Lockheed Martin Corporation $LMT Shares Sold by Vanguard Personalized Indexing Management LLC

Key Points

• Vanguard Personalized Indexing Management LLC cut its stake in Lockheed Martin by 13.1%, selling 4,345 shares in Q3 and leaving 28,947 shares valued at $14,464,000 according to the latest SEC filing.
• Other institutional moves included sizable increases and new positions (e.g., Avantax +52.1% to 19,324 shares; Shoker Investment Counsel +1,348% to 6,878 shares), and institutions now own 74.19% of the stock.
• Lockheed Martin is trading near $590 (52‑week high $596.22) with a market cap of about $136.6B, and analysts' consensus is a "Hold" with an average price target of $543.82, though several firms have recently raised targets.

Vanguard Personalized Indexing Management LLC reduced its position in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 13.1% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 28,947 shares of the aerospace company's stock after selling 4,345 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in Lockheed Martin were worth $14,464,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Avantax Planning Partners Inc. raised its holdings in Lockheed Martin by 52.1% during the third quarter. Avantax Planning Partners Inc. now owns 19,324 shares of the aerospace company's stock worth $9,647,000 after purchasing an additional 6,618 shares in the last quarter. OneAscent Family Office LLC purchased a new position in shares of Lockheed Martin during the 3rd quarter worth approximately $209,000. Shoker Investment Counsel Inc. lifted its holdings in shares of Lockheed Martin by 1,348.0% in the 3rd quarter. Shoker Investment Counsel Inc. now owns 6,878 shares of the aerospace company's stock valued at $3,434,000 after buying an additional 6,403 shares during the period. Alaska Wealth Advisors purchased a new stake in shares of Lockheed Martin in the third quarter valued at approximately $203,000. Finally, Keynote Financial Services LLC grew its holdings in Lockheed Martin by 36.3% during the third quarter. Keynote Financial Services LLC now owns 2,994 shares of the aerospace company's stock worth $1,495,000 after acquiring an additional 798 shares during the period. Institutional investors and hedge funds own 74.19% of the company's stock.

Lockheed Martin Stock Performance

Lockheed Martin stock opened at $590.30 on Monday. Lockheed Martin Corporation has a fifty-two week low of $410.11 and a fifty-two week high of $596.22. The company has a market capitalization of $136.59 billion, a price-to-earnings ratio of 32.96, a PEG ratio of 1.69 and a beta of 0.24. The stock has a fifty day moving average of $495.94 and a two-hundred day moving average of $476.13. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.97 and a current ratio of 1.13.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. TD Cowen raised their target price on Lockheed Martin from $520.00 to $600.00 and gave the company a "hold" rating in a report on Wednesday, January 14th. Citigroup raised their price objective on shares of Lockheed Martin from $505.00 to $592.00 and gave the company a "neutral" rating in a research note on Tuesday, January 13th. JPMorgan Chase & Co. restated a "neutral" rating and set a $515.00 target price (up from $465.00) on shares of Lockheed Martin in a research report on Friday, December 19th. Morgan Stanley reiterated an "equal weight" rating and set a $543.00 price target (down from $630.00) on shares of Lockheed Martin in a research report on Tuesday, December 16th. Finally, Sanford C. Bernstein restated a "market perform" rating and issued a $586.00 price target on shares of Lockheed Martin in a report on Monday, January 12th. Five equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $543.82.

Lockheed Martin Profile

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.

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