Stablepoint Partners LLC Boosts Stake in Lockheed Martin Corporation $LMT

Stablepoint Partners LLC boosted its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 6.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,871 shares of the aerospace company’s stock after purchasing an additional 913 shares during the quarter. Lockheed Martin makes up 1.2% of Stablepoint Partners LLC’s portfolio, making the stock its 17th biggest holding. Stablepoint Partners LLC’s holdings in Lockheed Martin were worth $7,424,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Barnes Dennig Private Wealth Management LLC lifted its stake in shares of Lockheed Martin by 285.7% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the aerospace company’s stock valued at $27,000 after purchasing an additional 40 shares in the last quarter. Grey Fox Wealth Advisors LLC bought a new stake in Lockheed Martin during the third quarter valued at $27,000. Mid American Wealth Advisory Group Inc. acquired a new stake in shares of Lockheed Martin during the second quarter worth $28,000. Twin Peaks Wealth Advisors LLC acquired a new stake in Lockheed Martin during the second quarter worth about $29,000. Finally, Frazier Financial Advisors LLC bought a new position in Lockheed Martin in the second quarter worth about $34,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

NYSE LMT opened at $581.62 on Tuesday. 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 fifty-two week low of $410.11 and a fifty-two week high of $596.22. The firm’s fifty day moving average price is $498.14 and its two-hundred day moving average price is $476.96. The stock has a market cap of $134.59 billion, a PE ratio of 32.47, a PEG ratio of 1.69 and a beta of 0.24.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Sanford C. Bernstein restated a “market perform” rating and issued a $586.00 target price on shares of Lockheed Martin in a research report on Monday, January 12th. TD Cowen lifted their price objective on Lockheed Martin from $520.00 to $600.00 and gave the stock a “hold” rating in a research note on Wednesday, January 14th. Susquehanna reaffirmed a “positive” rating and set a $660.00 price objective on shares of Lockheed Martin in a report on Thursday, January 15th. Citigroup lifted their price target on Lockheed Martin from $505.00 to $592.00 and gave the company a “neutral” rating in a report on Tuesday, January 13th. Finally, Wall Street Zen lowered Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 13th. Five equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $543.82.

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.