United Asset Strategies Inc. Raises Stock Position in Lockheed Martin Co. (NYSE:LMT)

United Asset Strategies Inc. grew its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 2.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 31,584 shares of the aerospace company’s stock after acquiring an additional 751 shares during the quarter. Lockheed Martin makes up 1.4% of United Asset Strategies Inc.’s holdings, making the stock its 17th biggest holding. United Asset Strategies Inc.’s holdings in Lockheed Martin were worth $15,348,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in LMT. International Assets Investment Management LLC lifted its holdings in shares of Lockheed Martin by 60,592.0% in the 3rd quarter. International Assets Investment Management LLC now owns 1,559,178 shares of the aerospace company’s stock worth $911,433,000 after acquiring an additional 1,556,609 shares during the last quarter. Los Angeles Capital Management LLC raised its position in Lockheed Martin by 124.0% in the 3rd quarter. Los Angeles Capital Management LLC now owns 450,870 shares of the aerospace company’s stock valued at $263,561,000 after purchasing an additional 249,591 shares in the last quarter. Wellington Management Group LLP boosted its stake in Lockheed Martin by 8.5% during the 3rd quarter. Wellington Management Group LLP now owns 3,074,855 shares of the aerospace company’s stock worth $1,797,437,000 after purchasing an additional 240,306 shares during the period. FMR LLC increased its stake in Lockheed Martin by 6.6% in the third quarter. FMR LLC now owns 3,389,025 shares of the aerospace company’s stock valued at $1,981,088,000 after purchasing an additional 209,591 shares during the period. Finally, BNP Paribas Financial Markets raised its holdings in shares of Lockheed Martin by 49.0% in the third quarter. BNP Paribas Financial Markets now owns 480,947 shares of the aerospace company’s stock valued at $281,142,000 after buying an additional 158,064 shares during the last quarter. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Trading Down 0.1 %

NYSE LMT opened at $496.96 on Monday. The business has a 50 day moving average price of $499.24 and a 200-day moving average price of $536.76. The company has a market cap of $117.80 billion, a price-to-earnings ratio of 17.99, a P/E/G ratio of 4.05 and a beta of 0.48. Lockheed Martin Co. has a 52 week low of $413.92 and a 52 week high of $618.95. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 2.66.

Analysts Set New Price Targets

A number of research firms have recently issued reports on LMT. Barclays dropped their target price on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a report on Monday, January 6th. Wells Fargo & Company decreased their target price on Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating and dropped their target price for the stock from $611.00 to $523.00 in a research report on Thursday, January 2nd. StockNews.com lowered shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 3rd. Finally, Royal Bank of Canada lowered their price target 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. One analyst has rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Lockheed Martin has an average rating of “Moderate Buy” and a consensus target price of $577.73.

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.