Ledyard National Bank Sells 5,500 Shares of Lockheed Martin Corporation $LMT

Ledyard National Bank decreased its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 93.2% during the third quarter, HoldingsChannel reports. The fund owned 403 shares of the aerospace company’s stock after selling 5,500 shares during the quarter. Ledyard National Bank’s holdings in Lockheed Martin were worth $201,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in LMT. Vanguard Group Inc. boosted its position in shares of Lockheed Martin by 1.0% during the second quarter. Vanguard Group Inc. now owns 21,697,527 shares of the aerospace company’s stock valued at $10,048,993,000 after buying an additional 214,565 shares during the period. Geode Capital Management LLC lifted its stake in shares of Lockheed Martin by 0.4% during the 2nd quarter. Geode Capital Management LLC now owns 4,884,954 shares of the aerospace company’s stock worth $2,256,147,000 after acquiring an additional 19,459 shares during the last quarter. Legal & General Group Plc boosted its holdings in Lockheed Martin by 0.6% during the 2nd quarter. Legal & General Group Plc now owns 959,510 shares of the aerospace company’s stock valued at $444,387,000 after acquiring an additional 6,073 shares during the period. AQR Capital Management LLC grew its position in Lockheed Martin by 6.9% in the 2nd quarter. AQR Capital Management LLC now owns 863,839 shares of the aerospace company’s stock valued at $400,079,000 after acquiring an additional 55,607 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in Lockheed Martin by 16.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 761,382 shares of the aerospace company’s stock valued at $347,381,000 after acquiring an additional 108,553 shares during the last quarter. Institutional investors own 74.19% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on LMT shares. Morgan Stanley set a $675.00 target price on shares of Lockheed Martin in a research note on Wednesday. Citigroup lifted their price objective on shares of Lockheed Martin from $592.00 to $673.00 and gave the company a “neutral” rating in a report on Thursday. Wall Street Zen downgraded shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Truist Financial lifted their price target on shares of Lockheed Martin from $605.00 to $695.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Finally, Royal Bank Of Canada boosted their price target on Lockheed Martin from $615.00 to $650.00 and gave the company a “sector perform” rating in a report on Friday, January 30th. Six analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $612.50.

Lockheed Martin Price Performance

Shares of LMT opened at $623.25 on Friday. The company has a debt-to-equity ratio of 3.05, a quick ratio of 0.94 and a current ratio of 1.09. The company has a 50 day moving average price of $526.24 and a 200-day moving average price of $486.62. Lockheed Martin Corporation has a fifty-two week low of $410.11 and a fifty-two week high of $646.59. The stock has a market capitalization of $143.40 billion, a PE ratio of 29.00, a PEG ratio of 1.42 and a beta of 0.23.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Thursday, January 29th. The aerospace company reported $5.80 EPS for the quarter, missing analysts’ consensus estimates of $6.33 by ($0.53). The business had revenue of $20.32 billion during the quarter, compared to the consensus estimate of $19.84 billion. Lockheed Martin had a return on equity of 108.53% and a net margin of 6.69%.The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period last year, the firm earned $7.67 EPS. Equities analysts predict that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Profile

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.