,000 after purchasing an additional 4,114 shares during the period. Deerfield Management Company L.P. Series C acquired a new stake in shares of Lockheed Martin in the 2nd quarter valued at about $300,000. Dark Forest Capital Management LP increased its position in Lockheed Martin by 56.1% in the 2nd quarter. Dark Forest Capital Management LP now owns 1,044 shares of the aerospace company’s stock valued at $488,000 after buying an additional 375 shares in the last quarter. MBB Public Markets I LLC raised its stake in Lockheed Martin by 2,674.4% during the 2nd quarter. MBB Public Markets I LLC now owns 15,398 shares of the aerospace company’s stock worth $7,192,000 after buying an additional 14,843 shares during the period. Finally, Mackenzie Financial Corp boosted its holdings in Lockheed Martin by 1.3% in the second quarter. Mackenzie Financial Corp now owns 125,730 shares of the aerospace company’s stock worth $58,728,000 after acquiring an additional 1,654 shares in the last quarter. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Stock Performance

Shares of LMT opened at $496.96 on Friday. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.30 and a quick ratio of 1.12. The firm has a market cap of $117.80 billion, a PE ratio of 17.99, a PEG ratio of 4.05 and a beta of 0.48. Lockheed Martin Co. has a 1 year low of $413.92 and a 1 year high of $618.95. The stock’s fifty day moving average price is $499.24 and its two-hundred day moving average price is $536.23.

Analyst Ratings Changes

Several research firms have recently commented on LMT. Truist Financial started coverage on Lockheed Martin in a report on Tuesday, January 14th. They set a “buy” rating and a $579.00 price objective for the company. 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 note on Wednesday, October 23rd. StockNews.com lowered shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 3rd. 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. Finally, Wells Fargo & Company dropped their price target on shares of Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average 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.