Lockheed Martin Co. (NYSE:LMT) Holdings Cut by Indiana Trust & Investment Management CO

Indiana Trust & Investment Management CO decreased its stake in Lockheed Martin Co. (NYSE:LMT) by 6.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 965 shares of the aerospace company’s stock after selling 64 shares during the quarter. Indiana Trust & Investment Management CO’s holdings in Lockheed Martin were worth $357,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in LMT. Wealth Alliance raised its holdings in shares of Lockheed Martin by 4.2% during the 3rd quarter. Wealth Alliance now owns 2,373 shares of the aerospace company’s stock valued at $909,000 after purchasing an additional 96 shares in the last quarter. Boothbay Fund Management LLC bought a new position in shares of Lockheed Martin during the 3rd quarter valued at $347,000. Weld Capital Management LLC bought a new position in shares of Lockheed Martin during the 3rd quarter valued at $580,000. Peapack Gladstone Financial Corp raised its holdings in Lockheed Martin by 11.8% in the 3rd quarter. Peapack Gladstone Financial Corp now owns 1,958 shares of the aerospace company’s stock worth $750,000 after acquiring an additional 206 shares during the period. Finally, Lombard Odier Asset Management Switzerland SA bought a new position in Lockheed Martin in the 3rd quarter worth $727,000. Institutional investors and hedge funds own 77.00% of the company’s stock.

Several research analysts recently commented on the stock. Robert W. Baird downgraded shares of Lockheed Martin from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $420.00 to $368.00 in a report on Thursday, January 7th. Morgan Stanley dropped their target price on shares of Lockheed Martin from $480.00 to $445.00 and set an “overweight” rating on the stock in a report on Monday, February 8th. Finally, Credit Suisse Group decreased their price target on shares of Lockheed Martin from $351.00 to $334.00 in a research report on Wednesday, January 27th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $423.00.

Shares of Lockheed Martin stock traded up $2.53 during trading on Thursday, hitting $382.72. 17,014 shares of the company’s stock traded hands, compared to its average volume of 1,967,947. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.33 and a quick ratio of 1.12. The firm’s fifty day moving average price is $349.60 and its 200 day moving average price is $357.59. Lockheed Martin Co. has a twelve month low of $319.81 and a twelve month high of $417.62. The company has a market cap of $107.20 billion, a PE ratio of 16.38, a PEG ratio of 1.98 and a beta of 0.92.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Monday, January 25th. The aerospace company reported $6.38 earnings per share for the quarter, missing the consensus estimate of $6.41 by ($0.03). Lockheed Martin had a net margin of 10.18% and a return on equity of 173.43%. The business had revenue of $17.03 billion for the quarter, compared to analyst estimates of $16.92 billion. During the same quarter last year, the firm posted $5.29 earnings per share. Lockheed Martin’s revenue was up 7.3% on a year-over-year basis. As a group, equities research analysts anticipate that Lockheed Martin Co. will post 24.82 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, March 26th. Investors of record on Monday, March 1st were issued a dividend of $2.60 per share. This represents a $10.40 annualized dividend and a yield of 2.72%. The ex-dividend date of this dividend was Friday, February 26th. Lockheed Martin’s dividend payout ratio is currently 47.38%.

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

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

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