West Oak Capital LLC increased its holdings in shares of Lockheed Martin Co. (NYSE:LMT – Free Report) by 277.9% during the 4th quarter, HoldingsChannel reports. The firm owned 18,761 shares of the aerospace company’s stock after purchasing an additional 13,796 shares during the period. Lockheed Martin comprises approximately 2.8% of West Oak Capital LLC’s holdings, making the stock its 6th largest holding. West Oak Capital LLC’s holdings in Lockheed Martin were worth $9,117,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. CVA Family Office LLC lifted its stake in shares of Lockheed Martin by 1.1% in the 3rd quarter. CVA Family Office LLC now owns 1,548 shares of the aerospace company’s stock valued at $905,000 after acquiring an additional 17 shares during the last quarter. AllGen Financial Advisors Inc. raised its position in Lockheed Martin by 4.0% during the 3rd quarter. AllGen Financial Advisors Inc. now owns 468 shares of the aerospace company’s stock valued at $274,000 after purchasing an additional 18 shares during the last quarter. Salomon & Ludwin LLC raised its position in Lockheed Martin by 20.5% during the 3rd quarter. Salomon & Ludwin LLC now owns 106 shares of the aerospace company’s stock valued at $62,000 after purchasing an additional 18 shares during the last quarter. Sunburst Financial Group LLC raised its position in Lockheed Martin by 3.3% during the 3rd quarter. Sunburst Financial Group LLC now owns 566 shares of the aerospace company’s stock valued at $331,000 after purchasing an additional 18 shares during the last quarter. Finally, Quad Cities Investment Group LLC raised its position 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 purchasing an additional 19 shares during the last quarter. Institutional investors own 74.19% of the company’s stock.
Lockheed Martin Stock Down 0.2 %
NYSE:LMT traded down $1.01 during trading hours on Friday, reaching $467.84. 1,127,372 shares of the company traded hands, compared to its average volume of 1,145,476. The business’s 50-day moving average price is $512.94 and its two-hundred day moving average price is $534.43. The stock has a market capitalization of $110.89 billion, a P/E ratio of 16.94, a P/E/G 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 company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 2.66.
Analyst Upgrades and Downgrades
A number of research analysts have commented on the company. Citigroup upped their price target on Lockheed Martin from $570.00 to $700.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Barclays lowered their price target on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a research report on Monday. Wells Fargo & Company lowered their price target on Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating for the company in a research report on Wednesday. JPMorgan Chase & Co. upped their target price on Lockheed Martin from $560.00 to $630.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. Finally, Susquehanna reduced 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. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $591.21.
Get Our Latest Analysis on Lockheed Martin
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.
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