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flag Investment firms boost stakes in Lockheed Martin, despite StockNews.com downgrading its rating to "hold."

flag Arete Wealth Advisors and Annis Gardner Whiting Capital Advisors have increased their stakes in Lockheed Martin. flag The aerospace company reported EPS of $7.67 for the quarter, beating estimates by $1.09. flag Despite this, StockNews.com downgraded Lockheed Martin's rating to "hold" with a price target of $539.53. flag The company has a market cap of $106.52 billion and a PE ratio of 20.40.

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