Lockheed Martin Corporation $LMT Shares Bought by Truist Financial Corp

Truist Financial Corp lifted its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 5.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 295,219 shares of the aerospace company’s stock after buying an additional 14,336 shares during the quarter. Truist Financial Corp owned approximately 0.13% of Lockheed Martin worth $147,376,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. Brighton Jones LLC increased its stake in Lockheed Martin by 5.0% in the fourth quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock valued at $1,941,000 after purchasing an additional 191 shares during the last quarter. Sivia Capital Partners LLC boosted its stake in Lockheed Martin by 5.4% in the 2nd quarter. Sivia Capital Partners LLC now owns 973 shares of the aerospace company’s stock worth $451,000 after buying an additional 50 shares during the last quarter. Integrity Financial Corp WA acquired a new position in shares of Lockheed Martin during the 2nd quarter valued at about $206,000. First County Bank CT acquired a new position in shares of Lockheed Martin during the 2nd quarter valued at about $228,000. Finally, Sound Income Strategies LLC lifted its holdings in shares of Lockheed Martin by 19.4% during the 2nd quarter. Sound Income Strategies LLC now owns 1,916 shares of the aerospace company’s stock worth $887,000 after acquiring an additional 311 shares during the period. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Wall Street Analyst Weigh In

LMT has been the subject of a number of recent analyst reports. BNP Paribas Exane boosted their target price on shares of Lockheed Martin from $550.00 to $570.00 and gave the company an “outperform” rating in a report on Thursday, January 8th. Royal Bank Of Canada boosted their price objective on shares of Lockheed Martin from $440.00 to $525.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 7th. Morgan Stanley restated an “equal weight” rating and set a $543.00 price objective (down from $630.00) on shares of Lockheed Martin in a report on Tuesday, December 16th. Robert W. Baird lifted their target price on Lockheed Martin from $550.00 to $640.00 and gave the company an “outperform” rating in a report on Friday, January 16th. Finally, TD Cowen boosted their price target on Lockheed Martin from $520.00 to $600.00 and gave the company a “hold” rating in a research report on Wednesday, January 14th. Five investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Lockheed Martin currently has a consensus rating of “Hold” and an average price target of $543.82.

Lockheed Martin Price Performance

LMT stock opened at $595.03 on Wednesday. The firm has a market cap of $137.69 billion, a P/E ratio of 33.22, a price-to-earnings-growth ratio of 1.66 and a beta of 0.24. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.97 and a current ratio of 1.13. Lockheed Martin Corporation has a 1 year low of $410.11 and a 1 year high of $596.22. The stock has a 50-day simple moving average of $500.56 and a 200-day simple moving average of $477.85.

About Lockheed Martin

Lockheed Martin Corporation (NYSE: LMT) is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.

Lockheed Martin’s product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.