Lockheed Martin Corporation (NYSE:LMT) Sees Positive Investment Sentiment and Price Target Increase

Core Viewpoint - Lockheed Martin Corporation is experiencing increased institutional interest, with a positive price target set by Truist Financial, indicating potential growth in its stock value. Group 1: Company Overview - Lockheed Martin Corporation (NYSE:LMT) is a leading aerospace and defense company known for its advanced technology systems and services, operating in segments such as aeronautics, missiles, and space [1] - The company competes with major defense contractors like Boeing and Northrop Grumman [1] Group 2: Price Target and Stock Performance - Truist Financial has set a new price target for Lockheed Martin at $695, suggesting a potential increase of 9.41% from its current trading price of $635.24 [1][5] - Lockheed Martin's stock is currently priced at $633.28, reflecting a 1.73% increase or $10.77, with a trading range today between $615.51 and $641.19 [4] Group 3: Institutional Investment Activity - Alpha Cubed Investments LLC has increased its holdings in Lockheed Martin by 105%, now owning 60,601 shares valued at approximately $30.25 million, representing 1.1% of its portfolio [2] - Valley Wealth Managers Inc. has also increased its stake in Lockheed Martin by 3.7%, now holding 8,010 shares valued at around $4 million, indicating growing interest among hedge funds in the aerospace sector [3]