Indiana Trust & Investment Management CO Cuts Stake in Lockheed Martin Co. (NYSE:LMT)

Indiana Trust & Investment Management CO lessened its stake in Lockheed Martin Co. (NYSE:LMT) by 17.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 716 shares of the aerospace company’s stock after selling 156 shares during the quarter. Indiana Trust & Investment Management CO’s holdings in Lockheed Martin were worth $326,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. International Assets Investment Management LLC grew its stake in Lockheed Martin by 10,526.6% in the 4th quarter. International Assets Investment Management LLC now owns 1,362,228 shares of the aerospace company’s stock valued at $617,416,000 after acquiring an additional 1,349,409 shares during the last quarter. Franklin Resources Inc. grew its stake in Lockheed Martin by 14.9% in the 4th quarter. Franklin Resources Inc. now owns 2,589,447 shares of the aerospace company’s stock valued at $1,173,641,000 after acquiring an additional 336,588 shares during the last quarter. Confluence Investment Management LLC acquired a new stake in Lockheed Martin in the 1st quarter valued at about $151,402,000. Vanguard Group Inc. grew its stake in Lockheed Martin by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 22,302,719 shares of the aerospace company’s stock valued at $9,120,920,000 after acquiring an additional 279,162 shares during the last quarter. Finally, Corient Private Wealth LLC grew its stake in Lockheed Martin by 91.8% in the 4th quarter. Corient Private Wealth LLC now owns 574,017 shares of the aerospace company’s stock valued at $260,169,000 after acquiring an additional 274,680 shares during the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Trading Down 0.0 %

Shares of LMT stock traded down $0.03 during trading hours on Friday, hitting $467.10. 3,472,503 shares of the company were exchanged, compared to its average volume of 1,098,896. The firm has a market cap of $112.08 billion, a PE ratio of 17.04, a PEG ratio of 4.40 and a beta of 0.47. Lockheed Martin Co. has a 1 year low of $393.77 and a 1 year high of $479.50. The company has a quick ratio of 1.11, a current ratio of 1.30 and a debt-to-equity ratio of 2.89. The firm has a fifty day moving average of $464.56 and a 200 day moving average of $450.12.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 EPS for the quarter, beating the consensus estimate of $5.80 by $0.53. Lockheed Martin had a net margin of 9.73% and a return on equity of 85.96%. The firm had revenue of $17.20 billion for the quarter, compared to analyst estimates of $16.04 billion. During the same quarter last year, the firm posted $6.43 earnings per share. Lockheed Martin’s revenue for the quarter was up 13.7% compared to the same quarter last year. Analysts expect that Lockheed Martin Co. will post 26.17 earnings per share for the current year.

Lockheed Martin Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Tuesday, September 3rd will be issued a $3.15 dividend. This represents a $12.60 annualized dividend and a yield of 2.70%. Lockheed Martin’s payout ratio is 46.10%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. The Goldman Sachs Group lowered their price objective on shares of Lockheed Martin from $380.00 to $377.00 and set a “sell” rating on the stock in a research note on Tuesday, April 23rd. Wells Fargo & Company raised their price target on shares of Lockheed Martin from $460.00 to $480.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 25th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Lockheed Martin from $467.00 to $487.00 and gave the stock a “hold” rating in a research note on Thursday, April 25th. UBS Group raised their price target on shares of Lockheed Martin from $482.00 to $499.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Finally, JPMorgan Chase & Co. raised shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $475.00 to $518.00 in a research note on Monday, April 15th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $485.40.

Lockheed Martin Company Profile

Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.