Sanibel Captiva Trust Company Inc. Purchases 968 Shares of Lockheed Martin Co. (NYSE:LMT)

Sanibel Captiva Trust Company Inc. grew its position in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 7.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,138 shares of the aerospace company's stock after acquiring an additional 968 shares during the quarter. Sanibel Captiva Trust Company Inc.'s holdings in Lockheed Martin were worth $6,870,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also added to or reduced their stakes in LMT. Geode Capital Management LLC increased its stake in shares of Lockheed Martin by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 4,827,645 shares of the aerospace company's stock worth $2,816,898,000 after purchasing an additional 83,997 shares during the last quarter. FMR LLC increased its stake in Lockheed Martin by 6.6% in the 3rd quarter. FMR LLC now owns 3,389,025 shares of the aerospace company's stock worth $1,981,088,000 after acquiring an additional 209,591 shares during the last quarter. Wellington Management Group LLP raised its stake in Lockheed Martin by 8.5% in the third quarter. Wellington Management Group LLP now owns 3,074,855 shares of the aerospace company's stock valued at $1,797,437,000 after purchasing an additional 240,306 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Lockheed Martin by 1.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,942,658 shares of the aerospace company's stock worth $902,714,000 after acquiring an additional 31,545 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in shares of Lockheed Martin by 60,592.0% in the 3rd quarter. International Assets Investment Management LLC now owns 1,559,178 shares of the aerospace company's stock worth $911,433,000 after purchasing an additional 1,556,609 shares in the last quarter. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Lockheed Martin Stock Up 0.8 %

Shares of LMT traded up $3.74 during mid-day trading on Friday, reaching $490.60. The company had a trading volume of 1,331,181 shares, compared to its average volume of 1,037,778. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.12 and a current ratio of 1.30. The company has a market capitalization of $116.29 billion, a price-to-earnings ratio of 17.76, a price-to-earnings-growth ratio of 3.76 and a beta of 0.48. The firm has a 50-day moving average price of $504.80 and a 200 day moving average price of $535.05. Lockheed Martin Co. has a 52 week low of $413.92 and a 52 week high of $618.95.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 EPS for the quarter, topping analysts' consensus estimates of $6.50 by $0.34. The firm had revenue of $17.10 billion for the quarter, compared to analysts' expectations of $17.38 billion. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The company's quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the firm posted $6.77 earnings per share. On average, sell-side analysts forecast that Lockheed Martin Co. will post 26.89 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on LMT shares. Truist Financial began coverage on shares of Lockheed Martin in a report on Tuesday. They set a "buy" rating and a $579.00 target price on the stock. TD Cowen upped their price target on shares of Lockheed Martin from $560.00 to $610.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. Citigroup raised their price target on shares of Lockheed Martin from $570.00 to $700.00 and gave the stock a "buy" rating in a report on Thursday, October 10th. Robert W. Baird upped their price objective on shares of Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. Finally, Royal Bank of Canada cut their target price on Lockheed Martin from $675.00 to $665.00 and set an "outperform" rating on the stock in a research note on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Lockheed Martin presently has an average rating of "Moderate Buy" and a consensus target price of $584.40.

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.