2 weeks Ago By ABMN Staff
B. Riley Wealth Advisors Inc. reduced its stake in Lockheed Martin Co.
( NYSE:LMT – Free Report ) by 7.3% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 16,043 shares of the aerospace company’s stock after selling 1,270 shares during the period.
B. Riley Wealth Advisors Inc.’s holdings in Lockheed Martin were worth $7,494,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its holdings in shares of Lockheed Martin by 130.0% in the second quarter.
GAMMA Investing LLC now owns 3,572 shares of the aerospace company’s stock valued at $1,668,000 after purchasing an additional 2,019 shares during the period. Morningstar Investment Services LLC lifted its position in Lockheed Martin by 99.6% in the fourth quarter.
Morningstar Investment Services LLC now owns 147,811 shares of the aerospace company’s stock valued at $66,697,000 after buying an additional 73,774 shares during the last quarter. Brevan Howard Capital Management LP boosted its stake in Lockheed Martin by 414.2% during the fourth quarter.
Brevan Howard Capital Management LP now owns 7,121 shares of the aerospace company’s stock worth $3,228,000 after buying an additional 5,736 shares during the period. New Mexico Educational Retirement Board raised its stake in shares of Lockheed Martin by 20.5% in the 1st quarter.
New Mexico Educational Retirement Board now owns 14,097 shares of the aerospace company’s stock valued at $6,222,000 after acquiring an additional 2,400 shares during the period. Finally, Buck Wealth Strategies LLC acquired a new position in shares of Lockheed Martin in the 2nd quarter worth approximately $6,611,000. 74.
19% of the stock is currently owned by hedge funds and other institutional investors. Lockheed Martin Trading Up 0.9 % Shares of NYSE:LMT opened at $582.
36 on Monday. Lockheed Martin Co. has a 52 week low of $393.
77 and a 52 week high of $584.07. The company’s 50 day moving average is $556.
36 and its two-hundred day moving average is $494.27. The company has a market cap of $139.
73 billion, a PE ratio of 21.31, a P/E/G ratio of 4.66 and a beta of 0.
47. The company has a current ratio of 1.24, a quick ratio of 1.
07 and a debt-to-equity ratio of 3.10. Analyst Ratings Changes A number of research analysts have commented on the company.
Royal Bank of Canada upgraded Lockheed Martin from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $500.00 to $600.00 in a research note on Monday, August 5th.
JPMorgan Chase & Co. increased their target price on Lockheed Martin from $518.00 to $560.
00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. Wells Fargo & Company lifted their target price on Lockheed Martin from $483.00 to $525.
00 and gave the company an “equal weight” rating in a research report on Wednesday, July 24th. Susquehanna increased their price target on shares of Lockheed Martin from $540.00 to $565.
00 and gave the stock a “positive” rating in a research report on Wednesday, July 24th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Lockheed Martin from a “hold” rating to a “buy” rating and lifted their price objective for the company from $540.00 to $600.
00 in a report on Friday, July 26th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.
com, the company has an average rating of “Moderate Buy” and a consensus target price of $553.43. View Our Latest Analysis on LMT Insider Activity In related news, insider Timothy S.
Cahill sold 3,975 shares of the business’s stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $515.36, for a total transaction of $2,048,556.
00. Following the completion of the sale, the insider now owns 8,877 shares in the company, valued at $4,574,850.72.
The transaction was disclosed in a document filed with the SEC, which is available through the SEC website . Company insiders own 0.17% of the company’s stock.
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. Featured Articles Want to see what other hedge funds are holding LMT? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Lockheed Martin Co. ( NYSE:LMT – Free Report ). Receive News & Ratings for Lockheed Martin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lockheed Martin and related companies with MarketBeat.
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