Lockheed Martin Corporation $LMT Stake Lessened by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC cut its stake in Lockheed Martin Corporation (NYSE:LMT) by 6.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,232 shares of the aerospace company’s stock after selling 1,646 shares during the period. Mutual of America Capital Management LLC’s holdings in Lockheed Martin were worth $11,098,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its stake in Lockheed Martin by 5.0% during the fourth quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock valued at $1,941,000 after buying an additional 191 shares in the last quarter. Sivia Capital Partners LLC raised its position in shares of Lockheed Martin by 5.4% during the 2nd quarter. Sivia Capital Partners LLC now owns 973 shares of the aerospace company’s stock valued at $451,000 after acquiring an additional 50 shares in the last quarter. Integrity Financial Corp WA bought a new position in Lockheed Martin during the second quarter worth $206,000. Tempus Wealth Planning LLC boosted its holdings in Lockheed Martin by 6.3% in the second quarter. Tempus Wealth Planning LLC now owns 1,156 shares of the aerospace company’s stock worth $535,000 after purchasing an additional 68 shares during the period. Finally, Smith Salley Wealth Management increased its stake in Lockheed Martin by 5.5% during the second quarter. Smith Salley Wealth Management now owns 4,934 shares of the aerospace company’s stock valued at $2,285,000 after purchasing an additional 257 shares during the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on LMT shares. Weiss Ratings restated a “hold (c)” rating on shares of Lockheed Martin in a research report on Wednesday, October 8th. Royal Bank Of Canada raised their target price on shares of Lockheed Martin from $440.00 to $525.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 7th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $515.00 target price (up from $465.00) on shares of Lockheed Martin in a report on Friday, December 19th. The Goldman Sachs Group raised their price target on Lockheed Martin from $398.00 to $425.00 and gave the stock a “sell” rating in a report on Friday, October 10th. Finally, Wall Street Zen downgraded Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 13th. Five research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $543.82.

Lockheed Martin Stock Down 1.6%

Shares of Lockheed Martin stock opened at $581.62 on Tuesday. The company has a debt-to-equity ratio of 3.32, a current ratio of 1.13 and a quick ratio of 0.97. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year high of $596.22. The business’s fifty day moving average price is $498.14 and its two-hundred day moving average price is $476.96. The company has a market capitalization of $134.59 billion, a P/E ratio of 32.47, a PEG ratio of 1.69 and a beta of 0.24.

Lockheed Martin Company Profile

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.