Mount Yale Investment Advisors LLC Grows Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

Mount Yale Investment Advisors LLC raised its stake in Lockheed Martin Co. (NYSE:LMT) by 71.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,813 shares of the aerospace company’s stock after buying an additional 755 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Lockheed Martin were worth $881,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. CVA Family Office LLC raised its holdings in Lockheed Martin by 1.1% during the third quarter. CVA Family Office LLC now owns 1,548 shares of the aerospace company’s stock worth $905,000 after purchasing an additional 17 shares during the last quarter. AllGen Financial Advisors Inc. raised its stake in shares of Lockheed Martin by 4.0% during the 3rd quarter. AllGen Financial Advisors Inc. now owns 468 shares of the aerospace company’s stock worth $274,000 after buying an additional 18 shares during the last quarter. Salomon & Ludwin LLC boosted its position in shares of Lockheed Martin by 20.5% in the 3rd quarter. Salomon & Ludwin LLC now owns 106 shares of the aerospace company’s stock worth $62,000 after buying an additional 18 shares in the last quarter. Sunburst Financial Group LLC grew its stake in Lockheed Martin by 3.3% in the 3rd quarter. Sunburst Financial Group LLC now owns 566 shares of the aerospace company’s stock valued at $331,000 after acquiring an additional 18 shares during the last quarter. Finally, Quad Cities Investment Group LLC increased its holdings in Lockheed Martin by 1.2% during the 3rd quarter. Quad Cities Investment Group LLC now owns 1,572 shares of the aerospace company’s stock valued at $919,000 after acquiring an additional 19 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LMT has been the topic of several research reports. Wells Fargo & Company lowered 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. Susquehanna lowered their target price on Lockheed Martin from $695.00 to $590.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. Truist Financial started coverage on Lockheed Martin in a report on Tuesday, January 14th. They issued a “buy” rating and a $579.00 price target for the company. Royal Bank of Canada decreased 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. Finally, Citigroup cut 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 note on Tuesday, January 21st. One 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 stock. According to MarketBeat, Lockheed Martin presently has a consensus rating of “Moderate Buy” and an average price target of $577.73.

Lockheed Martin Stock Up 1.3 %

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

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.