Lockheed Martin Co. (NYSE:LMT) Stock Holdings Lifted by Bath Savings Trust Co

Bath Savings Trust Co raised its position in shares of Lockheed Martin Co. (NYSE:LMT) by 7.5% in the fourth quarter, Holdings Channel reports. The firm owned 10,820 shares of the aerospace company’s stock after buying an additional 758 shares during the period. Bath Savings Trust Co’s holdings in Lockheed Martin were worth $5,258,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Lantz Financial LLC boosted its holdings in Lockheed Martin by 2.6% in the second quarter. Lantz Financial LLC now owns 4,882 shares of the aerospace company’s stock worth $2,281,000 after purchasing an additional 123 shares in the last quarter. Savant Capital LLC increased its holdings in shares of Lockheed Martin by 12.4% during the 2nd quarter. Savant Capital LLC now owns 7,715 shares of the aerospace company’s stock valued at $3,604,000 after acquiring an additional 852 shares during the last quarter. Strategic Financial Concepts LLC raised its stake in shares of Lockheed Martin by 27,457.9% in the 2nd quarter. Strategic Financial Concepts LLC now owns 132,278 shares of the aerospace company’s stock valued at $618,000 after acquiring an additional 131,798 shares in the last quarter. Chris Bulman Inc acquired a new stake in Lockheed Martin in the 2nd quarter worth approximately $62,000. Finally, Acadian Asset Management LLC grew its holdings in Lockheed Martin by 31.0% during the second quarter. Acadian Asset Management LLC now owns 33,130 shares of the aerospace company’s stock valued at $15,467,000 after purchasing an additional 7,847 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on LMT. StockNews.com cut shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Friday. Royal Bank of Canada cut their target price on shares of Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. Susquehanna dropped their price objective on Lockheed Martin from $705.00 to $695.00 and set a “positive” rating on the stock in a research note on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft downgraded Lockheed Martin from a “buy” rating to a “hold” rating and decreased their target price for the company from $611.00 to $523.00 in a research note on Thursday, January 2nd. Finally, Robert W. Baird lifted their price target on Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $601.79.

Lockheed Martin Stock Performance

Lockheed Martin stock traded down $0.75 on Tuesday, hitting $465.25. The company’s stock had a trading volume of 630,823 shares, compared to its average volume of 1,021,735. Lockheed Martin Co. has a one year low of $413.92 and a one year high of $618.95. The firm has a market cap of $110.28 billion, a P/E ratio of 16.84, a price-to-earnings-growth ratio of 4.05 and a beta of 0.48. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 2.66. The company has a fifty day moving average price of $517.70 and a 200-day moving average price of $535.38.

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

Lockheed Martin 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.