Lockheed Martin Co. (NYSE:LMT) Shares Bought by Tamar Securities LLC

Tamar Securities LLC increased its position in Lockheed Martin Co. (NYSE:LMT) by 3.2% in the 4th quarter, Holdings Channel reports. The firm owned 37,634 shares of the aerospace company’s stock after buying an additional 1,151 shares during the period. Lockheed Martin makes up 2.5% of Tamar Securities LLC’s holdings, making the stock its 16th biggest holding. Tamar Securities LLC’s holdings in Lockheed Martin were worth $18,288,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of LMT. Scientech Research LLC purchased a new stake in shares of Lockheed Martin in the second quarter valued at approximately $491,000. Algert Global LLC purchased a new stake in shares of Lockheed Martin during the 2nd quarter worth $277,000. Creative Planning grew its stake in shares of Lockheed Martin by 5.5% during the 2nd quarter. Creative Planning now owns 103,065 shares of the aerospace company’s stock worth $48,142,000 after purchasing an additional 5,390 shares during the period. Copperwynd Financial LLC increased its holdings in shares of Lockheed Martin by 22.3% in the 2nd quarter. Copperwynd Financial LLC now owns 549 shares of the aerospace company’s stock valued at $256,000 after purchasing an additional 100 shares in the last quarter. Finally, Silver Lake Advisory LLC purchased a new stake in Lockheed Martin during the second quarter worth about $578,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently commented on LMT shares. Deutsche Bank Aktiengesellschaft lowered Lockheed Martin from a “buy” rating to a “hold” rating and decreased their price target for the stock from $611.00 to $523.00 in a research note on Thursday, January 2nd. Citigroup lowered their target price on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a report on Tuesday, January 21st. Wells Fargo & Company cut their price target on Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 8th. Royal Bank of Canada lowered their price objective on shares of Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. Finally, Robert W. Baird lifted their target price on shares of Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday, October 22nd. 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 issued a strong buy rating to the company. Based on data from MarketBeat, Lockheed Martin currently has a consensus rating of “Moderate Buy” and an average target price of $577.73.

Lockheed Martin Stock Up 1.3 %

Shares of NYSE LMT opened at $503.19 on Tuesday. 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 1 year low of $413.92 and a 1 year high of $618.95. The stock’s 50-day simple moving average is $499.24 and its 200-day simple moving average is $537.29. The firm has a market cap of $119.28 billion, a price-to-earnings ratio of 18.22, a PEG 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.