Keybank National Association OH Sells 1,426 Shares of Lockheed Martin Corporation $LMT

Keybank National Association OH lowered its stake in shares of Lockheed Martin Corporation (NYSE:LMTFree Report) by 5.0% during the third quarter, Holdings Channel.com reports. The firm owned 27,100 shares of the aerospace company’s stock after selling 1,426 shares during the quarter. Keybank National Association OH’s holdings in Lockheed Martin were worth $13,529,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Barnes Dennig Private Wealth Management LLC increased its position in shares of Lockheed Martin by 285.7% during the third quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the aerospace company’s stock worth $27,000 after purchasing an additional 40 shares in the last quarter. Grey Fox Wealth Advisors LLC purchased a new stake in shares of Lockheed Martin during the third quarter worth about $27,000. Mid American Wealth Advisory Group Inc. purchased a new stake in shares of Lockheed Martin during the second quarter worth about $28,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Lockheed Martin during the second quarter valued at about $29,000. Finally, Frazier Financial Advisors LLC purchased a new position in shares of Lockheed Martin in the 2nd quarter valued at approximately $34,000. 74.19% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on LMT shares. TD Cowen upped their target price on Lockheed Martin from $600.00 to $670.00 and gave the company a “hold” rating in a research report on Friday. Sanford C. Bernstein reiterated a “market perform” rating and issued a $586.00 price objective on shares of Lockheed Martin in a report on Monday, January 12th. Deutsche Bank Aktiengesellschaft upped their target price on Lockheed Martin from $492.00 to $611.00 and gave the company a “hold” rating in a report on Friday. Citigroup raised their price target on shares of Lockheed Martin from $505.00 to $592.00 and gave the stock a “neutral” rating in a report on Tuesday, January 13th. Finally, The Goldman Sachs Group raised their price objective on Lockheed Martin from $398.00 to $425.00 and gave the stock a “sell” rating in a research report on Friday, October 10th. Five investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $577.29.

Check Out Our Latest Stock Report on Lockheed Martin

Lockheed Martin Stock Performance

Shares of LMT stock opened at $634.31 on Friday. The stock has a market capitalization of $146.78 billion, a PE ratio of 29.52, a price-to-earnings-growth ratio of 1.78 and a beta of 0.24. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 3.05. The stock’s 50-day moving average price is $509.69 and its 200 day moving average price is $480.88. Lockheed Martin Corporation has a 52-week low of $410.11 and a 52-week high of $645.67.

Lockheed Martin (NYSE:LMTGet Free Report) last released its quarterly earnings data on Thursday, January 29th. The aerospace company reported $5.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.33 by ($0.53). Lockheed Martin had a return on equity of 108.53% and a net margin of 6.69%.The business had revenue of $20.32 billion during the quarter, compared to analysts’ expectations of $19.84 billion. During the same quarter in the previous year, the company posted $7.67 EPS. The company’s revenue was up 9.1% compared to the same quarter last year. As a group, equities research analysts forecast that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin News Roundup

Here are the key news stories impacting Lockheed Martin this week:

Lockheed Martin Company Profile

(Free Report)

Lockheed Martin Corporation (NYSE: LMT) is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.

Lockheed Martin’s product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.

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

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