1834 Investment Advisors Co. Lowers Position in Lockheed Martin Co. (NYSE:LMT)

1834 Investment Advisors Co. lessened its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 10.2% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 14,378 shares of the aerospace company’s stock after selling 1,634 shares during the period. 1834 Investment Advisors Co.’s holdings in Lockheed Martin were worth $6,987,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Itau Unibanco Holding S.A. bought a new position in shares of Lockheed Martin during the 3rd quarter valued at approximately $26,000. Mattson Financial Services LLC purchased a new position in Lockheed Martin during the second quarter valued at approximately $27,000. Burkett Financial Services LLC bought a new position in shares of Lockheed Martin in the third quarter worth approximately $32,000. Capital Performance Advisors LLP purchased a new stake in shares of Lockheed Martin in the third quarter worth $40,000. Finally, Legacy Investment Solutions LLC bought a new stake in shares of Lockheed Martin during the 3rd quarter valued at $42,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

Lockheed Martin stock opened at $496.96 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 2.66. Lockheed Martin Co. has a twelve month low of $413.92 and a twelve month high of $618.95. The company’s 50-day moving average price is $499.24 and its 200-day moving average price is $536.23. The company has a market cap of $117.80 billion, a PE ratio of 17.99, a price-to-earnings-growth ratio of 4.05 and a beta of 0.48.

Analysts Set New Price Targets

Several research analysts recently weighed in on LMT shares. Barclays dropped their target price on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a report on Monday, January 6th. Deutsche Bank Aktiengesellschaft lowered Lockheed Martin from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $611.00 to $523.00 in a research note on Thursday, January 2nd. StockNews.com downgraded Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 3rd. Truist Financial initiated coverage on Lockheed Martin in a research note on Tuesday, January 14th. They issued a “buy” rating and a $579.00 price target for the company. Finally, UBS Group lifted their price objective on shares of Lockheed Martin from $589.00 to $603.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. One research 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. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $577.73.

About Lockheed Martin

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.