Lockheed Martin Co. (NYSE:LMT) Stock Position Lowered by Trust Co. of Vermont

Trust Co. of Vermont reduced its position in shares of Lockheed Martin Co. (NYSE:LMT) by 0.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 13,961 shares of the aerospace company’s stock after selling 47 shares during the quarter. Trust Co. of Vermont’s holdings in Lockheed Martin were worth $6,784,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LMT. Geode Capital Management LLC boosted its holdings in Lockheed Martin by 1.8% during the third quarter. Geode Capital Management LLC now owns 4,827,645 shares of the aerospace company’s stock worth $2,816,898,000 after buying an additional 83,997 shares in the last quarter. FMR LLC lifted its holdings in shares of Lockheed Martin by 6.6% during the third quarter. FMR LLC now owns 3,389,025 shares of the aerospace company’s stock valued at $1,981,088,000 after purchasing an additional 209,591 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Lockheed Martin by 8.5% in the third quarter. Wellington Management Group LLP now owns 3,074,855 shares of the aerospace company’s stock worth $1,797,437,000 after buying an additional 240,306 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of Lockheed Martin by 1.7% during the second quarter. Ameriprise Financial Inc. now owns 1,942,658 shares of the aerospace company’s stock valued at $902,714,000 after acquiring an additional 31,545 shares during the period. Finally, International Assets Investment Management LLC boosted its stake in Lockheed Martin by 60,592.0% in the 3rd quarter. International Assets Investment Management LLC now owns 1,559,178 shares of the aerospace company’s stock worth $911,433,000 after purchasing an additional 1,556,609 shares during the period. 74.19% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. StockNews.com downgraded Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Friday, January 3rd. Barclays reduced their price target on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a research report on Monday, January 6th. Royal Bank of Canada lowered their price objective on shares of Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. Truist Financial started coverage on shares of Lockheed Martin in a research note on Tuesday. They set a “buy” rating and a $579.00 target price for the company. Finally, Citigroup upped their target price on Lockheed Martin from $570.00 to $700.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $584.40.

Lockheed Martin Stock Performance

Shares of LMT traded up $3.74 during mid-day trading on Friday, hitting $490.60. The company’s stock had a trading volume of 1,331,181 shares, compared to its average volume of 1,037,778. The stock’s 50-day moving average is $506.28 and its two-hundred day moving average is $534.89. The firm has a market capitalization of $116.29 billion, a PE ratio of 17.76, a price-to-earnings-growth ratio of 3.76 and a beta of 0.48. 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 Co. has a one year low of $413.92 and a one year high of $618.95.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share for the quarter, beating analysts’ consensus estimates of $6.50 by $0.34. The firm had revenue of $17.10 billion during 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%. The business’s revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the firm earned $6.77 EPS. As a group, sell-side analysts anticipate that Lockheed Martin Co. will post 26.89 EPS 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.