Applied Capital LLC FL Cuts Holdings in Lockheed Martin Co. (NYSE:LMT)

Applied Capital LLC FL decreased its position in Lockheed Martin Co. (NYSE:LMTFree Report) by 1.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,830 shares of the aerospace company’s stock after selling 60 shares during the period. Lockheed Martin accounts for 1.8% of Applied Capital LLC FL’s investment portfolio, making the stock its 17th biggest holding. Applied Capital LLC FL’s holdings in Lockheed Martin were worth $2,347,000 at the end of the most recent quarter.

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

Lockheed Martin Price Performance

Lockheed Martin stock opened at $496.96 on Friday. The stock 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 has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 2.66. The business has a 50-day simple moving average of $499.24 and a 200 day simple moving average of $536.23. Lockheed Martin Co. has a 52 week low of $413.92 and a 52 week high of $618.95.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on LMT. 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. Royal Bank of Canada cut their price target on Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. UBS Group boosted their price objective on Lockheed Martin from $589.00 to $603.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. TD Cowen increased their target price on shares of Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, Barclays lowered 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. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Lockheed Martin has an average rating of “Moderate Buy” and a consensus price target of $577.73.

Check Out Our Latest Research Report on Lockheed Martin

Lockheed Martin Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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