Foundations Investment Advisors LLC Increases Stake in Lockheed Martin Co. (NYSE:LMT)

Foundations Investment Advisors LLC lifted its stake in Lockheed Martin Co. (NYSE:LMT) by 21.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 21,431 shares of the aerospace company’s stock after purchasing an additional 3,727 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Lockheed Martin were worth $10,414,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Itau Unibanco Holding S.A. acquired a new stake in shares of Lockheed Martin during the 3rd quarter worth approximately $26,000. Mattson Financial Services LLC acquired a new stake in shares of Lockheed Martin during the 2nd quarter worth approximately $27,000. Burkett Financial Services LLC acquired a new stake in shares of Lockheed Martin during the 3rd quarter worth approximately $32,000. Capital Performance Advisors LLP acquired a new stake in shares of Lockheed Martin during the 3rd quarter worth approximately $40,000. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of Lockheed Martin during the 3rd quarter worth approximately $42,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Stock Performance

Shares of LMT opened at $501.40 on Monday. The stock has a 50 day moving average price of $499.24 and a 200 day moving average price of $537.29. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 2.66. The company has a market capitalization of $118.85 billion, a price-to-earnings ratio of 18.15, a price-to-earnings-growth ratio of 4.05 and a beta of 0.48. Lockheed Martin Co. has a 52-week low of $413.92 and a 52-week high of $618.95.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on LMT. Citigroup dropped their price objective on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a research note on Tuesday, January 21st. TD Cowen lifted their price target on shares of Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. dropped their price target on shares of Lockheed Martin from $546.00 to $540.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. Robert W. Baird lifted their price target on shares of Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. Finally, Barclays reduced their price target on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Lockheed Martin has an average rating of “Moderate Buy” and an average price target of $577.73.

Lockheed Martin Company Profile

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.