Foundations Investment Advisors LLC Raises Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

Foundations Investment Advisors LLC raised its position in Lockheed Martin Co. (NYSE:LMT) by 21.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,431 shares of the aerospace company’s stock after buying an additional 3,727 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Lockheed Martin were worth $10,414,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mount Yale Investment Advisors LLC raised its stake in shares of Lockheed Martin by 71.4% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 1,813 shares of the aerospace company’s stock worth $881,000 after purchasing an additional 755 shares during the last quarter. Kavar Capital Partners Group LLC raised its stake in shares of Lockheed Martin by 4.2% during the fourth quarter. Kavar Capital Partners Group LLC now owns 7,015 shares of the aerospace company’s stock worth $3,409,000 after purchasing an additional 280 shares during the last quarter. United Asset Strategies Inc. grew its holdings in Lockheed Martin by 2.4% during the fourth quarter. United Asset Strategies Inc. now owns 31,584 shares of the aerospace company’s stock worth $15,348,000 after acquiring an additional 751 shares during the period. Union Bancaire Privee UBP SA acquired a new position in Lockheed Martin during the fourth quarter worth $92,000. Finally, Apexium Financial LP grew its holdings in Lockheed Martin by 73.5% during the fourth quarter. Apexium Financial LP now owns 918 shares of the aerospace company’s stock worth $446,000 after acquiring an additional 389 shares during the period. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Up 0.9 %

Shares of Lockheed Martin stock opened at $501.40 on Monday. Lockheed Martin Co. has a 1-year low of $413.92 and a 1-year high of $618.95. 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 business’s fifty day moving average price is $499.24 and its two-hundred day moving average price is $537.29. The company has a market capitalization of $118.85 billion, a P/E ratio of 18.15, a PEG ratio of 4.05 and a beta of 0.48.

Analyst Ratings Changes

A number of brokerages recently weighed in on LMT. Royal Bank of Canada dropped their price objective on Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. JPMorgan Chase & Co. lowered their target price on Lockheed Martin from $546.00 to $540.00 and set an “overweight” rating on the stock in a report on Thursday, January 16th. TD Cowen upped their target price on Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Susquehanna reduced their target price on Lockheed Martin from $695.00 to $590.00 and set a “positive” rating on the stock in a research report on Wednesday, January 8th. Finally, UBS Group increased their target price on Lockheed Martin from $589.00 to $603.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Lockheed Martin presently has an average rating of “Moderate Buy” and a consensus target price of $577.73.

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.