Institutional Investors Boost Lockheed Martin Amid Strong Earnings and Upgrades

Recent developments surrounding Lockheed Martin Corporation highlight a trend of increased investment from institutional investors. FourThought Financial Partners LLC raised its stake by 3.1%, owning over 31,000 shares valued at approximately $13.9 million.

Similarly, GLOBALT Investments LLC increased its holdings, reflecting growing confidence in the aerospace giant. Lockheed Martin's stock recently saw a modest rise of 1.5%, trading around $426.88, while the company's quarterly earnings surpassed expectations with revenues of $18.16 billion.

Despite this positive performance, analysts maintain a consensus 'hold' rating, with some adjusting their price targets downward. Notably, Morgan Stanley has taken a more optimistic stance, upgrading the stock to 'overweight' with a target of $575.

With a current dividend yield of 3.13% and a strong institutional ownership rate of 74.19%, Lockheed Martin remains a focal point for investors navigating the aerospace sector.