Lockheed Martin Corporation $LMT Stock Position Lifted by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. increased its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 6.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 227,831 shares of the aerospace company’s stock after purchasing an additional 14,374 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Lockheed Martin were worth $113,736,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Old North State Wealth Management LLC boosted its position in Lockheed Martin by 2.0% during the 3rd quarter. Old North State Wealth Management LLC now owns 1,073 shares of the aerospace company’s stock valued at $539,000 after purchasing an additional 21 shares during the period. Broadway Wealth Solutions Inc. increased its holdings in shares of Lockheed Martin by 4.5% during the second quarter. Broadway Wealth Solutions Inc. now owns 511 shares of the aerospace company’s stock valued at $237,000 after purchasing an additional 22 shares during the period. Fairvoy Private Wealth LLC raised its position in shares of Lockheed Martin by 3.1% during the 2nd quarter. Fairvoy Private Wealth LLC now owns 775 shares of the aerospace company’s stock worth $359,000 after buying an additional 23 shares in the last quarter. Barnes Wealth Management Group Inc raised its holdings in Lockheed Martin by 4.2% during the second quarter. Barnes Wealth Management Group Inc now owns 567 shares of the aerospace company’s stock worth $263,000 after purchasing an additional 23 shares in the last quarter. Finally, Collective Family Office LLC raised its stake in shares of Lockheed Martin by 4.6% in the 3rd quarter. Collective Family Office LLC now owns 527 shares of the aerospace company’s stock worth $263,000 after buying an additional 23 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Stock Performance

Shares of Lockheed Martin stock opened at $590.91 on Wednesday. The firm has a market cap of $136.74 billion, a price-to-earnings ratio of 32.85, a price-to-earnings-growth ratio of 1.66 and a beta of 0.24. Lockheed Martin Corporation has a one year low of $410.11 and a one year high of $596.22. The stock’s 50-day moving average is $500.56 and its 200-day moving average is $477.85. The company has a debt-to-equity ratio of 3.32, a current ratio of 1.13 and a quick ratio of 0.97.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Jefferies Financial Group increased their target price on shares of Lockheed Martin from $500.00 to $540.00 and gave the company a “hold” rating in a research note on Monday, January 12th. Truist Financial set a $605.00 price target on Lockheed Martin and gave the stock a “buy” rating in a research note on Friday, January 9th. UBS Group upped their target price on shares of Lockheed Martin from $513.00 to $580.00 and gave the company a “neutral” rating in a research note on Thursday, January 15th. BNP Paribas Exane raised their price objective on Lockheed Martin from $550.00 to $570.00 and gave the stock an “outperform” rating in a research report on Thursday, January 8th. Finally, Royal Bank Of Canada lifted their target price on shares of Lockheed Martin from $440.00 to $525.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 7th. Five equities 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’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $543.82.

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.