Core Alternative Capital Cuts Stake in Lockheed Martin Corporation $LMT

Core Alternative Capital cut its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 14.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,917 shares of the aerospace company’s stock after selling 1,643 shares during the period. Core Alternative Capital’s holdings in Lockheed Martin were worth $4,951,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Brighton Jones LLC raised its position in shares of Lockheed Martin by 5.0% in the 4th quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock valued at $1,941,000 after purchasing an additional 191 shares during the last quarter. Sivia Capital Partners LLC raised its holdings in shares of Lockheed Martin by 5.4% in the second quarter. Sivia Capital Partners LLC now owns 973 shares of the aerospace company’s stock worth $451,000 after buying an additional 50 shares during the last quarter. Integrity Financial Corp WA acquired a new stake in shares of Lockheed Martin during the second quarter worth $206,000. First County Bank CT purchased a new stake in shares of Lockheed Martin during the second quarter valued at $228,000. Finally, Sound Income Strategies LLC increased its position in shares of Lockheed Martin by 19.4% in the 2nd quarter. Sound Income Strategies LLC now owns 1,916 shares of the aerospace company’s stock valued at $887,000 after acquiring an additional 311 shares during the period. Institutional investors and hedge funds own 74.19% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on LMT. Morgan Stanley reaffirmed an “equal weight” rating and set a $543.00 price target (down previously from $630.00) on shares of Lockheed Martin in a research report on Tuesday, December 16th. TD Cowen increased their price target on shares of Lockheed Martin from $520.00 to $600.00 and gave the stock a “hold” rating in a report on Wednesday, January 14th. Robert W. Baird raised their price target on shares of Lockheed Martin from $550.00 to $640.00 and gave the stock an “outperform” rating in a research report on Friday, January 16th. UBS Group upped their price objective on shares of Lockheed Martin from $513.00 to $580.00 and gave the company a “neutral” rating in a report on Thursday, January 15th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Lockheed Martin from $517.00 to $492.00 and set a “hold” rating on the stock in a research note on Wednesday, December 10th. Five investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $543.82.

Lockheed Martin Stock Up 2.3%

LMT stock opened at $595.03 on Wednesday. Lockheed Martin Corporation has a one year low of $410.11 and a one year high of $596.22. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.97 and a current ratio of 1.13. The firm’s fifty day moving average is $500.56 and its 200 day moving average is $477.85. The firm has a market cap of $137.69 billion, a PE ratio of 33.22, a P/E/G ratio of 1.66 and a beta of 0.24.

Lockheed Martin 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.