Lockheed Martin Co. (NYSE:LMT) Stock Holdings Decreased by Vantage Investment Partners LLC

Vantage Investment Partners LLC lessened its position in Lockheed Martin Co. (NYSE:LMT) by 2.1% in the 4th quarter, Holdings Channel reports. The fund owned 26,676 shares of the aerospace company’s stock after selling 571 shares during the period. Vantage Investment Partners LLC’s holdings in Lockheed Martin were worth $12,963,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. TRU Independence Asset Management 2 LLC raised its stake in Lockheed Martin by 6.7% during the 4th quarter. TRU Independence Asset Management 2 LLC now owns 1,813 shares of the aerospace company’s stock valued at $881,000 after purchasing an additional 114 shares during the period. BankPlus Wealth Management LLC acquired a new position in Lockheed Martin during the fourth quarter valued at $689,000. Nilsine Partners LLC lifted its stake in Lockheed Martin by 19.3% in the 4th quarter. Nilsine Partners LLC now owns 2,861 shares of the aerospace company’s stock worth $1,390,000 after acquiring an additional 462 shares in the last quarter. Foundations Investment Advisors LLC boosted its position in Lockheed Martin by 21.1% during the 4th quarter. Foundations Investment Advisors LLC now owns 21,431 shares of the aerospace company’s stock worth $10,414,000 after acquiring an additional 3,727 shares during the period. Finally, Mount Yale Investment Advisors LLC grew its stake in Lockheed Martin by 71.4% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 1,813 shares of the aerospace company’s stock valued at $881,000 after acquiring an additional 755 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Barclays reduced their price target on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a research report on Monday, January 6th. TD Cowen lifted their target price 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. Susquehanna dropped 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. Royal Bank of Canada reduced their price objective on 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, Truist Financial initiated coverage on Lockheed Martin in a research report on Tuesday, January 14th. They issued a “buy” rating and a $579.00 target price on the stock. 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, Lockheed Martin presently has an average rating of “Moderate Buy” and an average price target of $577.73.

Lockheed Martin Trading Up 1.3 %

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 company’s 50 day moving average is $499.24 and its 200-day moving average is $537.29. The firm has a market cap of $119.28 billion, a price-to-earnings ratio of 18.22, a P/E/G ratio of 4.05 and a beta of 0.48. Lockheed Martin Co. has a 12 month low of $413.92 and a 12 month high of $618.95.

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.