Lockheed Martin Co Shares (NYSE:LMT) sold by Farmers Trust Co.

Farmers Trust Co. reduced its stake in shares of Lockheed Martin Co. (NYSE:LMT – Free Report) by 0.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,314 shares of the aerospace company’s stock after selling 63 shares during the period. At the end of the most recent reporting period, holdings of Farmers Trust Co. in Lockheed Martin were worth $5,445,000.

Other large investors have recently bought and sold shares of the company. GAMMA Investing LLC boosted its position in Lockheed Martin by 130.0% during the 2nd quarter. GAMMA Investing LLC now owns 3,572 shares of the aerospace company’s stock worth $1,668,000 after buying an additional 2,019 shares during the period respective. Buck Wealth Strategies LLC acquired a new stake in shares of Lockheed Martin in the second quarter valued at approximately $6,611,000. Verity & Verity LLC boosted its position in shares of Lockheed Martin by 3.2% in the second quarter. Verity & Verity LLC now owns 34,236 shares of the aerospace company’s stock worth $15,992,000 after buying an additional 1,071 shares during the last quarter. Brevan Howard Capital Management LP raised its stake in shares of Lockheed Martin by 414.2% during 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 during the last quarter. Finally, New Mexico Educational Retirement Board grew its position in shares of Lockheed Martin by 20.5% in the first quarter. New Mexico Educational Retirement Board now owns 14,097 shares of the aerospace company’s stock valued at $6,222,000 after acquiring an additional 2,400 shares during the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s shares.

Analysts on Wall Street are forecasting an increase

A number of brokerages have commented on LMT. UBS Group lifted their price target on Lockheed Martin from $511.00 to $538.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. Melius Research upgraded shares of Lockheed Martin to a “strong-buy” rating in a research note on Tuesday, September 3rd. JPMorgan Chase & Co. boosted their price target on Lockheed Martin from $518.00 to $560.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. Royal Bank of Canada upgraded shares of Lockheed Martin from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $500.00 to $600.00 in a report of research from Monday, August 5. Finally, Susquehanna raised their target price on Lockheed Martin from $540.00 to $565.00 and gave the stock a “positive” rating in a report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Lockheed Martin currently has a consensus rating of “Moderate Buy” and an average price target of $554.86, according to MarketBeat .

See the latest stock report on LMT

Lockheed Martin stocks rose 0.4%

Shares of Lockheed Martin stock opened at $605.82 on Friday. The stock has a 50-day simple moving average of $564.10 and a 200-day simple moving average of $498.01. Lockheed Martin Co. it has a 52-week low of $393.77 and a 52-week high of $611.49. The firm has a market cap of $145.36 billion, a price-to-earnings ratio of 22.17, a P/E/G ratio of 4.66 and a beta of 0.47. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.24, and a quick ratio of 1.07.

Lockheed Martin (NYSE:LMT – Get Free Report ) last posted its quarterly earnings results on Tuesday, July 23rd. The aerospace company reported $7.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.45 by $0.66. Lockheed Martin had a return on equity of 95.03% and a net margin of 9.48%. The company had revenue of $18.12 billion during the quarter, compared to the consensus estimate of $17.05 billion. In the same quarter last year, the company posted EPS of $6.73. The company’s revenue increased by 8.6% year-on-year. On average, equities research analysts expect that Lockheed Martin Co. to post 26.65 earnings per share for the current fiscal year.

Insider trading at Lockheed Martin

In other Lockheed Martin news, insider Timothy S. Cahill sold 3,975 shares of the company’s stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $515.36, for a total transaction of $2,048,556.00. Following the completion of the sale, the insider now directly 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. 0.17% of shares are owned by corporate insiders.

Lockheed Martin Company Profile

(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.

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