Thomasville National Bank Sells 70 Shares of Lockheed Martin Co. (NYSE:LMT)

Thomasville National Bank lessened its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 0.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,980 shares of the aerospace company’s stock after selling 70 shares during the quarter. Thomasville National Bank’s holdings in Lockheed Martin were worth $4,364,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Itau Unibanco Holding S.A. bought a new position in Lockheed Martin during the third quarter valued at approximately $26,000. Mattson Financial Services LLC bought a new position in shares of Lockheed Martin in the second quarter valued at approximately $27,000. Burkett Financial Services LLC bought a new position in shares of Lockheed Martin in the third quarter valued at approximately $32,000. Capital Performance Advisors LLP bought a new position in shares of Lockheed Martin in the third quarter valued at approximately $40,000. Finally, Legacy Investment Solutions LLC acquired a new stake in Lockheed Martin during the third quarter worth $42,000. Institutional investors own 74.19% of the company’s stock.

Analysts Set New Price Targets

LMT has been the subject of a number of research analyst reports. Wells Fargo & Company cut their price target on Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating for the company in a report on Wednesday, January 8th. Royal Bank of Canada cut their price target on Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. UBS Group lifted their price target on Lockheed Martin from $589.00 to $603.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Robert W. Baird boosted their price objective on Lockheed Martin from $519.00 to $626.00 in a report on Tuesday, October 22nd. Finally, Susquehanna dropped their price objective on Lockheed Martin from $695.00 to $590.00 and set a “positive” rating for the company in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Lockheed Martin has a consensus rating of “Moderate Buy” and an average price target of $591.21.

Lockheed Martin Stock Up 2.5 %

NYSE:LMT traded up $11.54 during trading hours on Monday, reaching $479.59. 433,226 shares of the stock were exchanged, compared to its average volume of 1,036,986. Lockheed Martin Co. has a twelve month low of $413.92 and a twelve month high of $618.95. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.30 and a quick ratio of 1.12. The firm has a 50 day moving average of $511.39 and a 200 day moving average of $535.35. The stock has a market cap of $113.68 billion, a PE ratio of 17.36, a PEG ratio of 4.05 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share for the quarter, topping analysts’ consensus estimates of $6.50 by $0.34. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The firm had revenue of $17.10 billion during the quarter, compared to the consensus estimate of $17.38 billion. During the same quarter in the prior year, the firm posted $6.77 EPS. The business’s revenue was up 1.3% on a year-over-year basis. On average, equities analysts expect that Lockheed Martin Co. will post 26.88 earnings per share for the current year.

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.