Archford Capital Strategies LLC Increases Holdings in Lockheed Martin Co. (NYSE:LMT)

Archford Capital Strategies LLC lifted its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 1.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,579 shares of the aerospace company’s stock after purchasing an additional 70 shares during the quarter. Archford Capital Strategies LLC’s holdings in Lockheed Martin were worth $3,197,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. CVA Family Office LLC lifted its holdings in shares of Lockheed Martin by 1.1% in the third quarter. CVA Family Office LLC now owns 1,548 shares of the aerospace company’s stock worth $905,000 after buying an additional 17 shares in the last quarter. AllGen Financial Advisors Inc. grew its position in shares of 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 in the last quarter. Salomon & Ludwin LLC increased its holdings in shares of Lockheed Martin by 20.5% in the third quarter. Salomon & Ludwin LLC now owns 106 shares of the aerospace company’s stock worth $62,000 after purchasing an additional 18 shares during the period. Sunburst Financial Group LLC raised its position in shares of Lockheed Martin by 3.3% in the third quarter. Sunburst Financial Group LLC now owns 566 shares of the aerospace company’s stock worth $331,000 after buying an additional 18 shares in the last quarter. Finally, Quad Cities Investment Group LLC boosted its stake in Lockheed Martin by 1.2% during the third quarter. Quad Cities Investment Group LLC now owns 1,572 shares of the aerospace company’s stock valued at $919,000 after buying an additional 19 shares during the period. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Price Performance

LMT stock opened at $496.96 on Friday. The stock has a market capitalization of $117.80 billion, a price-to-earnings ratio of 17.99, a PEG ratio of 4.05 and a beta of 0.48. The firm’s 50-day moving average price is $499.24 and its two-hundred day moving average price is $536.23. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 2.66. Lockheed Martin Co. has a 12-month low of $413.92 and a 12-month high of $618.95.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Barclays decreased their target price on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a research note on Monday, January 6th. TD Cowen raised 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. Deutsche Bank Aktiengesellschaft cut shares of Lockheed Martin from a “buy” rating to a “hold” rating and cut their price target for the stock from $611.00 to $523.00 in a research note on Thursday, January 2nd. Susquehanna dropped their price objective on shares of Lockheed Martin from $695.00 to $590.00 and set a “positive” rating for the company in a report on Wednesday, January 8th. Finally, Robert W. Baird upped their target price on shares of Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average 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.