Avantax Planning Partners Inc. Purchases 6,618 Shares of Lockheed Martin Corporation $LMT

Avantax Planning Partners Inc. increased its position in Lockheed Martin Corporation (NYSE:LMT) by 52.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,324 shares of the aerospace company’s stock after buying an additional 6,618 shares during the quarter. Avantax Planning Partners Inc.’s holdings in Lockheed Martin were worth $9,647,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in LMT. OneAscent Family Office LLC acquired a new stake in Lockheed Martin in the third quarter valued at $209,000. Shoker Investment Counsel Inc. boosted its stake in shares of Lockheed Martin by 1,348.0% in the 3rd quarter. Shoker Investment Counsel Inc. now owns 6,878 shares of the aerospace company’s stock valued at $3,434,000 after purchasing an additional 6,403 shares during the last quarter. Alaska Wealth Advisors acquired a new position in Lockheed Martin in the third quarter valued at $203,000. Keynote Financial Services LLC lifted its holdings in Lockheed Martin by 36.3% in the third quarter. Keynote Financial Services LLC now owns 2,994 shares of the aerospace company’s stock valued at $1,495,000 after buying an additional 798 shares during the period. Finally, MBM Wealth Consultants LLC boosted its position in Lockheed Martin by 11.9% during the third quarter. MBM Wealth Consultants LLC now owns 3,463 shares of the aerospace company’s stock valued at $1,729,000 after acquiring an additional 367 shares during the last quarter. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

LMT opened at $590.30 on Monday. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year high of $596.22. The company has a market cap of $136.59 billion, a price-to-earnings ratio of 32.96, a PEG ratio of 1.69 and a beta of 0.24. The company’s fifty day moving average price is $495.94 and its two-hundred day moving average price is $476.13. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 3.32.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Sanford C. Bernstein reissued a “market perform” rating and issued a $586.00 price objective on shares of Lockheed Martin in a research report on Monday, January 12th. Morgan Stanley reaffirmed an “equal weight” rating and set a $543.00 target price (down previously from $630.00) on shares of Lockheed Martin in a research note on Tuesday, December 16th. Susquehanna reiterated a “positive” rating and issued a $660.00 target price on shares of Lockheed Martin in a report on Thursday, January 15th. UBS Group increased their target price on shares of Lockheed Martin from $513.00 to $580.00 and gave the stock a “neutral” rating in a research note on Thursday, January 15th. Finally, BNP Paribas Exane lifted their price target on shares of Lockheed Martin from $550.00 to $570.00 and gave the company an “outperform” rating in a research note on Thursday, January 8th. Five research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Lockheed Martin presently has a consensus rating of “Hold” and a consensus price target of $543.82.

About Lockheed Martin

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.