TRU Independence Asset Management 2 LLC Has $881,000 Stock Position in Lockheed Martin Co. (NYSE:LMT)

TRU Independence Asset Management 2 LLC boosted its position in Lockheed Martin Co. (NYSE:LMT) by 6.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,813 shares of the aerospace company’s stock after buying an additional 114 shares during the period. TRU Independence Asset Management 2 LLC’s holdings in Lockheed Martin were worth $881,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Scientech Research LLC purchased a new position in shares of Lockheed Martin during the second quarter valued at approximately $491,000. Algert Global LLC purchased a new position in Lockheed Martin during the 2nd quarter worth $277,000. Creative Planning grew its stake in shares of Lockheed Martin by 5.5% in the 2nd quarter. Creative Planning now owns 103,065 shares of the aerospace company’s stock worth $48,142,000 after acquiring an additional 5,390 shares in the last quarter. Copperwynd Financial LLC raised its holdings in shares of Lockheed Martin by 22.3% in the second quarter. Copperwynd Financial LLC now owns 549 shares of the aerospace company’s stock valued at $256,000 after purchasing an additional 100 shares during the last quarter. Finally, Silver Lake Advisory LLC bought a new position in shares of Lockheed Martin during the second quarter valued at about $578,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Stock Performance

NYSE LMT opened at $503.19 on Tuesday. The company has a 50-day simple moving average of $499.24 and a two-hundred day simple moving average of $537.29. Lockheed Martin Co. has a 12-month low of $413.92 and a 12-month high of $618.95. The firm has a market cap of $119.28 billion, a price-to-earnings ratio of 18.22, a PEG ratio of 4.05 and a beta of 0.48. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 2.66.

Wall Street Analysts Forecast Growth

LMT has been the subject of several analyst reports. TD Cowen increased their price objective 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. Robert W. Baird lifted their price target on Lockheed Martin from $519.00 to $626.00 in a report on Tuesday, October 22nd. Truist Financial started coverage on Lockheed Martin in a research note on Tuesday, January 14th. They issued a “buy” rating and a $579.00 price objective for the company. Wells Fargo & Company lowered their price objective on shares of Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 8th. Finally, Royal Bank of Canada decreased their price target on shares of Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $577.73.

Lockheed Martin 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.