Jamison Private Wealth Management Inc. Buys 249 Shares of Lockheed Martin Co. (NYSE:LMT)

Jamison Private Wealth Management Inc. raised its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 1.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,627 shares of the aerospace company’s stock after acquiring an additional 249 shares during the quarter. Lockheed Martin makes up 1.3% of Jamison Private Wealth Management Inc.’s portfolio, making the stock its 27th largest holding. Jamison Private Wealth Management Inc.’s holdings in Lockheed Martin were worth $8,566,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in LMT. Public Sector Pension Investment Board increased its holdings in Lockheed Martin by 110.2% during the 2nd quarter. Public Sector Pension Investment Board now owns 7,847 shares of the aerospace company’s stock valued at $3,665,000 after purchasing an additional 4,114 shares in the last quarter. Deerfield Management Company L.P. Series C acquired a new stake in shares of Lockheed Martin in the second quarter valued at $300,000. Dark Forest Capital Management LP raised its holdings in shares of Lockheed Martin by 56.1% in the second quarter. Dark Forest Capital Management LP now owns 1,044 shares of the aerospace company’s stock valued at $488,000 after buying an additional 375 shares during the last quarter. MBB Public Markets I LLC lifted its position in Lockheed Martin by 2,674.4% during the 2nd quarter. MBB Public Markets I LLC now owns 15,398 shares of the aerospace company’s stock worth $7,192,000 after buying an additional 14,843 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its position in Lockheed Martin by 1.3% during the 2nd quarter. Mackenzie Financial Corp now owns 125,730 shares of the aerospace company’s stock worth $58,728,000 after buying an additional 1,654 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

Shares of Lockheed Martin stock opened at $496.96 on Friday. Lockheed Martin Co. has a 12 month low of $413.92 and a 12 month 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. The company has a market capitalization of $117.80 billion, a PE ratio of 17.99, a PEG ratio of 4.05 and a beta of 0.48. The stock’s fifty day simple moving average is $499.24 and its 200 day simple moving average is $536.23.

Analysts Set New Price Targets

A number of equities analysts have weighed in on LMT shares. TD Cowen boosted their target price on shares of Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Robert W. Baird boosted their price objective on shares of Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday, October 22nd. Susquehanna decreased their price objective on Lockheed Martin from $695.00 to $590.00 and set a “positive” rating on the stock in a research report on Wednesday, January 8th. Barclays dropped their target price on 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. Finally, StockNews.com cut Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Lockheed Martin presently has a consensus rating of “Moderate Buy” and an average 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.