Patton Albertson Miller Group LLC Has $391,000 Holdings in Lockheed Martin Co. (NYSE:LMT)

Patton Albertson Miller Group LLC lifted its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 130.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 805 shares of the aerospace company’s stock after buying an additional 455 shares during the quarter. Patton Albertson Miller Group LLC’s holdings in Lockheed Martin were worth $391,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Itau Unibanco Holding S.A. acquired a new stake in Lockheed Martin in the third quarter worth $26,000. Mattson Financial Services LLC acquired a new stake in shares of Lockheed Martin in the 2nd quarter valued at about $27,000. Burkett Financial Services LLC bought a new stake in Lockheed Martin in the 3rd quarter valued at about $32,000. Capital Performance Advisors LLP acquired a new position in Lockheed Martin during the 3rd quarter worth approximately $40,000. Finally, Legacy Investment Solutions LLC bought a new position in Lockheed Martin in the third quarter worth approximately $42,000. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

Shares of Lockheed Martin stock opened at $496.96 on Friday. The firm 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 has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 2.66. The business’s fifty day simple moving average is $499.24 and its 200 day simple moving average is $536.23. Lockheed Martin Co. has a 12 month low of $413.92 and a 12 month high of $618.95.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on LMT shares. Truist Financial began coverage on Lockheed Martin in a research report on Tuesday, January 14th. They set a “buy” rating and a $579.00 target price on the stock. TD Cowen upped their price objective on shares of Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Robert W. Baird lifted their price objective on shares of Lockheed Martin from $519.00 to $626.00 in a report on Tuesday, October 22nd. Royal Bank of Canada lowered their target price on shares of Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. Finally, UBS Group lifted their price target on Lockheed Martin from $589.00 to $603.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average 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.