Lockheed Martin Co. (NYSE:LMT) Shares Purchased by Novare Capital Management LLC

Novare Capital Management LLC raised its position in Lockheed Martin Co. (NYSE:LMT) by 2.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,358 shares of the aerospace company’s stock after purchasing an additional 49 shares during the period. Novare Capital Management LLC’s holdings in Lockheed Martin were worth $1,146,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in LMT. Itau Unibanco Holding S.A. purchased a new position in Lockheed Martin during the 3rd quarter valued at about $26,000. Mattson Financial Services LLC purchased a new position in shares of Lockheed Martin during the 2nd quarter worth approximately $27,000. Burkett Financial Services LLC acquired a new position in shares of Lockheed Martin during the 3rd quarter worth approximately $32,000. Capital Performance Advisors LLP purchased a new stake in Lockheed Martin in the 3rd quarter valued at approximately $40,000. Finally, Legacy Investment Solutions LLC acquired a new stake in Lockheed Martin during the 3rd quarter valued at $42,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Price Performance

Shares of Lockheed Martin stock opened at $496.96 on Friday. The stock has a market capitalization of $117.80 billion, a P/E ratio of 17.99, a PEG ratio of 4.05 and a beta of 0.48. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 2.66. The business’s fifty day moving average price is $499.24 and its 200 day moving average price is $536.23. Lockheed Martin Co. has a twelve month low of $413.92 and a twelve month high of $618.95.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on LMT shares. StockNews.com cut Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Friday, January 3rd. Citigroup cut their target price on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a research note on Tuesday, January 21st. UBS Group raised their price target on shares of Lockheed Martin from $589.00 to $603.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Barclays cut their price objective on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a research report on Monday, January 6th. Finally, Susquehanna decreased their target price on shares of Lockheed Martin from $695.00 to $590.00 and set a “positive” rating on the stock in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, five have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $577.73.

About Lockheed Martin

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.