Greenfield Savings Bank Sells 81 Shares of Lockheed Martin Co. (NYSE:LMT)

Greenfield Savings Bank cut its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 1.7% during the 4th quarter, HoldingsChannel reports. The fund owned 4,775 shares of the aerospace company’s stock after selling 81 shares during the quarter. Lockheed Martin makes up 1.1% of Greenfield Savings Bank’s investment portfolio, making the stock its 27th biggest position. Greenfield Savings Bank’s holdings in Lockheed Martin were worth $2,320,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in LMT. Itau Unibanco Holding S.A. bought a new stake in Lockheed Martin in the third quarter worth $26,000. Mattson Financial Services LLC purchased a new stake in Lockheed Martin during the 2nd quarter valued at about $27,000. Burkett Financial Services LLC purchased a new position in Lockheed Martin in the 3rd quarter worth approximately $32,000. Capital Performance Advisors LLP bought a new stake in Lockheed Martin in the third quarter valued at approximately $40,000. Finally, Legacy Investment Solutions LLC purchased a new stake in shares of Lockheed Martin during the third quarter valued at approximately $42,000. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Stock Up 3.4 %

NYSE LMT opened at $483.76 on Tuesday. The stock’s 50 day moving average is $510.20 and its 200 day moving average is $535.47. Lockheed Martin Co. has a 12 month low of $413.92 and a 12 month high of $618.95. The stock has a market cap of $114.67 billion, a PE ratio of 17.51, a P/E/G ratio of 4.05 and a beta of 0.48. 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 released its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 EPS for the quarter, topping 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 company had revenue of $17.10 billion during the quarter, compared to analyst estimates of $17.38 billion. During the same quarter last year, the business posted $6.77 earnings per share. The firm’s 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 fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on LMT shares. Citigroup raised their price target on shares of Lockheed Martin from $570.00 to $700.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Barclays lowered their price objective on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a research report on Monday, January 6th. Robert W. Baird upped their target price on shares of Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday, October 22nd. UBS Group lifted their price target on shares of Lockheed Martin from $589.00 to $603.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. raised their target price on shares of Lockheed Martin from $560.00 to $630.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Lockheed Martin presently has an average rating of “Moderate Buy” and a consensus target price of $591.21.

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.