Lockheed Martin Co. (NYSE:LMT) Holdings Cut by First National Bank Sioux Falls

First National Bank Sioux Falls decreased its stake in Lockheed Martin Co. (NYSE:LMT) by 27.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 993 shares of the aerospace company’s stock after selling 372 shares during the quarter. First National Bank Sioux Falls’ holdings in Lockheed Martin were worth $450,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Triumph Capital Management lifted its position in Lockheed Martin by 3.1% during the third quarter. Triumph Capital Management now owns 723 shares of the aerospace company’s stock worth $296,000 after purchasing an additional 22 shares during the period. Abbrea Capital LLC lifted its position in Lockheed Martin by 1.7% during the third quarter. Abbrea Capital LLC now owns 1,397 shares of the aerospace company’s stock worth $571,000 after purchasing an additional 23 shares during the period. Pinnacle Wealth Planning Services Inc. lifted its position in Lockheed Martin by 1.6% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 1,429 shares of the aerospace company’s stock worth $584,000 after purchasing an additional 23 shares during the period. Elevated Capital Advisors LLC lifted its holdings in shares of Lockheed Martin by 3.5% in the third quarter. Elevated Capital Advisors LLC now owns 709 shares of the aerospace company’s stock worth $290,000 after acquiring an additional 24 shares during the last quarter. Finally, Duncker Streett & Co. Inc. lifted its holdings in shares of Lockheed Martin by 1.2% in the third quarter. Duncker Streett & Co. Inc. now owns 2,013 shares of the aerospace company’s stock worth $823,000 after acquiring an additional 24 shares during the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Insider Transactions at Lockheed Martin

In other Lockheed Martin news, insider Gregory M. Ulmer sold 6,204 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $431.19, for a total transaction of $2,675,102.76. Following the transaction, the insider now directly owns 12,604 shares in the company, valued at approximately $5,434,718.76. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Lockheed Martin news, insider Gregory M. Ulmer sold 6,204 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $431.19, for a total transaction of $2,675,102.76. Following the completion of the sale, the insider now directly owns 12,604 shares of the company’s stock, valued at $5,434,718.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Maryanne Lavan sold 4,022 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $434.39, for a total transaction of $1,747,116.58. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,874 shares of company stock worth $7,249,946. Insiders own 0.14% of the company’s stock.

Lockheed Martin Price Performance

Shares of LMT stock traded down $1.34 during mid-day trading on Tuesday, hitting $459.99. The company had a trading volume of 1,789,251 shares, compared to its average volume of 1,176,603. Lockheed Martin Co. has a 52-week low of $393.77 and a 52-week high of $483.53. The stock’s 50 day moving average price is $440.67 and its 200-day moving average price is $443.62. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.21 and a quick ratio of 1.03. The company has a market capitalization of $110.62 billion, a P/E ratio of 16.69, a P/E/G ratio of 4.23 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, January 23rd. The aerospace company reported $7.90 earnings per share for the quarter, beating the consensus estimate of $7.26 by $0.64. Lockheed Martin had a net margin of 10.24% and a return on equity of 79.91%. The business had revenue of $18.87 billion for the quarter, compared to the consensus estimate of $17.96 billion. During the same quarter in the prior year, the firm posted $7.79 earnings per share. The business’s revenue for the quarter was down .6% on a year-over-year basis. Equities research analysts forecast that Lockheed Martin Co. will post 26.13 earnings per share for the current year.

Analyst Upgrades and Downgrades

LMT has been the subject of a number of research reports. The Goldman Sachs Group dropped their price objective on shares of Lockheed Martin from $380.00 to $377.00 and set a “sell” rating for the company in a report on Tuesday. Royal Bank of Canada cut their target price on Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 24th. Citigroup lowered their target price on Lockheed Martin from $540.00 to $508.00 and set a “buy” rating on the stock in a research note on Wednesday, January 24th. JPMorgan Chase & Co. raised Lockheed Martin from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $475.00 to $518.00 in a report on Monday, April 15th. Finally, Morgan Stanley cut their price objective on Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating for the company in a report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $475.80.

About Lockheed Martin

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.