Central Pacific Bank Trust Division Increases Holdings in Lockheed Martin Co. (NYSE:LMT)

Central Pacific Bank Trust Division lifted its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 15.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 567 shares of the aerospace company’s stock after acquiring an additional 77 shares during the period. Central Pacific Bank Trust Division’s holdings in Lockheed Martin were worth $276,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Modus Advisors LLC purchased a new stake in shares of Lockheed Martin during the 4th quarter worth approximately $70,000. GAMMA Investing LLC lifted its position in Lockheed Martin by 7.3% in the fourth quarter. GAMMA Investing LLC now owns 4,833 shares of the aerospace company’s stock valued at $2,349,000 after acquiring an additional 329 shares during the last quarter. Versant Capital Management Inc boosted its stake in Lockheed Martin by 50.3% in the fourth quarter. Versant Capital Management Inc now owns 236 shares of the aerospace company’s stock valued at $115,000 after acquiring an additional 79 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Lockheed Martin by 4.0% during the third quarter. Principal Financial Group Inc. now owns 270,879 shares of the aerospace company’s stock worth $158,345,000 after purchasing an additional 10,358 shares during the last quarter. Finally, Garden State Investment Advisory Services LLC acquired a new stake in shares of Lockheed Martin during the third quarter worth about $211,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the company. Wells Fargo & Company cut their price target on Lockheed Martin from $602.00 to $543.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating and reduced their price target for the company from $611.00 to $523.00 in a research report on Thursday. Royal Bank of Canada dropped their price objective on shares of Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. Susquehanna decreased their target price on shares of Lockheed Martin from $705.00 to $695.00 and set a “positive” rating for the company in a research note on Wednesday, October 23rd. Finally, Robert W. Baird upped their price objective on Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. One equities 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 issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $605.36.

Lockheed Martin Stock Performance

Shares of LMT opened at $481.82 on Friday. The company has a market capitalization of $114.21 billion, a PE ratio of 17.44, a P/E/G ratio of 4.05 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. The company has a 50-day simple moving average of $519.47 and a 200-day simple moving average of $534.34. The company has a quick ratio of 1.12, a current ratio of 1.30 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 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 business had revenue of $17.10 billion for the quarter, compared to analyst estimates of $17.38 billion. During the same quarter in the previous year, the company earned $6.77 EPS. The company’s quarterly revenue was up 1.3% on a year-over-year basis. Equities research analysts predict that Lockheed Martin Co. will post 26.88 earnings per share for the current fiscal 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.