CNB Bank Trims Position in Lockheed Martin Co. (NYSE:LMT)

CNB Bank trimmed its position in Lockheed Martin Co. (NYSE:LMT) by 6.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,050 shares of the aerospace company’s stock after selling 144 shares during the period. CNB Bank’s holdings in Lockheed Martin were worth $996,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in LMT. Edgestream Partners L.P. lifted its holdings in Lockheed Martin by 63.6% during the second quarter. Edgestream Partners L.P. now owns 3,170 shares of the aerospace company’s stock valued at $1,481,000 after purchasing an additional 1,232 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its stake in Lockheed Martin by 6.7% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 50,449 shares of the aerospace company’s stock worth $23,565,000 after buying an additional 3,189 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its holdings in Lockheed Martin by 5.5% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 8,077 shares of the aerospace company’s stock valued at $3,773,000 after acquiring an additional 420 shares during the period. Blair William & Co. IL lifted its position in shares of Lockheed Martin by 35.0% in the second quarter. Blair William & Co. IL now owns 42,953 shares of the aerospace company’s stock valued at $20,063,000 after acquiring an additional 11,134 shares in the last quarter. Finally, Carolinas Wealth Consulting LLC lifted its holdings in shares of Lockheed Martin by 33.7% in the second quarter. Carolinas Wealth Consulting LLC now owns 802 shares of the aerospace company’s stock worth $374,000 after buying an additional 202 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Stock Up 0.2 %

Shares of NYSE LMT opened at $487.63 on Friday. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.12 and a current ratio of 1.30. The stock has a 50 day moving average price of $507.59 and a 200 day moving average price of $535.22. The firm has a market capitalization of $115.59 billion, a price-to-earnings ratio of 17.65, a PEG ratio of 3.76 and a beta of 0.48. Lockheed Martin Co. has a 52-week low of $413.92 and a 52-week high of $618.95.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on LMT shares. Robert W. Baird boosted their target price on Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday, October 22nd. StockNews.com cut shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 3rd. Wells Fargo & Company lowered their price objective on shares of Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 8th. Barclays reduced their target price on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Lockheed Martin from $546.00 to $540.00 and set an “overweight” rating for the company in a report on Thursday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $584.40.

Lockheed Martin 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.