MassMutual Private Wealth & Trust FSB Lowers Stock Position in Lockheed Martin Co. (NYSE:LMT)

MassMutual Private Wealth & Trust FSB decreased its holdings in Lockheed Martin Co. (NYSE:LMT - Free Report) by 2.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,356 shares of the aerospace company's stock after selling 568 shares during the quarter. MassMutual Private Wealth & Trust FSB's holdings in Lockheed Martin were worth $11,350,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Itau Unibanco Holding S.A. acquired a new position in shares of Lockheed Martin in the 3rd quarter worth approximately $26,000. Mattson Financial Services LLC acquired a new position in Lockheed Martin in the second quarter valued at $27,000. Burkett Financial Services LLC bought a new stake in Lockheed Martin during the third quarter valued at $32,000. Capital Performance Advisors LLP bought a new stake in Lockheed Martin during the third quarter valued at $40,000. Finally, Legacy Investment Solutions LLC acquired a new stake in Lockheed Martin during the 3rd quarter worth about $42,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Stock Up 0.8 %

NYSE:LMT traded up $3.74 during trading hours on Monday, hitting $490.60. 1,331,181 shares of the company traded hands, compared to its average volume of 1,037,778. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 2.66. The company has a market cap of $116.29 billion, a PE ratio of 17.76, a PEG ratio of 3.76 and a beta of 0.48. The firm's 50-day simple moving average is $504.80 and its 200-day simple moving average is $536.03. Lockheed Martin Co. has a one year low of $413.92 and a one year high of $618.95.

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

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. 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 report on Wednesday, October 23rd. Susquehanna cut their price target on Lockheed Martin from $695.00 to $590.00 and set a "positive" rating on the stock in a report on Wednesday, January 8th. Citigroup raised their price objective on shares of Lockheed Martin from $570.00 to $700.00 and gave the stock a "buy" rating in a research report on Thursday, October 10th. JPMorgan Chase & Co. dropped 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. Finally, StockNews.com cut shares of Lockheed Martin from a "strong-buy" rating to a "buy" rating in a report on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target 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.