Lockheed Martin Co. (NYSE:LMT) Shares Sold by UMB Bank n.a.

UMB Bank n.a. reduced its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 34.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 16,277 shares of the aerospace company’s stock after selling 8,648 shares during the quarter. UMB Bank n.a.’s holdings in Lockheed Martin were worth $7,910,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Itau Unibanco Holding S.A. acquired a new position in Lockheed Martin during the third quarter worth about $26,000. Burkett Financial Services LLC acquired a new position in Lockheed Martin during the third quarter worth about $32,000. Mattson Financial Services LLC acquired a new position in Lockheed Martin during the second quarter worth about $27,000. Capital Performance Advisors LLP acquired a new position in Lockheed Martin during the third quarter worth about $40,000. Finally, Legacy Investment Solutions LLC acquired a new position in Lockheed Martin during the third quarter worth about $42,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

LMT has been the topic of several recent research reports. Susquehanna reduced their price target on shares of Lockheed Martin from $695.00 to $590.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating and reduced their price target for the company from $611.00 to $523.00 in a report on Thursday, January 2nd. UBS Group upped their price target on shares of Lockheed Martin from $589.00 to $603.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Wells Fargo & Company reduced their price target on shares of Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 8th. Finally, Truist Financial initiated coverage on shares of Lockheed Martin in a report on Tuesday, January 14th. They issued a “buy” rating and a $579.00 price target on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $584.40.

Lockheed Martin Stock Performance

NYSE:LMT opened at $490.60 on Monday. 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 market cap of $116.29 billion, a P/E ratio of 17.76, a P/E/G ratio of 3.76 and a beta of 0.48. Lockheed Martin Co. has a fifty-two week low of $413.92 and a fifty-two week high of $618.95. The firm’s 50 day moving average is $504.80 and its two-hundred day moving average is $535.54.

Lockheed Martin (NYSE:LMT) last posted 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. The company had revenue of $17.10 billion for the quarter, compared to the consensus estimate of $17.38 billion. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. Lockheed Martin’s revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the firm posted $6.77 earnings per share. Analysts expect that Lockheed Martin Co. will post 26.89 EPS for the current year.

About Lockheed Martin

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.