Massmutual Trust Co. FSB ADV reduced its position in Lockheed Martin Co. (NYSE:LMT)

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Massmutual Trust Co. FSB ADV reduced its holdings in shares of Lockheed Martin Co. (NYSE:LMT – Free Report) by 1.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,924 shares of the aerospace company’s stock after selling 323 shares during the quarter. Massmutual Trust Co. holdings. FSB ADV’s holdings in Lockheed Martin were worth $13,985,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its holdings in Lockheed Martin by 130.0% during the 2nd quarter. GAMMA Investing LLC now owns 3,572 shares of the aerospace company’s stock valued at $1,668,000 after buying an additional 2,019 shares in the last quarter . Buck Wealth Strategies LLC bought a new stake in Lockheed Martin in the second quarter valued at approximately $6,611,000. Verity & Verity LLC boosted its holdings in Lockheed Martin by 3.2% in the 2nd quarter. Verity & Verity LLC now owns 34,236 shares of the aerospace company’s stock valued at $15,992,000 after purchasing an additional 1,071 shares in the the last quarter. Morningstar Investment Services LLC boosted its holdings in Lockheed Martin by 99.6% during the 4th quarter. Morningstar Investment Services LLC now owns 147,811 shares of the aerospace company’s stock valued at $66,697,000 after buying an additional 73,774 shares. of shares in the last quarter. Finally, Brevan Howard Capital Management LP boosted its holdings in shares of Lockheed Martin by 414.2% in the fourth quarter. Brevan Howard Capital Management LP now owns 7,121 shares of the aerospace company’s stock valued at $3,228,000 after buying an additional 5,736 shares in the last quarter. Institutional investors own 74.19% of the company’s shares.

Analysts on Wall Street are forecasting an increase

Several equities research analysts recently commented on LMT shares. Susquehanna upped their target price on shares of Lockheed Martin from $540.00 to $565.00 and gave the company a “positive” rating in a report on Wednesday, July 24th. Wells Fargo & Company upped their target price on shares of Lockheed Martin from $483.00 to $525.00 and gave the company an “equal weight” rating in a report on Wednesday, July 24th. Melius Research upgraded shares of Lockheed Martin to a “strong-buy” rating in a report on Tuesday, September 3rd. TD Cowen upgraded shares of Lockheed Martin from a “hold” rating to a “buy” rating and upped their price target for the company from $480.00 to $560.00 in a report on Wednesday , July 24. Finally, Melius raised shares of Lockheed Martin from a “hold” rating to a “buy” rating and set a $704.00 price objective on the stock in a research report on Tuesday, September 3rd . One investment analyst has rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Lockheed Martin presently has a consensus rating of “Moderate Buy” and a consensus price target of $553.43, according to MarketBeat.com.

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Lockheed Martin stock fell 0.4%

NYSE:LMT opened at $603.31 on Thursday. The company has a market cap of $144.76 billion, a PE ratio of 22.08, a P/E/G ratio of 4.66 and a beta of 0.47. Lockheed Martin Co. has a twelve month low of $393.77 and a twelve month high of $611.49. The company’s 50-day moving average is $562.41, and its two-hundred-day moving average is $497.26. The company has a current ratio of 1.24, a quick ratio of 1.07, and a debt-to-equity ratio of 3.10.

Lockheed Martin (NYSE:LMT – Get Your Free Report ) last issued its quarterly earnings data on Tuesday, July 23rd. The aerospace company reported $7.11 earnings per share for the quarter, beating analysts’ consensus estimates of $6.45 by $0.66. The firm had revenue of $18.12 billion for the quarter, compared to analyst estimates of $17.05 billion. Lockheed Martin had a net margin of 9.48% and a return on equity of 95.03%. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. In the same quarter last year, the company earned $6.73 per share. Analysts anticipate that Lockheed Martin Co. will record 26.65 EPS for the current year.

Insider trading at Lockheed Martin

In other news, insider Timothy S. Cahill sold 3,975 shares of the stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $515.36, for a total value of $2,048,556.00. Following the sale, the insider now owns 8,877 shares in the company, valued at $4,574,850.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed via this hyperlink. Company insiders own 0.17% of the company’s shares.

About Lockheed Martin

(Free Report)

Lockheed Martin Corporation, a security and aerospace company, is engaged in the research, design, development, manufacture, integration and support of technology systems, products and services worldwide. The company operates through the Aerospace, Missile and Fire Control, Rotary and Mission Systems and Space segments.