Apexium Financial LP Grows Stock Position in Lockheed Martin Co. (NYSE:LMT)

Apexium Financial LP grew its position in shares of Lockheed Martin Co. (NYSE:LMT) by 73.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 918 shares of the aerospace company’s stock after purchasing an additional 389 shares during the period. Apexium Financial LP’s holdings in Lockheed Martin were worth $446,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Blue Trust Inc. increased its stake in Lockheed Martin by 22.8% during the 4th quarter. Blue Trust Inc. now owns 9,472 shares of the aerospace company’s stock worth $4,603,000 after buying an additional 1,760 shares during the period. Kingswood Wealth Advisors LLC grew its stake in shares of Lockheed Martin by 3.0% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 10,023 shares of the aerospace company’s stock valued at $4,871,000 after acquiring an additional 290 shares in the last quarter. PFG Investments LLC increased its position in shares of Lockheed Martin by 4.1% during the fourth quarter. PFG Investments LLC now owns 5,346 shares of the aerospace company’s stock worth $2,598,000 after acquiring an additional 209 shares during the last quarter. Narwhal Capital Management lifted its stake in shares of Lockheed Martin by 26.7% in the fourth quarter. Narwhal Capital Management now owns 36,270 shares of the aerospace company’s stock worth $17,625,000 after acquiring an additional 7,642 shares in the last quarter. Finally, Stablepoint Partners LLC boosted its holdings in Lockheed Martin by 0.5% in the fourth quarter. Stablepoint Partners LLC now owns 13,081 shares of the aerospace company’s stock valued at $6,357,000 after purchasing an additional 66 shares during the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Stock Performance

LMT stock opened at $503.19 on Tuesday. The stock’s fifty day moving average is $499.24 and its two-hundred day moving average is $537.29. The stock has a market capitalization of $119.28 billion, a price-to-earnings ratio of 18.22, a PEG ratio of 4.05 and a beta of 0.48. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.12 and a current ratio of 1.30. 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 brokerages have issued reports on LMT. JPMorgan Chase & Co. cut their target price on Lockheed Martin from $546.00 to $540.00 and set an “overweight” rating on the stock in a research report on Thursday, January 16th. Robert W. Baird upped their price target on shares of Lockheed Martin from $519.00 to $626.00 in a report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft downgraded 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 cut shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 3rd. Finally, UBS Group boosted their price objective on Lockheed Martin from $589.00 to $603.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.