UMB Bank n.a. Decreases Position in Lockheed Martin Co. (NYSE:LMT)

UMB Bank n.a. lessened its stake in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 34.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,277 shares of the aerospace company's stock after selling 8,648 shares during the period. UMB Bank n.a.'s holdings in Lockheed Martin were worth $7,910,000 as of its most recent SEC filing.

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

Lockheed Martin Stock Performance

Shares of LMT stock traded up $3.74 during trading hours on Monday, 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 business has a fifty day moving average price of $504.80 and a 200-day moving average price of $536.03. Lockheed Martin Co. has a one year low of $413.92 and a one year high of $618.95. The firm has a market cap of $116.29 billion, a PE ratio of 17.76, a price-to-earnings-growth ratio of 3.76 and a beta of 0.48.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted 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 business had revenue of $17.10 billion during the quarter, compared to the consensus estimate of $17.38 billion. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The firm's revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $6.77 EPS. Sell-side analysts predict that Lockheed Martin Co. will post 26.89 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on LMT. Susquehanna dropped their price objective on shares of Lockheed Martin from $695.00 to $590.00 and set a "positive" rating for the company in a report on Wednesday, January 8th. Citigroup boosted their price objective on shares of Lockheed Martin from $570.00 to $700.00 and gave the company a "buy" rating in a research report on Thursday, October 10th. UBS Group raised their price target on Lockheed Martin from $589.00 to $603.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 23rd. Barclays decreased their target price on Lockheed Martin from $565.00 to $515.00 and set an "equal weight" rating for the company in a research report on Monday, January 6th. Finally, Wells Fargo & Company dropped their price objective on shares of Lockheed Martin from $543.00 to $500.00 and set an "equal weight" rating on the stock in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Lockheed Martin presently has an average rating of "Moderate Buy" and a consensus target price of $584.40.

About Lockheed Martin

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.