Wells Fargo & Company downgraded shares of Lockheed Martin (NYSE:LMT – Get Rating) from an equal weight rating to an underweight rating in a research report sent to investors on Wednesday morning, MarketBeat Ratings reports. The brokerage currently has $415.00 target price on the aerospace company's stock.

LMT has been the subject of a number of other reports. StockNews.com upgraded shares of Lockheed Martin from a buy rating to a strong-buy rating in a research note on Friday, September 23rd. Royal Bank of Canada assumed coverage on shares of Lockheed Martin in a research note on Monday, August 29th. They set a sector perform rating and a $460.00 target price for the company. Finally, Morgan Stanley decreased their target price on shares of Lockheed Martin from $525.00 to $522.00 and set an overweight rating for the company in a research note on Wednesday, July 20th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $453.58.

Lockheed Martin Stock Up 0.1 %

NYSE:LMT opened at $400.00 on Wednesday. The firm has a 50-day simple moving average of $420.73 and a two-hundred day simple moving average of $430.14. The firm has a market cap of $106.06 billion, a P/E ratio of 23.15, a P/E/G ratio of 2.79 and a beta of 0.66. Lockheed Martin has a fifty-two week low of $324.23 and a fifty-two week high of $479.99. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.06 and a current ratio of 1.27.

Insider Buying and Selling at Lockheed Martin

In other Lockheed Martin news, EVP Gregory M. Ulmer sold 6,929 shares of the stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $423.87, for a total transaction of $2,936,995.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Gregory M. Ulmer sold 6,929 shares of the stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $423.87, for a total value of $2,936,995.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John Donovan purchased 632 shares of the stock in a transaction that occurred on Wednesday, July 20th. The stock was acquired at an average cost of $396.16 per share, with a total value of $250,373.12. Following the acquisition, the director now owns 1,200 shares in the company, valued at approximately $475,392. The disclosure for this purchase can be found here. Insiders own 0.17% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Capital World Investors lifted its stake in shares of Lockheed Martin by 19.0% during the 1st quarter. Capital World Investors now owns 16,021,414 shares of the aerospace company's stock worth $7,071,954,000 after acquiring an additional 2,558,881 shares during the last quarter. GQG Partners LLC bought a new position in Lockheed Martin in the 1st quarter valued at $763,213,000. Vanguard Group Inc. grew its position in Lockheed Martin by 8.3% in the 1st quarter. Vanguard Group Inc. now owns 22,579,851 shares of the aerospace company's stock valued at $9,966,746,000 after acquiring an additional 1,727,343 shares during the last quarter. FMR LLC grew its position in Lockheed Martin by 39.9% in the 2nd quarter. FMR LLC now owns 5,966,076 shares of the aerospace company's stock valued at $2,565,175,000 after acquiring an additional 1,701,615 shares during the last quarter. Finally, Invesco Ltd. grew its position in Lockheed Martin by 49.6% in the 1st quarter. Invesco Ltd. now owns 1,858,507 shares of the aerospace company's stock valued at $820,347,000 after acquiring an additional 615,798 shares during the last quarter. Institutional investors own 75.50% of the company's stock.

Lockheed Martin Company Profile

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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. It operates through four segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space.

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