Perigon Wealth Management LLC Has $10.08 Million Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

Perigon Wealth Management LLC boosted its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 30.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 20,707 shares of the aerospace company’s stock after acquiring an additional 4,792 shares during the period. Perigon Wealth Management LLC’s holdings in Lockheed Martin were worth $10,081,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of LMT. Virtue Capital Management LLC boosted its position in shares of Lockheed Martin by 112.8% during the third quarter. Virtue Capital Management LLC now owns 2,249 shares of the aerospace company’s stock worth $1,315,000 after purchasing an additional 1,192 shares in the last quarter. Bank of Montreal Can boosted its position in shares of Lockheed Martin by 2.1% during the third quarter. Bank of Montreal Can now owns 656,807 shares of the aerospace company’s stock worth $382,498,000 after purchasing an additional 13,253 shares in the last quarter. Hilltop Holdings Inc. boosted its position in shares of Lockheed Martin by 79.9% during the third quarter. Hilltop Holdings Inc. now owns 12,068 shares of the aerospace company’s stock worth $7,054,000 after purchasing an additional 5,361 shares in the last quarter. Capital Investment Advisors LLC boosted its position in shares of Lockheed Martin by 2.2% during the fourth quarter. Capital Investment Advisors LLC now owns 92,131 shares of the aerospace company’s stock worth $44,770,000 after purchasing an additional 2,011 shares in the last quarter. Finally, Old West Investment Management LLC boosted its position in shares of Lockheed Martin by 6.6% during the third quarter. Old West Investment Management LLC now owns 26,633 shares of the aerospace company’s stock worth $15,569,000 after purchasing an additional 1,643 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Trading Up 1.3 %

Shares of NYSE:LMT opened at $503.19 on Tuesday. The company’s 50-day moving average price is $499.24 and its two-hundred day moving average price is $537.29. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.30 and a quick ratio of 1.12. Lockheed Martin Co. has a one year low of $413.92 and a one year high of $618.95. The stock has a market capitalization of $119.28 billion, a PE ratio of 18.22, a price-to-earnings-growth ratio of 4.05 and a beta of 0.48.

Wall Street Analysts Forecast Growth

LMT has been the topic of a number of recent analyst reports. Royal Bank of Canada reduced their price target on shares of Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. UBS Group lifted their price target on shares of Lockheed Martin from $589.00 to $603.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Citigroup cut their price objective on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a research report on Tuesday, January 21st. Wells Fargo & Company cut 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 report on Wednesday, January 8th. Finally, Barclays cut their price objective on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a research report on Monday, January 6th. One analyst has rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Lockheed Martin has a consensus rating of “Moderate Buy” and a consensus price target 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.