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Meritage Portfolio Management Raises Stake in Lockheed Martin Corporation $LMT
Meritage Portfolio Management significantly increased its holdings in Lockheed Martin Corporation (LMT) by 950.3% in the fourth quarter, now owning 5,577 shares valued at approximately $2.697 million. This increased stake comes amidst positive operational news, including new defense contracts and a GPS satellite launch, which have boosted investor interest despite a recent EPS miss. Analysts currently maintain a “Hold” rating for LMT with a consensus target price of $645.79.