Lockheed Martin Co. (NYSE:LMT) Shares Sold by Bangor Savings Bank

Bangor Savings Bank lowered its holdings in Lockheed Martin Co. (NYSE:LMT) by 2.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,013 shares of the aerospace company’s stock after selling 30 shares during the quarter. Bangor Savings Bank’s holdings in Lockheed Martin were worth $492,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Lantz Financial LLC boosted its holdings in shares of Lockheed Martin by 2.6% during the second quarter. Lantz Financial LLC now owns 4,882 shares of the aerospace company’s stock worth $2,281,000 after purchasing an additional 123 shares during the period. Strategic Financial Concepts LLC grew its stake in Lockheed Martin by 27,457.9% in the second quarter. Strategic Financial Concepts LLC now owns 132,278 shares of the aerospace company’s stock valued at $618,000 after purchasing an additional 131,798 shares in the last quarter. Acadian Asset Management LLC increased its position in Lockheed Martin by 31.0% in the 2nd quarter. Acadian Asset Management LLC now owns 33,130 shares of the aerospace company’s stock worth $15,467,000 after purchasing an additional 7,847 shares during the last quarter. Choreo LLC raised its stake in shares of Lockheed Martin by 53.7% during the 2nd quarter. Choreo LLC now owns 13,512 shares of the aerospace company’s stock worth $6,303,000 after purchasing an additional 4,718 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC lifted its holdings in shares of Lockheed Martin by 6.7% during the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 1,603 shares of the aerospace company’s stock valued at $749,000 after buying an additional 101 shares during the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on LMT shares. Robert W. Baird raised their price objective on shares of Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday, October 22nd. UBS Group lifted their price objective on shares of Lockheed Martin from $589.00 to $603.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Barclays lowered 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 research report on Monday. Citigroup boosted their price target on Lockheed Martin from $570.00 to $700.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Finally, Susquehanna cut their price objective on Lockheed Martin from $705.00 to $695.00 and set a “positive” rating on the stock in a research note on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $601.79.

Lockheed Martin Stock Performance

NYSE:LMT opened at $464.42 on Wednesday. The firm’s 50-day moving average is $516.04 and its 200-day moving average is $535.36. The company has a market cap of $110.08 billion, a price-to-earnings ratio of 16.81, a PEG ratio of 4.05 and a beta of 0.48. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.12 and a current ratio of 1.30. Lockheed Martin Co. has a 52-week low of $413.92 and a 52-week high of $618.95.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, October 22nd. The aerospace company reported $6.84 EPS for the quarter, topping analysts’ consensus estimates of $6.50 by $0.34. The company had revenue of $17.10 billion during the quarter, compared to the consensus estimate of $17.38 billion. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The company’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the company earned $6.77 EPS. Equities research analysts anticipate that Lockheed Martin Co. will post 26.88 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.