National Wealth Management Group LLC Buys Shares of 873 Lockheed Martin Corporation $LMT

National Wealth Management Group LLC purchased a new position in shares of Lockheed Martin Corporation (NYSE:LMT) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 873 shares of the aerospace company’s stock, valued at approximately $436,000.

A number of other institutional investors have also recently made changes to their positions in LMT. Brighton Jones LLC raised its stake in Lockheed Martin by 5.0% in the fourth quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock valued at $1,941,000 after buying an additional 191 shares during the last quarter. Sivia Capital Partners LLC grew its position in Lockheed Martin by 5.4% during the 2nd quarter. Sivia Capital Partners LLC now owns 973 shares of the aerospace company’s stock worth $451,000 after purchasing an additional 50 shares during the last quarter. Integrity Financial Corp WA acquired a new position in Lockheed Martin during the 2nd quarter valued at approximately $206,000. Tempus Wealth Planning LLC raised its holdings in shares of Lockheed Martin by 6.3% in the second quarter. Tempus Wealth Planning LLC now owns 1,156 shares of the aerospace company’s stock worth $535,000 after buying an additional 68 shares during the last quarter. Finally, Smith Salley Wealth Management lifted its stake in shares of Lockheed Martin by 5.5% during the second quarter. Smith Salley Wealth Management now owns 4,934 shares of the aerospace company’s stock worth $2,285,000 after buying an additional 257 shares during the period. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Stock Down 1.6%

LMT stock opened at $581.62 on Tuesday. Lockheed Martin Corporation has a 52 week low of $410.11 and a 52 week high of $596.22. The company has a quick ratio of 0.97, a current ratio of 1.13 and a debt-to-equity ratio of 3.32. The firm has a 50-day simple moving average of $498.14 and a 200-day simple moving average of $476.96. The stock has a market capitalization of $134.59 billion, a P/E ratio of 32.47, a P/E/G ratio of 1.69 and a beta of 0.24.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on LMT shares. TD Cowen upped their target price on Lockheed Martin from $520.00 to $600.00 and gave the company a “hold” rating in a research report on Wednesday, January 14th. Robert W. Baird raised their price objective on Lockheed Martin from $550.00 to $640.00 and gave the stock an “outperform” rating in a research note on Friday, January 16th. Citigroup lifted their target price on Lockheed Martin from $505.00 to $592.00 and gave the stock a “neutral” rating in a report on Tuesday, January 13th. Morgan Stanley reiterated 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, Susquehanna reaffirmed a “positive” rating and issued a $660.00 price objective on shares of Lockheed Martin in a report on Thursday, January 15th. Five equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus 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.