Lockheed Martin stock is trading -10.5% below its average target price of $491.25 after dropping -4.2% during today's morning session. Analysts are giving the large-cap Defense company an average rating of hold and target prices ranging from $380.0 to $550.0 per share.
Lockheed Martin's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 1.1%. The stock's short ratio is 2.03. At 0.07%, the company's rate of insider ownership does not indicate that management is heavily invested in the corporation.
Another number to watch is the company's rate of institutional share ownership, which now stands at 74.8%. In conclusion, we believe there is mixed market sentiment regarding Lockheed Martin.
Institutions Invested in Lockheed Martin
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-09-30 | State Street Corporation | 15% | 37,470,687 | $16,474,737,456 |
| 2023-09-30 | Vanguard Group Inc | 9% | 22,302,719 | $9,805,836,762 |
| 2023-09-30 | Blackrock Inc. | 7% | 16,819,274 | $7,394,930,425 |
| 2023-09-30 | Capital World Investors | 2% | 5,935,372 | $2,609,605,086 |
| 2023-09-30 | Charles Schwab Investment Management, Inc. | 2% | 5,686,937 | $2,500,375,667 |
| 2023-09-30 | FMR, LLC | 2% | 5,328,058 | $2,342,587,332 |
| 2023-09-30 | Morgan Stanley | 2% | 5,058,236 | $2,223,954,690 |
| 2023-09-30 | Geode Capital Management, LLC | 2% | 4,524,768 | $1,989,404,807 |
| 2023-09-30 | Bank of America Corporation | 1% | 3,274,141 | $1,439,541,617 |
| 2023-09-30 | Wellington Management Group, LLP | 1% | 3,158,783 | $1,388,822,164 |
