Lockheed Martin Co. (NYSE:LMT) Shares Sold by Canandaigua National Bank & Trust Co.

Canandaigua National Bank & Trust Co. decreased its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 2.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,236 shares of the aerospace company’s stock after selling 367 shares during the period. Canandaigua National Bank & Trust Co.’s holdings in Lockheed Martin were worth $5,946,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Itau Unibanco Holding S.A. bought a new stake in Lockheed Martin during the third quarter worth approximately $26,000. Burkett Financial Services LLC acquired a new position in Lockheed Martin during the third quarter worth about $32,000. Mattson Financial Services LLC bought a new stake in Lockheed Martin in the second quarter worth about $27,000. Sachetta LLC lifted its holdings in Lockheed Martin by 50.0% in the 2nd quarter. Sachetta LLC now owns 60 shares of the aerospace company’s stock valued at $28,000 after acquiring an additional 20 shares during the last quarter. Finally, Capital Performance Advisors LLP bought a new position in shares of Lockheed Martin during the 3rd quarter valued at about $40,000. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Stock Down 3.1 %

Shares of Lockheed Martin stock traded down $15.17 on Monday, hitting $466.65. 1,690,766 shares of the company traded hands, compared to its average volume of 1,026,885. 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 Co. has a 12-month low of $413.92 and a 12-month high of $618.95. The company has a 50-day moving average price of $519.47 and a 200 day moving average price of $535.38. The company has a market cap of $110.61 billion, a PE ratio of 16.90, a PEG ratio of 4.05 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share for the quarter, topping the consensus estimate of $6.50 by $0.34. The company had revenue of $17.10 billion for the quarter, compared to analyst estimates of $17.38 billion. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The business’s revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $6.77 EPS. Sell-side analysts predict that Lockheed Martin Co. will post 26.88 earnings per share for the current year.

Analyst Upgrades and Downgrades

LMT has been the topic of a number of research reports. Susquehanna dropped their target price on shares of Lockheed Martin from $705.00 to $695.00 and set a “positive” rating on the stock in a report on Wednesday, October 23rd. StockNews.com cut Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Friday. TD Cowen lifted their target price on Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Royal Bank of Canada reduced their target price on Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Finally, Citigroup lifted their price target on Lockheed Martin from $570.00 to $700.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Lockheed Martin presently has an average rating of “Moderate Buy” and an average price target of $601.79.

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.