Shoker Investment Counsel Inc. Has $3.43 Million Holdings in Lockheed Martin Corporation $LMT

Shoker Investment Counsel Inc. increased its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 1,348.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,878 shares of the aerospace company’s stock after acquiring an additional 6,403 shares during the quarter. Lockheed Martin comprises about 1.0% of Shoker Investment Counsel Inc.’s investment portfolio, making the stock its 25th largest holding. Shoker Investment Counsel Inc.’s holdings in Lockheed Martin were worth $3,434,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Lockheed Martin by 1.0% in the second quarter. Vanguard Group Inc. now owns 21,697,527 shares of the aerospace company’s stock valued at $10,048,993,000 after buying an additional 214,565 shares in the last quarter. Geode Capital Management LLC raised its holdings in Lockheed Martin by 0.4% in the 2nd quarter. Geode Capital Management LLC now owns 4,884,954 shares of the aerospace company’s stock valued at $2,256,147,000 after acquiring an additional 19,459 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Lockheed Martin by 0.6% during the 2nd quarter. Legal & General Group Plc now owns 959,510 shares of the aerospace company’s stock valued at $444,387,000 after acquiring an additional 6,073 shares during the period. AQR Capital Management LLC grew its holdings in shares of Lockheed Martin by 6.9% during the 2nd quarter. AQR Capital Management LLC now owns 863,839 shares of the aerospace company’s stock worth $400,079,000 after purchasing an additional 55,607 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in shares of Lockheed Martin by 16.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 761,382 shares of the aerospace company’s stock worth $347,381,000 after purchasing an additional 108,553 shares in the last quarter. Institutional investors own 74.19% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on LMT shares. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $515.00 price objective (up previously from $465.00) on shares of Lockheed Martin in a research report on Friday, December 19th. TD Cowen boosted their target price on shares of Lockheed Martin from $520.00 to $600.00 and gave the company a “hold” rating in a research report on Wednesday, January 14th. The Goldman Sachs Group increased their price target on shares of Lockheed Martin from $398.00 to $425.00 and gave the stock a “sell” rating in a research report on Friday, October 10th. Truist Financial set a $605.00 price objective on shares of Lockheed Martin and gave the company a “buy” rating in a research note on Friday, January 9th. Finally, Sanford C. Bernstein restated a “market perform” rating and set a $586.00 price objective on shares of Lockheed Martin in a research report on Monday, January 12th. Five analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Lockheed Martin currently has a consensus rating of “Hold” and an average price target of $543.82.

Lockheed Martin Stock Performance

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

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.