Kingswood Wealth Advisors LLC Has $4.87 Million Stake in Lockheed Martin Co. (NYSE:LMT)

Kingswood Wealth Advisors LLC raised its position in shares of Lockheed Martin Co. (NYSE:LMT) by 3.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,023 shares of the aerospace company’s stock after acquiring an additional 290 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Lockheed Martin were worth $4,871,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

LMT has been the subject of a number of research reports. StockNews.com cut shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Friday, January 3rd. Barclays decreased their target price on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a research report on Monday, January 6th. Deutsche Bank Aktiengesellschaft downgraded Lockheed Martin from a “buy” rating to a “hold” rating and dropped their price target for the stock from $611.00 to $523.00 in a research note on Thursday, January 2nd. Royal Bank of Canada reduced their price objective on Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. Finally, UBS Group upped their target price on Lockheed Martin from $589.00 to $603.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $577.73.

Lockheed Martin Trading Down 0.1 %

NYSE:LMT opened at $496.96 on Monday. Lockheed Martin Co. has a 52 week low of $413.92 and a 52 week high of $618.95. The firm has a 50-day moving average price of $499.24 and a two-hundred day moving average price of $536.76. 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 cap of $117.80 billion, a price-to-earnings ratio of 17.99, a price-to-earnings-growth ratio of 4.05 and a beta of 0.48.

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.