Granite Group Advisors LLC Increases Holdings in Lockheed Martin Corporation $LMT

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Granite Group Advisors LLC significantly increased its stake in Lockheed Martin Corporation (LMT) by 51.8% in Q4, acquiring an additional 1,652 shares to reach a total of 4,840 shares valued at $2.341 million. This increase positions LMT as Granite Group Advisors’ 20th largest holding, comprising about 1.3% of its portfolio, reflecting confidence in Lockheed Martin’s future amidst positive industry trends like increased Pentagon contracts and Precision Strike Missile production. Despite a recent earnings per share miss, the company reported strong revenue, declared a quarterly dividend of $3.45, and has seen analysts like Susquehanna raise price targets, maintaining a consensus “Hold” rating with an average target price near $623.

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