Stablepoint Partners LLC Purchases 66 Shares of Lockheed Martin Co. (NYSE:LMT)

Stablepoint Partners LLC increased its position in shares of Lockheed Martin Co. (NYSE:LMT) by 0.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 13,081 shares of the aerospace company’s stock after buying an additional 66 shares during the period. Lockheed Martin accounts for about 1.2% of Stablepoint Partners LLC’s investment portfolio, making the stock its 19th largest holding. Stablepoint Partners LLC’s holdings in Lockheed Martin were worth $6,357,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Itau Unibanco Holding S.A. bought a new position in shares of Lockheed Martin during the 3rd quarter worth approximately $26,000. Mattson Financial Services LLC acquired a new position in Lockheed Martin during the second quarter worth $27,000. Burkett Financial Services LLC bought a new position in shares of Lockheed Martin during the third quarter valued at $32,000. Capital Performance Advisors LLP acquired a new stake in shares of Lockheed Martin in the 3rd quarter valued at $40,000. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of Lockheed Martin in the 3rd quarter valued at $42,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Trading Down 0.1 %

Shares of NYSE LMT opened at $496.96 on Friday. The company’s 50 day simple moving average is $499.24 and its 200 day simple moving average is $536.23. 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 fifty-two week low of $413.92 and a fifty-two week high of $618.95. The firm has a market capitalization of $117.80 billion, a P/E ratio of 17.99, a P/E/G ratio of 4.05 and a beta of 0.48.

Analyst Ratings Changes

LMT has been the subject of several analyst reports. Robert W. Baird lifted their price target on shares of Lockheed Martin from $519.00 to $626.00 in a report on Tuesday, October 22nd. StockNews.com cut Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Friday, January 3rd. JPMorgan Chase & Co. lowered their target price on Lockheed Martin from $546.00 to $540.00 and set an “overweight” rating for the company in a research note on Thursday, January 16th. Citigroup reduced their price target 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. Finally, Wells Fargo & Company lowered their price objective on shares of Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 8th. One 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 assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $577.73.

Lockheed Martin Company Profile

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.