MassMutual Private Wealth & Trust FSB Sells 568 Shares of Lockheed Martin Co. (NYSE:LMT)

MassMutual Private Wealth & Trust FSB trimmed its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 2.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,356 shares of the aerospace company’s stock after selling 568 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Lockheed Martin were worth $11,350,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of LMT. Penn Davis Mcfarland Inc. boosted its holdings in Lockheed Martin by 0.3% during the fourth quarter. Penn Davis Mcfarland Inc. now owns 47,059 shares of the aerospace company’s stock worth $22,868,000 after buying an additional 118 shares during the last quarter. Stokes Capital Advisors LLC raised its position in shares of Lockheed Martin by 1.7% in the 4th quarter. Stokes Capital Advisors LLC now owns 12,738 shares of the aerospace company’s stock valued at $6,190,000 after acquiring an additional 214 shares during the period. Thrive Wealth Management LLC boosted its stake in Lockheed Martin by 1.9% during the 4th quarter. Thrive Wealth Management LLC now owns 3,841 shares of the aerospace company’s stock worth $1,866,000 after acquiring an additional 70 shares during the last quarter. Divergent Planning LLC grew its holdings in Lockheed Martin by 62.2% during the fourth quarter. Divergent Planning LLC now owns 1,009 shares of the aerospace company’s stock valued at $472,000 after purchasing an additional 387 shares during the period. Finally, Diversify Wealth Management LLC increased its stake in Lockheed Martin by 38.2% in the fourth quarter. Diversify Wealth Management LLC now owns 5,527 shares of the aerospace company’s stock valued at $2,587,000 after purchasing an additional 1,528 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Stock Performance

Shares of NYSE LMT opened at $490.60 on Monday. Lockheed Martin Co. has a 12 month low of $413.92 and a 12 month high of $618.95. The stock has a 50 day moving average of $504.80 and a 200-day moving average of $535.54. 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 company has a market capitalization 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 (NYSE:LMT) last released its quarterly earnings data on Tuesday, October 22nd. The aerospace company reported $6.84 EPS for the quarter, beating the consensus estimate of $6.50 by $0.34. The firm 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%. The company’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the company earned $6.77 earnings per share. As a group, equities research analysts predict that Lockheed Martin Co. will post 26.89 EPS for the current year.

Analysts Set New Price Targets

LMT has been the subject of several research analyst reports. JPMorgan Chase & Co. decreased their price target on shares of Lockheed Martin from $546.00 to $540.00 and set an “overweight” rating for the company in a report on Thursday. Robert W. Baird increased their price target on Lockheed Martin from $519.00 to $626.00 in a report on Tuesday, October 22nd. Royal Bank of Canada cut their price objective on Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. StockNews.com cut Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 3rd. Finally, Truist Financial assumed coverage on shares of Lockheed Martin in a report on Tuesday, January 14th. They set a “buy” rating and a $579.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned 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, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $584.40.

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.