Community Bank N.A. Cuts Holdings in Lockheed Martin Co. (NYSE:LMT)

Community Bank N.A. reduced its position in Lockheed Martin Co. (NYSE:LMT) by 5.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,692 shares of the aerospace company’s stock after selling 379 shares during the quarter. Community Bank N.A.’s holdings in Lockheed Martin were worth $3,033,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Bank Julius Baer & Co. Ltd Zurich raised its position in Lockheed Martin by 73.0% in the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 64 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 27 shares during the period. Activest Wealth Management grew its stake in shares of Lockheed Martin by 1,200.0% during the fourth quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 60 shares in the last quarter. Milestone Investment Advisors LLC acquired a new stake in shares of Lockheed Martin during the third quarter valued at about $33,000. Providence Capital Advisors LLC acquired a new stake in shares of Lockheed Martin during the third quarter valued at about $35,000. Finally, Iron Horse Wealth Management LLC grew its stake in shares of Lockheed Martin by 1,925.0% during the fourth quarter. Iron Horse Wealth Management LLC now owns 81 shares of the aerospace company’s stock valued at $37,000 after acquiring an additional 77 shares in the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, SVP Maryanne Lavan sold 4,022 shares of Lockheed Martin stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total transaction of $1,747,116.58. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, COO John Frank A. St sold 6,648 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $425.35, for a total transaction of $2,827,726.80. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Maryanne Lavan sold 4,022 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total value of $1,747,116.58. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,874 shares of company stock valued at $7,249,946. Insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on LMT. Royal Bank of Canada lowered their target price on Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 24th. Susquehanna decreased their price target on Lockheed Martin from $550.00 to $540.00 and set a “positive” rating for the company in a research note on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft lifted their price target on Lockheed Martin from $438.00 to $472.00 in a research note on Monday, January 22nd. Morgan Stanley decreased their price target on Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 24th. Finally, The Goldman Sachs Group decreased their price target on Lockheed Martin from $380.00 to $377.00 and set a “sell” rating for the company in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $479.90.

Lockheed Martin Stock Performance

LMT stock traded down $0.95 during midday trading on Wednesday, reaching $459.13. The company had a trading volume of 1,018,454 shares, compared to its average volume of 1,174,945. The company has a quick ratio of 1.03, a current ratio of 1.21 and a debt-to-equity ratio of 2.53. The stock has a 50 day moving average price of $442.16 and a 200 day moving average price of $444.14. Lockheed Martin Co. has a fifty-two week low of $393.77 and a fifty-two week high of $480.92. The firm has a market capitalization of $110.42 billion, a PE ratio of 16.67, a P/E/G ratio of 4.21 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 EPS for the quarter, beating analysts’ consensus estimates of $5.80 by $0.53. The company had revenue of $17.20 billion during the quarter, compared to the consensus estimate of $16.04 billion. Lockheed Martin had a return on equity of 79.91% and a net margin of 10.24%. Lockheed Martin’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $6.43 earnings per share. Analysts anticipate that Lockheed Martin Co. will post 26.13 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.