Jeppson Wealth Management LLC Has $10.51 Million Stake in Lockheed Martin Co. (NYSE:LMT)

Jeppson Wealth Management LLC lifted its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 0.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,620 shares of the aerospace company’s stock after purchasing an additional 103 shares during the period. Lockheed Martin comprises approximately 3.8% of Jeppson Wealth Management LLC’s investment portfolio, making the stock its 4th largest holding. Jeppson Wealth Management LLC’s holdings in Lockheed Martin were worth $10,506,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Matrix Asset Advisors Inc. NY purchased a new position in Lockheed Martin in the fourth quarter valued at approximately $256,000. Pacific Capital Wealth Advisors Inc. lifted its position in shares of Lockheed Martin by 23.8% during the 4th quarter. Pacific Capital Wealth Advisors Inc. now owns 187 shares of the aerospace company’s stock valued at $91,000 after buying an additional 36 shares during the last quarter. TRU Independence Asset Management 2 LLC grew its stake in shares of Lockheed Martin by 6.7% during the 4th quarter. TRU Independence Asset Management 2 LLC now owns 1,813 shares of the aerospace company’s stock worth $881,000 after acquiring an additional 114 shares during the period. BankPlus Wealth Management LLC purchased a new stake in Lockheed Martin in the 4th quarter worth about $689,000. Finally, Nilsine Partners LLC raised its stake in Lockheed Martin by 19.3% in the 4th quarter. Nilsine Partners LLC now owns 2,861 shares of the aerospace company’s stock valued at $1,390,000 after acquiring an additional 462 shares during the period. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Trading Up 1.3 %

Shares of Lockheed Martin stock opened at $503.19 on Tuesday. The company has a 50 day simple moving average of $499.24 and a two-hundred day simple moving average of $537.29. The firm has a market cap of $119.28 billion, a PE ratio of 18.22, a PEG ratio of 4.05 and a beta of 0.48. Lockheed Martin Co. has a 1 year low of $413.92 and a 1 year high of $618.95. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.30 and a quick ratio of 1.12.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Robert W. Baird increased their target price on shares of Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday, October 22nd. UBS Group raised their price objective on shares of Lockheed Martin from $589.00 to $603.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Barclays lowered their target price on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a report on Monday, January 6th. Deutsche Bank Aktiengesellschaft lowered 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 report on Thursday, January 2nd. Finally, Truist Financial started coverage on Lockheed Martin in a research note on Tuesday, January 14th. They set a “buy” rating and a $579.00 price objective on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Lockheed Martin currently has a consensus rating of “Moderate Buy” and an average price target 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.