PFG Investments LLC Boosts Stake in Lockheed Martin Co. (NYSE:LMT)

PFG Investments LLC grew its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 4.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,346 shares of the aerospace company’s stock after purchasing an additional 209 shares during the period. PFG Investments LLC’s holdings in Lockheed Martin were worth $2,598,000 at the end of the most recent quarter.

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

Lockheed Martin Stock Performance

Shares of LMT stock opened at $496.96 on Monday. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.12 and a current ratio of 1.30. Lockheed Martin Co. has a 52 week low of $413.92 and a 52 week high of $618.95. The company has a market capitalization of $117.80 billion, a P/E ratio of 17.99, a price-to-earnings-growth ratio of 4.05 and a beta of 0.48. The company’s 50 day moving average price is $499.24 and its two-hundred day moving average price is $536.76.

Analyst Upgrades and Downgrades

LMT has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating and dropped their price objective for the company from $611.00 to $523.00 in a research note on Thursday, January 2nd. Wells Fargo & Company reduced their price objective on shares of Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 8th. UBS Group increased their price target on shares of Lockheed Martin from $589.00 to $603.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. TD Cowen increased their price objective on shares of Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, Truist Financial started coverage on shares of Lockheed Martin in a research report on Tuesday, January 14th. They issued a “buy” rating and a $579.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Lockheed Martin currently 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.