First PREMIER Bank Cuts Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

First PREMIER Bank lessened its holdings in Lockheed Martin Co. (NYSE:LMT) by 4.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,085 shares of the aerospace company’s stock after selling 100 shares during the quarter. First PREMIER Bank’s holdings in Lockheed Martin were worth $1,013,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Itau Unibanco Holding S.A. acquired a new position in Lockheed Martin during the third quarter worth $26,000. Burkett Financial Services LLC purchased a new stake in shares of Lockheed Martin during the 3rd quarter worth $32,000. Mattson Financial Services LLC acquired a new position in shares of Lockheed Martin during the 2nd quarter worth $27,000. Capital Performance Advisors LLP purchased a new position in shares of Lockheed Martin in the 3rd quarter valued at about $40,000. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of Lockheed Martin in the third quarter valued at about $42,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on LMT shares. JPMorgan Chase & Co. lowered their target price on shares of Lockheed Martin from $546.00 to $540.00 and set an “overweight” rating on the stock in a research report on Thursday, January 16th. Royal Bank of Canada dropped their price objective on Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. TD Cowen raised their price target on Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft cut shares of Lockheed Martin from a “buy” rating to a “hold” rating and lowered their price objective for the company from $611.00 to $523.00 in a research note on Thursday, January 2nd. Finally, Robert W. Baird lifted their target price on shares of Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $577.73.

Lockheed Martin Trading Down 1.4 %

Shares of Lockheed Martin stock opened at $499.41 on Thursday. The firm has a market cap of $118.38 billion, a PE ratio of 18.08, a P/E/G ratio of 4.11 and a beta of 0.48. 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 fifty-two week low of $413.92 and a fifty-two week high of $618.95. The business’s fifty day moving average is $500.84 and its two-hundred day moving average is $536.25.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.50 by $0.34. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The firm had revenue of $17.10 billion for the quarter, compared to analyst estimates of $17.38 billion. During the same period last year, the company earned $6.77 EPS. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. Analysts anticipate that Lockheed Martin Co. will post 26.81 earnings per share for the current year.

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.