Parsons Capital Management Inc. RI Has $4.65 Million Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

Parsons Capital Management Inc. RI decreased its holdings in Lockheed Martin Co. (NYSE:LMT) by 7.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,560 shares of the aerospace company’s stock after selling 782 shares during the quarter. Parsons Capital Management Inc. RI’s holdings in Lockheed Martin were worth $4,646,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Itau Unibanco Holding S.A. acquired a new position in shares of Lockheed Martin in the 3rd quarter valued at $26,000. Mattson Financial Services LLC acquired a new stake in shares of Lockheed Martin during the 2nd quarter worth approximately $27,000. Burkett Financial Services LLC acquired a new stake in shares of Lockheed Martin during the 3rd quarter worth approximately $32,000. Capital Performance Advisors LLP acquired a new stake in shares of Lockheed Martin during the 3rd quarter worth approximately $40,000. Finally, Legacy Investment Solutions LLC acquired a new position in Lockheed Martin during the third quarter valued at approximately $42,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Price Performance

NYSE:LMT opened at $504.83 on Monday. 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’s fifty day moving average price is $499.24 and its two-hundred day moving average price is $537.29. Lockheed Martin Co. has a one year low of $413.92 and a one year high of $618.95. The company has a market cap of $119.67 billion, a P/E ratio of 18.33, a P/E/G ratio of 4.05 and a beta of 0.48.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Robert W. Baird boosted their price objective on shares of Lockheed Martin from $519.00 to $626.00 in a report on Tuesday, October 22nd. Wells Fargo & Company cut 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 note on Wednesday, January 8th. Susquehanna cut their price target on shares of Lockheed Martin from $695.00 to $590.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. TD Cowen lifted 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. Finally, UBS Group boosted their price objective on shares of 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 given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $577.73.

Lockheed Martin Company 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.