Blue Trust Inc. Buys 1,760 Shares of Lockheed Martin Co. (NYSE:LMT)

Blue Trust Inc. raised its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 22.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,472 shares of the aerospace company’s stock after acquiring an additional 1,760 shares during the period. Blue Trust Inc.’s holdings in Lockheed Martin were worth $4,603,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in LMT. Itau Unibanco Holding S.A. bought a new stake in shares of Lockheed Martin during the 3rd quarter worth $26,000. Mattson Financial Services LLC bought a new stake in shares of Lockheed Martin during the 2nd quarter worth $27,000. Burkett Financial Services LLC bought a new stake in shares of Lockheed Martin during the 3rd quarter worth $32,000. Capital Performance Advisors LLP bought a new stake in shares of Lockheed Martin during the 3rd quarter worth $40,000. Finally, Legacy Investment Solutions LLC bought a new stake in shares of Lockheed Martin during the 3rd quarter worth $42,000. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Stock Down 0.1 %

LMT stock opened at $496.96 on Monday. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 2.66. The firm has a market capitalization of $117.80 billion, a PE ratio of 17.99, a PEG ratio of 4.05 and a beta of 0.48. Lockheed Martin Co. has a twelve month low of $413.92 and a twelve month high of $618.95. The stock has a 50-day simple moving average of $499.24 and a two-hundred day simple moving average of $536.76.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Barclays lowered their target price on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a research note on Monday, January 6th. Susquehanna lowered their target price on Lockheed Martin from $695.00 to $590.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. Robert W. Baird lifted their price objective on Lockheed Martin from $519.00 to $626.00 in a report on Tuesday, October 22nd. Citigroup decreased their price objective on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a report on Tuesday, January 21st. Finally, Truist Financial started coverage on Lockheed Martin in a report on Tuesday, January 14th. They issued a “buy” rating and a $579.00 price objective for the company. 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 given a strong buy rating to the company. According to data from MarketBeat, the company 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.