Lockheed Martin Co. (NYSE:LMT) Stock Position Increased by Bath Savings Trust Co

Bath Savings Trust Co grew its position in Lockheed Martin Co. (NYSE:LMT) by 7.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 10,820 shares of the aerospace company’s stock after purchasing 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 large investors also recently made changes to their positions in the company. Itau Unibanco Holding S.A. bought a new position in Lockheed Martin in the 3rd quarter worth approximately $26,000. Mattson Financial Services LLC bought a new position in shares of Lockheed Martin in the second quarter worth $27,000. Sachetta LLC grew its stake in shares of Lockheed Martin by 50.0% in the second quarter. Sachetta LLC now owns 60 shares of the aerospace company’s stock worth $28,000 after purchasing an additional 20 shares in the last quarter. Burkett Financial Services LLC acquired a new position in shares of Lockheed Martin during the third quarter valued at $32,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of Lockheed Martin during the third quarter valued at about $40,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Barclays lowered their target price on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a research note on Monday. JPMorgan Chase & Co. upped their target price on Lockheed Martin from $560.00 to $630.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. StockNews.com downgraded Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Friday. Wells Fargo & Company cut their price target on shares of Lockheed Martin from $602.00 to $543.00 and set an “equal weight” rating for the company in a report on Wednesday, December 11th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Lockheed Martin from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $611.00 to $523.00 in a research note on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $601.79.

Lockheed Martin Trading Down 0.2 %

NYSE LMT traded down $0.75 on Tuesday, hitting $465.25. 630,823 shares of the stock were exchanged, compared to its average volume of 1,021,735. The company’s 50-day moving average price is $517.70 and its two-hundred day moving average price is $535.38. The company has a market capitalization of $110.28 billion, a price-to-earnings ratio of 16.84, a P/E/G ratio of 4.05 and a beta of 0.48. Lockheed Martin Co. has a 52-week low of $413.92 and a 52-week high of $618.95. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.30 and a quick ratio of 1.12.

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, beating the consensus estimate of $6.50 by $0.34. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The firm had revenue of $17.10 billion for the quarter, compared to analyst estimates of $17.38 billion. During the same period in the previous year, the firm earned $6.77 earnings per share. Lockheed Martin’s quarterly revenue was up 1.3% on a year-over-year basis. Research analysts predict that Lockheed Martin Co. will post 26.88 EPS 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.