Lockheed Martin Co. (NYSE:LMT) Shares Bought by Smith Chas P & Associates PA Cpas

Smith Chas P & Associates PA Cpas lifted its position in shares of Lockheed Martin Co. (NYSE:LMT) by 1.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 82,520 shares of the aerospace company’s stock after acquiring an additional 926 shares during the quarter. Lockheed Martin makes up about 2.3% of Smith Chas P & Associates PA Cpas’ investment portfolio, making the stock its 17th biggest position. Smith Chas P & Associates PA Cpas’ holdings in Lockheed Martin were worth $40,100,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in LMT. CVA Family Office LLC increased its position in 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 during the period. AllGen Financial Advisors Inc. increased its holdings in shares of Lockheed Martin by 4.0% in the 3rd quarter. AllGen Financial Advisors Inc. now owns 468 shares of the aerospace company’s stock worth $274,000 after acquiring an additional 18 shares during the period. Salomon & Ludwin LLC lifted its position in Lockheed Martin by 20.5% in 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 boosted its stake 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 period. Finally, Quad Cities Investment Group LLC grew its position in Lockheed Martin by 1.2% in the 3rd quarter. Quad Cities Investment Group LLC now owns 1,572 shares of the aerospace company’s stock worth $919,000 after purchasing an additional 19 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Stock Performance

Shares of LMT stock opened at $496.96 on Friday. The stock’s fifty day simple moving average is $499.24 and its 200-day simple moving average is $536.23. The company has a market capitalization 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. 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 1-year low of $413.92 and a 1-year high of $618.95.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on LMT shares. Robert W. Baird lifted their price target on Lockheed Martin from $519.00 to $626.00 in a report on Tuesday, October 22nd. TD Cowen increased their price target on Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Susquehanna cut their price objective 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. StockNews.com cut shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 3rd. Finally, UBS Group upped their price target on shares of Lockheed Martin from $589.00 to $603.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. One research 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 stock. Based on data from MarketBeat, Lockheed Martin has a consensus rating of “Moderate Buy” and a consensus target price 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.