Enterprise Trust & Investment Co Cuts Stock Holdings in Lockheed Martin Co. (NYSE:LMT)


Share on StockTwits

Enterprise Trust & Investment Co decreased its position in shares of Lockheed Martin Co. (NYSE:LMT) by 0.7% during the fourth quarter, HoldingsChannel reports. The firm owned 9,830 shares of the aerospace company’s stock after selling 70 shares during the period. Lockheed Martin makes up approximately 1.6% of Enterprise Trust & Investment Co’s holdings, making the stock its 16th biggest holding. Enterprise Trust & Investment Co’s holdings in Lockheed Martin were worth $3,360,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in LMT. Sound Income Strategies LLC raised its holdings in shares of Lockheed Martin by 39.1% during the 4th quarter. Sound Income Strategies LLC now owns 4,258 shares of the aerospace company’s stock worth $1,511,000 after buying an additional 1,196 shares in the last quarter. Kingsview Wealth Management LLC raised its stake in Lockheed Martin by 14.4% during the third quarter. Kingsview Wealth Management LLC now owns 17,231 shares of the aerospace company’s stock valued at $6,604,000 after buying an additional 2,175 shares during the last quarter. Alley Co LLC raised its stake in Lockheed Martin by 0.8% during the third quarter. Alley Co LLC now owns 118,752 shares of the aerospace company’s stock valued at $45,515,000 after buying an additional 913 shares during the last quarter. Woodstock Corp bought a new stake in Lockheed Martin in the fourth quarter worth $228,000. Finally, Great West Life Assurance Co. Can grew its stake in shares of Lockheed Martin by 129.2% in the third quarter. Great West Life Assurance Co. Can now owns 476,235 shares of the aerospace company’s stock worth $78,834,000 after acquiring an additional 268,442 shares during the last quarter. Institutional investors own 69.37% of the company’s stock.

A number of equities analysts recently issued reports on the stock. Morgan Stanley dropped their price target on shares of Lockheed Martin from $509.00 to $480.00 and set an “overweight” rating on the stock in a research note on Thursday, January 7th. ValuEngine lowered Lockheed Martin from a “hold” rating to a “sell” rating in a report on Wednesday, October 21st. Credit Suisse Group upped their price target on Lockheed Martin from $400.00 to $409.00 in a report on Tuesday, December 22nd. Robert W. Baird cut Lockheed Martin from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $420.00 to $368.00 in a research report on Thursday, January 7th. Finally, Cowen reissued a “buy” rating and issued a $410.00 target price on shares of Lockheed Martin in a research report on Friday, November 27th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $445.00.

Shares of NYSE:LMT opened at $345.49 on Thursday. The stock has a 50 day moving average of $355.90 and a 200 day moving average of $372.48. The company has a market cap of $96.66 billion, a PE ratio of 14.89, a price-to-earnings-growth ratio of 2.19 and a beta of 0.93. Lockheed Martin Co. has a 12-month low of $266.11 and a 12-month high of $442.53. The company has a current ratio of 1.33, a quick ratio of 1.12 and a debt-to-equity ratio of 2.34.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Tuesday, October 20th. The aerospace company reported $6.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $6.07 by $0.18. Lockheed Martin had a net margin of 10.18% and a return on equity of 173.43%. The business had revenue of $16.50 billion during the quarter, compared to analyst estimates of $16.14 billion. During the same period in the prior year, the business posted $5.66 earnings per share. The company’s revenue was up 8.8% on a year-over-year basis. Equities research analysts predict that Lockheed Martin Co. will post 24.82 earnings per share for the current fiscal year.

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. It operates through four segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space Systems.

Featured Story: Can systematic risk be avoided?

Want to see what other hedge funds are holding LMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lockheed Martin Co. (NYSE:LMT).

Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

Receive News & Ratings for Lockheed Martin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lockheed Martin and related companies with MarketBeat.com's FREE daily email newsletter.