Community Bank & Trust Waco Texas Lowers Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

Community Bank & Trust Waco Texas reduced its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 2.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,999 shares of the aerospace company’s stock after selling 491 shares during the quarter. Lockheed Martin accounts for 2.3% of Community Bank & Trust Waco Texas’ portfolio, making the stock its 6th biggest holding. Community Bank & Trust Waco Texas’ holdings in Lockheed Martin were worth $8,611,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LMT. Bank Julius Baer & Co. Ltd Zurich lifted its holdings in Lockheed Martin by 73.0% in the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 64 shares of the aerospace company’s stock valued at $26,000 after acquiring an additional 27 shares during the period. Activest Wealth Management raised its stake in shares of Lockheed Martin by 1,200.0% in the fourth quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock worth $30,000 after buying an additional 60 shares during the period. Milestone Investment Advisors LLC bought a new position in shares of Lockheed Martin in the third quarter worth about $33,000. Providence Capital Advisors LLC bought a new position in shares of Lockheed Martin in the third quarter worth about $35,000. Finally, Iron Horse Wealth Management LLC raised its stake in shares of Lockheed Martin by 1,925.0% in the fourth quarter. Iron Horse Wealth Management LLC now owns 81 shares of the aerospace company’s stock worth $37,000 after buying an additional 77 shares during the period. 74.19% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Gregory M. Ulmer sold 6,204 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $431.19, for a total transaction of $2,675,102.76. Following the completion of the sale, the insider now directly owns 12,604 shares of the company’s stock, valued at approximately $5,434,718.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Lockheed Martin news, SVP Maryanne Lavan sold 4,022 shares of Lockheed Martin stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total transaction of $1,747,116.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gregory M. Ulmer sold 6,204 shares of Lockheed Martin stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $431.19, for a total value of $2,675,102.76. Following the sale, the insider now directly owns 12,604 shares of the company’s stock, valued at $5,434,718.76. The disclosure for this sale can be found here. In the last three months, insiders sold 16,874 shares of company stock valued at $7,249,946. Insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on LMT shares. The Goldman Sachs Group decreased their price objective on Lockheed Martin from $380.00 to $377.00 and set a “sell” rating on the stock in a research note on Tuesday. JPMorgan Chase & Co. upgraded Lockheed Martin from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $475.00 to $518.00 in a research report on Monday, April 15th. Royal Bank of Canada cut their target price on Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft raised their price target on Lockheed Martin from $438.00 to $472.00 in a report on Monday, January 22nd. Finally, Citigroup cut their price target on Lockheed Martin from $540.00 to $508.00 and set a “buy” rating for the company in a report on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Lockheed Martin has a consensus rating of “Hold” and an average price target of $475.80.

Lockheed Martin Trading Down 0.3 %

Shares of Lockheed Martin stock traded down $1.50 on Wednesday, reaching $458.58. The company had a trading volume of 339,418 shares, compared to its average volume of 1,165,965. The firm has a market cap of $110.28 billion, a price-to-earnings ratio of 16.68, a P/E/G ratio of 4.21 and a beta of 0.48. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.21 and a quick ratio of 1.03. The firm’s 50-day moving average price is $441.34 and its two-hundred day moving average price is $444.04. Lockheed Martin Co. has a 1 year low of $393.77 and a 1 year high of $480.92.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 EPS for the quarter, topping analysts’ consensus estimates of $5.80 by $0.53. Lockheed Martin had a return on equity of 79.91% and a net margin of 10.24%. The firm had revenue of $17.20 billion during the quarter, compared to analysts’ expectations of $16.04 billion. During the same quarter in the previous year, the business earned $6.43 EPS. The company’s quarterly revenue was up 13.7% on a year-over-year basis. As a group, research analysts predict that Lockheed Martin Co. will post 26.13 earnings per share for the current fiscal year.

Lockheed Martin 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.