Lockheed Martin Co. (NYSE:LMT) Stake Boosted by FARMERS & MERCHANTS TRUST Co OF LONG BEACH

FARMERS & MERCHANTS TRUST Co OF LONG BEACH increased its stake in Lockheed Martin Co. (NYSE:LMT) by 3.6% during the 4th quarter, HoldingsChannel reports. The firm owned 2,503 shares of the aerospace company’s stock after acquiring an additional 88 shares during the period. FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings in Lockheed Martin were worth $1,216,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Itau Unibanco Holding S.A. bought a new stake in Lockheed Martin in the third quarter valued at $26,000. Burkett Financial Services LLC bought a new position in shares of Lockheed Martin during the third quarter worth about $32,000. Mattson Financial Services LLC acquired a new stake in shares of Lockheed Martin in the 2nd quarter worth about $27,000. Capital Performance Advisors LLP bought a new stake in Lockheed Martin in the 3rd quarter valued at about $40,000. Finally, Legacy Investment Solutions LLC acquired a new position in Lockheed Martin during the 3rd quarter valued at about $42,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on LMT. Susquehanna cut their price target on Lockheed Martin from $695.00 to $590.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. JPMorgan Chase & Co. cut their target price on Lockheed Martin from $546.00 to $540.00 and set an “overweight” rating on the stock in a research note on Thursday. Citigroup boosted their price target on Lockheed Martin from $570.00 to $700.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Royal Bank of Canada lowered their price target on Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. Finally, Wells Fargo & Company reduced their price objective on shares of Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating for the company in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Lockheed Martin presently has a consensus rating of “Moderate Buy” and a consensus target price of $584.40.

Lockheed Martin Trading Up 0.8 %

Shares of NYSE:LMT opened at $490.60 on Friday. The stock has a market capitalization of $116.29 billion, a price-to-earnings ratio of 17.76, a PEG ratio of 3.76 and a beta of 0.48. Lockheed Martin Co. has a 1-year low of $413.92 and a 1-year high of $618.95. The company has a 50 day moving average price of $506.28 and a 200 day moving average price of $534.89. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.12 and a current ratio of 1.30.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share for the quarter, topping the consensus estimate of $6.50 by $0.34. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The business had revenue of $17.10 billion during the quarter, compared to analyst estimates of $17.38 billion. During the same period last year, the company posted $6.77 EPS. The company’s revenue was up 1.3% compared to the same quarter last year. On average, research analysts anticipate that Lockheed Martin Co. will post 26.89 EPS for the current fiscal 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.