Global Assets Advisory LLC Sells 1,748 Shares of Lockheed Martin Corporation $LMT

Global Assets Advisory LLC lessened its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 62.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,031 shares of the aerospace company’s stock after selling 1,748 shares during the period. Global Assets Advisory LLC’s holdings in Lockheed Martin were worth $515,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Barnes Dennig Private Wealth Management LLC lifted its position in shares of Lockheed Martin by 285.7% in the third quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the aerospace company’s stock worth $27,000 after buying an additional 40 shares in the last quarter. Grey Fox Wealth Advisors LLC bought a new stake in Lockheed Martin in the 3rd quarter worth approximately $27,000. Mid American Wealth Advisory Group Inc. bought a new stake in Lockheed Martin in the 2nd quarter worth approximately $28,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Lockheed Martin during the 2nd quarter worth approximately $29,000. Finally, Frazier Financial Advisors LLC bought a new position in shares of Lockheed Martin during the 2nd quarter valued at approximately $34,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

LMT stock opened at $590.30 on Monday. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $596.22. The firm 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 business’s fifty day simple moving average is $495.94 and its two-hundred day simple moving average is $476.13. The company has a quick ratio of 0.97, a current ratio of 1.13 and a debt-to-equity ratio of 3.32.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on LMT shares. Royal Bank Of Canada boosted their price target on shares of Lockheed Martin from $440.00 to $525.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 7th. Susquehanna reissued a “positive” rating and issued a $660.00 price objective on shares of Lockheed Martin in a research note on Thursday, January 15th. Truist Financial set a $605.00 target price on shares of Lockheed Martin and gave the company a “buy” rating in a research report on Friday, January 9th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $543.00 price target (down previously from $630.00) on shares of Lockheed Martin in a report on Tuesday, December 16th. Finally, UBS Group lifted their price target on Lockheed Martin from $513.00 to $580.00 and gave the stock a “neutral” rating in a research report on Thursday, January 15th. Five investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price 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.