Clarendon Private LLC Acquires New Position in Lockheed Martin Co. (NYSE:LMT)

Clarendon Private LLC purchased a new stake in shares of Lockheed Martin Co. (NYSE:LMT) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 607 shares of the aerospace company’s stock, valued at approximately $295,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Itau Unibanco Holding S.A. bought a new position in Lockheed Martin during the 3rd quarter worth about $26,000. Mattson Financial Services LLC purchased a new stake in shares of Lockheed Martin during the 2nd quarter worth $27,000. Burkett Financial Services LLC purchased a new position in shares of Lockheed Martin in the 3rd quarter worth approximately $32,000. Capital Performance Advisors LLP acquired a new position in shares of Lockheed Martin during the third quarter worth $40,000. Finally, Legacy Investment Solutions LLC acquired a new position in Lockheed Martin during the 3rd quarter valued at about $42,000. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Trading Down 0.1 %

Shares of Lockheed Martin stock opened at $496.96 on Friday. Lockheed Martin Co. has a fifty-two week low of $413.92 and a fifty-two week high of $618.95. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.12 and a current ratio of 1.30. The firm has a market capitalization of $117.80 billion, a price-to-earnings ratio of 17.99, a PEG ratio of 4.05 and a beta of 0.48. The stock has a 50 day moving average of $499.24 and a 200 day moving average of $536.23.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. UBS Group upped their price objective on shares of Lockheed Martin from $589.00 to $603.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft lowered Lockheed Martin from a “buy” rating to a “hold” rating and reduced their target price for the stock from $611.00 to $523.00 in a research note on Thursday, January 2nd. 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. Truist Financial started coverage on Lockheed Martin in a report on Tuesday, January 14th. They issued a “buy” rating and a $579.00 price target for the company. Finally, JPMorgan Chase & Co. lowered their price target 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. One analyst has rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average 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.