Canandaigua National Trust Co of Florida Sells 205 Shares of Lockheed Martin Co. (NYSE:LMT)

Canandaigua National Trust Co of Florida decreased its holdings in Lockheed Martin Co. (NYSE:LMT) by 10.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,752 shares of the aerospace company’s stock after selling 205 shares during the quarter. Canandaigua National Trust Co of Florida’s holdings in Lockheed Martin were worth $851,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Lantz Financial LLC increased its stake in shares of Lockheed Martin by 2.6% in the 2nd quarter. Lantz Financial LLC now owns 4,882 shares of the aerospace company’s stock valued at $2,281,000 after buying an additional 123 shares during the period. Savant Capital LLC raised its holdings in Lockheed Martin by 12.4% during the 2nd quarter. Savant Capital LLC now owns 7,715 shares of the aerospace company’s stock worth $3,604,000 after purchasing an additional 852 shares during the last quarter. Chicago Capital LLC lifted its position in Lockheed Martin by 11.7% during the 2nd quarter. Chicago Capital LLC now owns 1,771 shares of the aerospace company’s stock valued at $827,000 after purchasing an additional 185 shares during the period. Norden Group LLC boosted its stake in shares of Lockheed Martin by 15.5% in the 2nd quarter. Norden Group LLC now owns 1,370 shares of the aerospace company’s stock valued at $640,000 after purchasing an additional 184 shares during the last quarter. Finally, Strategic Financial Concepts LLC grew its position in shares of Lockheed Martin by 27,457.9% during the 2nd quarter. Strategic Financial Concepts LLC now owns 132,278 shares of the aerospace company’s stock worth $618,000 after buying an additional 131,798 shares during the period. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Stock Down 3.1 %

LMT traded down $15.17 during trading hours on Monday, hitting $466.65. 1,690,766 shares of the company’s stock were exchanged, compared to its average volume of 1,026,885. The stock has a market cap of $110.61 billion, a price-to-earnings ratio of 16.90, a PEG ratio of 4.05 and a beta of 0.48. Lockheed Martin Co. has a 1-year low of $413.92 and a 1-year high of $618.95. The stock’s 50-day moving average is $519.47 and its two-hundred day moving average is $535.38. 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 data on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share for the quarter, beating 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 company had revenue of $17.10 billion during the quarter, compared to analysts’ expectations of $17.38 billion. During the same quarter last year, the company earned $6.77 EPS. Lockheed Martin’s revenue for the quarter was up 1.3% compared to the same quarter last year. Sell-side analysts predict that Lockheed Martin Co. will post 26.88 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on LMT shares. Citigroup raised their price objective on shares of Lockheed Martin from $570.00 to $700.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. lifted their price objective on Lockheed Martin from $560.00 to $630.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. Deutsche Bank Aktiengesellschaft lowered Lockheed Martin from a “buy” rating to a “hold” rating and cut their target price for the company from $611.00 to $523.00 in a research note on Thursday. TD Cowen boosted their target price on Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, Barclays cut their price target 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. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Lockheed Martin currently has an average rating of “Moderate Buy” and a consensus price target of $601.79.

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.