Chilton Capital Management LLC Grows Position in Lockheed Martin Corporation $LMT

Chilton Capital Management LLC grew its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 627.6% in the third quarter, HoldingsChannel.com reports. The fund owned 3,638 shares of the aerospace company’s stock after purchasing an additional 3,138 shares during the period. Chilton Capital Management LLC’s holdings in Lockheed Martin were worth $1,816,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. CFS Investment Advisory Services LLC increased its holdings in shares of Lockheed Martin by 14.5% in the 3rd quarter. CFS Investment Advisory Services LLC now owns 878 shares of the aerospace company’s stock worth $426,000 after buying an additional 111 shares during the last quarter. National Wealth Management Group LLC purchased a new position in Lockheed Martin in the third quarter worth $436,000. Avantax Planning Partners Inc. increased its stake in Lockheed Martin by 52.1% in the third quarter. Avantax Planning Partners Inc. now owns 19,324 shares of the aerospace company’s stock valued at $9,647,000 after acquiring an additional 6,618 shares during the last quarter. OneAscent Family Office LLC bought a new position in Lockheed Martin in the third quarter valued at $209,000. Finally, Shoker Investment Counsel Inc. raised its position in Lockheed Martin by 1,348.0% during the third quarter. Shoker Investment Counsel Inc. now owns 6,878 shares of the aerospace company’s stock valued at $3,434,000 after purchasing an additional 6,403 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

LMT has been the subject of a number of research reports. Sanford C. Bernstein reiterated a “market perform” rating and issued a $586.00 price objective on shares of Lockheed Martin in a report on Monday, January 12th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $515.00 target price (up previously from $465.00) on shares of Lockheed Martin in a research note on Friday, December 19th. The Goldman Sachs Group lifted their price target on shares of Lockheed Martin from $398.00 to $425.00 and gave the stock a “sell” rating in a research note on Friday, October 10th. Wall Street Zen cut shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 13th. Finally, UBS Group increased their target price on shares of Lockheed Martin from $513.00 to $580.00 and gave the company a “neutral” rating in a report on Thursday, January 15th. Five investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $543.82.

Lockheed Martin Stock Down 1.6%

Shares of NYSE:LMT opened at $581.62 on Tuesday. The stock’s 50-day moving average is $498.14 and its 200 day moving average is $476.96. The company has a market cap of $134.59 billion, a PE ratio of 32.47, a P/E/G ratio of 1.69 and a beta of 0.24. The company has a debt-to-equity ratio of 3.32, a current ratio of 1.13 and a quick ratio of 0.97. Lockheed Martin Corporation has a 1 year low of $410.11 and a 1 year high of $596.22.

About Lockheed Martin

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.