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

MassMutual Private Wealth & Trust FSB lowered its position in shares of Lockheed Martin Co. (NYSE:LMT) by 2.4% in the fourth quarter, Holdings Channel reports. The institutional investor 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 as of its most recent filing with the SEC.

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

Analysts Set New Price Targets

A number of research firms have recently weighed in on LMT. Royal Bank of Canada cut their target price on Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. Barclays reduced their price objective 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, January 6th. Deutsche Bank Aktiengesellschaft cut shares of Lockheed Martin from a “buy” rating to a “hold” rating and dropped their target price for the company from $611.00 to $523.00 in a research report on Thursday, January 2nd. Susquehanna reduced their price target on shares of Lockheed Martin from $695.00 to $590.00 and set a “positive” rating on the stock in a research report on Wednesday, January 8th. Finally, TD Cowen boosted their price objective on shares of Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, five have given 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.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $584.40.

Lockheed Martin Stock Performance

NYSE:LMT opened at $490.60 on Monday. The stock’s 50-day moving average is $504.80 and its 200-day moving average is $535.54. The stock has a market cap of $116.29 billion, a P/E ratio of 17.76, a price-to-earnings-growth ratio of 3.76 and a beta of 0.48. Lockheed Martin Co. has a 1-year low of $413.92 and a 1-year high of $618.95. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 2.66.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.50 by $0.34. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The firm had revenue of $17.10 billion during the quarter, compared to analysts’ expectations of $17.38 billion. During the same period in the prior year, the company posted $6.77 EPS. The company’s revenue was up 1.3% on a year-over-year basis. Equities research analysts anticipate that Lockheed Martin Co. will post 26.89 earnings per share 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.