CFS Investment Advisory Services LLC Purchases 21 Shares of Lockheed Martin Co. (NYSE:LMT)

CFS Investment Advisory Services LLC lifted its position in shares of Lockheed Martin Co. (NYSE:LMT) by 2.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,091 shares of the aerospace company’s stock after buying an additional 21 shares during the quarter. CFS Investment Advisory Services LLC’s holdings in Lockheed Martin were worth $530,000 at the end of the most recent quarter.

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

Lockheed Martin Stock Performance

LMT opened at $496.96 on Friday. Lockheed Martin Co. has a 1-year low of $413.92 and a 1-year high of $618.95. The company has a market cap of $117.80 billion, a price-to-earnings ratio of 17.99, a PEG ratio of 4.05 and a beta of 0.48. The company’s fifty day moving average price is $499.24 and its two-hundred day moving average price is $536.23. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 2.66.

Analysts Set New Price Targets

LMT has been the topic of a number of recent analyst reports. Barclays dropped their price target 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. Truist Financial began coverage on shares of Lockheed Martin in a research report on Tuesday, January 14th. They set a “buy” rating and a $579.00 price target on the stock. TD Cowen lifted their price objective on Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Susquehanna cut their target price on Lockheed Martin from $695.00 to $590.00 and set a “positive” rating on the stock in a research report on Wednesday, January 8th. Finally, 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 report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Lockheed Martin currently has a consensus rating of “Moderate Buy” and a consensus target price of $577.73.

Lockheed Martin 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.