Farmers Trust Co. Reduces Stock Position in Lockheed Martin Co. (NYSE:LMT)

Farmers Trust Co. reduced its position in Lockheed Martin Co. (NYSE:LMT) by 3.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,994 shares of the aerospace company’s stock after selling 320 shares during the period. Farmers Trust Co.’s holdings in Lockheed Martin were worth $4,371,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Itau Unibanco Holding S.A. purchased a new position in shares of Lockheed Martin during the 3rd quarter worth $26,000. Burkett Financial Services LLC purchased a new stake in Lockheed Martin in the third quarter worth about $32,000. Mattson Financial Services LLC purchased a new position in shares of Lockheed Martin during the 2nd quarter valued at about $27,000. Sachetta LLC increased its holdings in Lockheed Martin by 50.0% in the 2nd quarter. Sachetta LLC now owns 60 shares of the aerospace company’s stock worth $28,000 after acquiring an additional 20 shares in the last quarter. Finally, Capital Performance Advisors LLP purchased a new position in Lockheed Martin during the third quarter valued at approximately $40,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Trading Up 0.7 %

Shares of LMT traded up $3.10 during trading hours on Wednesday, reaching $467.06. 612,821 shares of the company traded hands, compared to its average volume of 1,066,597. The stock’s fifty day moving average price is $516.04 and its 200 day moving average price is $535.36. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 2.66. The firm has a market cap of $110.71 billion, a price-to-earnings ratio of 16.91, a PEG ratio of 4.05 and a beta of 0.48. Lockheed Martin Co. has a 12-month low of $413.92 and a 12-month high of $618.95.

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

Analyst Upgrades and Downgrades

LMT has been the subject of a number of analyst reports. TD Cowen increased their price target on Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Wells Fargo & Company dropped their price target on Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating for the company in a research note on Wednesday. Susquehanna lowered their target price on shares of Lockheed Martin from $695.00 to $590.00 and set a “positive” rating on the stock in a report on Wednesday. UBS Group raised their price objective on Lockheed Martin from $589.00 to $603.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Finally, StockNews.com downgraded Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 3rd. One equities 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 issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $591.21.

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.