Red Cedar Investment Management LLC Has $207,000 Stock Holdings in Lockheed Martin Corporation $LMT

Red Cedar Investment Management LLC cut its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 87.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 414 shares of the aerospace company’s stock after selling 2,860 shares during the quarter. Red Cedar Investment Management LLC’s holdings in Lockheed Martin were worth $207,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in LMT. Barnes Dennig Private Wealth Management LLC grew its holdings in shares of Lockheed Martin by 285.7% during the third quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the aerospace company’s stock valued at $27,000 after buying an additional 40 shares in the last quarter. Grey Fox Wealth Advisors LLC acquired a new stake in Lockheed Martin during the 3rd quarter worth about $27,000. Mid American Wealth Advisory Group Inc. acquired a new stake in shares of Lockheed Martin during the second quarter worth approximately $28,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Lockheed Martin during the 2nd quarter valued at $29,000. Finally, Frazier Financial Advisors LLC acquired a new stake in Lockheed Martin during the second quarter valued at $34,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on LMT. Susquehanna reiterated a “positive” rating and issued a $660.00 price objective on shares of Lockheed Martin in a report on Thursday, January 15th. Deutsche Bank Aktiengesellschaft dropped their price objective on Lockheed Martin from $517.00 to $492.00 and set a “hold” rating for the company in a research note on Wednesday, December 10th. UBS Group raised their price target on Lockheed Martin from $513.00 to $580.00 and gave the company a “neutral” rating in a report on Thursday, January 15th. Wall Street Zen lowered shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 13th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $543.00 price target (down previously from $630.00) on shares of Lockheed Martin in a research report on Tuesday, December 16th. Five analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $543.82.

Lockheed Martin Trading Down 1.6%

LMT stock opened at $581.62 on Tuesday. The company has a market capitalization of $134.59 billion, a PE ratio of 32.47, a price-to-earnings-growth ratio of 1.69 and a beta of 0.24. Lockheed Martin Corporation has a 52 week low of $410.11 and a 52 week high of $596.22. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.97 and a current ratio of 1.13. The company’s 50-day simple moving average is $498.14 and its 200 day simple moving average is $476.96.

Lockheed Martin Company 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.