Applied Capital LLC FL Cuts Position in Lockheed Martin Co. (NYSE:LMT)

Applied Capital LLC FL decreased its position in shares of Lockheed Martin Co. (NYSE:LMT) by 1.2% during the fourth quarter, HoldingsChannel reports. The firm owned 4,830 shares of the aerospace company’s stock after selling 60 shares during the period. Lockheed Martin makes up approximately 1.8% of Applied Capital LLC FL’s holdings, making the stock its 17th biggest holding. Applied Capital LLC FL’s holdings in Lockheed Martin were worth $2,347,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Itau Unibanco Holding S.A. purchased a new position in shares of Lockheed Martin during the 3rd quarter valued at about $26,000. Mattson Financial Services LLC bought a new position in Lockheed Martin during the second quarter valued at approximately $27,000. Burkett Financial Services LLC purchased a new position in shares of Lockheed Martin during the third quarter worth approximately $32,000. Capital Performance Advisors LLP bought a new stake in shares of Lockheed Martin in the 3rd quarter worth approximately $40,000. Finally, Legacy Investment Solutions LLC purchased a new stake in shares of Lockheed Martin in the 3rd quarter valued at $42,000. Institutional investors own 74.19% of the company’s stock.

Analyst Upgrades and Downgrades

LMT has been the subject of several recent research reports. TD Cowen boosted their price target on shares of Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Robert W. Baird boosted their target price on Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. Susquehanna reduced their price target on Lockheed Martin from $695.00 to $590.00 and set a “positive” rating on the stock in a research report on Wednesday, January 8th. StockNews.com downgraded Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 3rd. Finally, Citigroup cut their target price on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Lockheed Martin has an average rating of “Moderate Buy” and an average price target of $577.73.

Lockheed Martin Price Performance

Shares of NYSE LMT opened at $496.96 on Friday. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.30 and a quick ratio of 1.12. Lockheed Martin Co. has a 1 year low of $413.92 and a 1 year high of $618.95. The company’s 50-day moving average is $499.24 and its 200 day moving average is $536.23. The stock has a market capitalization of $117.80 billion, a P/E ratio of 17.99, a P/E/G ratio of 4.05 and a beta of 0.48.

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.