After this evening's -1.8% drop to $487.84 per share, Lockheed Martin might just keep moving past its target price of $491.38. With an average analyst rating of hold, and target prices from $349.0 to $575.0, the stock's next move is anyone's guess.
The stock has a very low short interest at 1.3%, and a short ratio of 2.22. At 0.07%, the company's rate of insider ownership does not indicate that management is heavily invested in the corporation. Finally, we also note that an average number of institutional investors are invested in the stock, with 78.2% of Lockheed Martin's shares being owned by this investor type.
Institutions Invested in Lockheed Martin
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2022-12-31 | State Street Corporation | 15% | 37,795,804 | $18,438,304,884 |
| 2022-12-31 | Vanguard Group, Inc. (The) | 9% | 22,748,440 | $11,097,598,886 |
| 2022-12-31 | Blackrock Inc. | 7% | 17,834,881 | $8,700,568,281 |
| 2022-12-31 | Capital World Investors | 4% | 10,874,833 | $5,305,178,490 |
| 2022-12-31 | FMR, LLC | 3% | 7,253,447 | $3,538,521,557 |
| 2022-12-31 | Charles Schwab Investment Management, Inc. | 2% | 5,849,054 | $2,853,402,481 |
| 2022-12-31 | Bank of America Corporation | 2% | 5,673,046 | $2,767,538,739 |
| 2022-12-31 | Morgan Stanley | 2% | 5,320,080 | $2,595,347,807 |
| 2022-12-31 | Geode Capital Management, LLC | 2% | 4,387,684 | $2,140,487,746 |
| 2022-12-31 | Capital Research Global Investors | 1% | 3,428,975 | $1,672,791,151 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on Lockheed Martin.
