Chemung Canal Trust Co. Sells 113 Shares of Lockheed Martin Co. (NYSE:LMT)

Chemung Canal Trust Co. decreased its holdings in Lockheed Martin Co. (NYSE:LMT) by 13.2% in the 4th quarter, HoldingsChannel reports. The firm owned 742 shares of the aerospace company’s stock after selling 113 shares during the quarter. Chemung Canal Trust Co.’s holdings in Lockheed Martin were worth $361,000 at the end of the most recent reporting period.

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

Lockheed Martin Trading Down 0.1 %

NYSE:LMT opened at $496.96 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 2.66. Lockheed Martin Co. has a twelve month low of $413.92 and a twelve month high of $618.95. The company has a market cap of $117.80 billion, a P/E ratio of 17.99, a price-to-earnings-growth ratio of 4.05 and a beta of 0.48. The business has a 50 day moving average price of $500.00 and a two-hundred day moving average price of $535.98.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share for the quarter, beating analysts’ consensus estimates of $6.50 by $0.34. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The business had revenue of $17.10 billion during the quarter, compared to the consensus estimate of $17.38 billion. During the same quarter last year, the firm earned $6.77 earnings per share. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. As a group, analysts expect that Lockheed Martin Co. will post 26.89 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Truist Financial assumed coverage on Lockheed Martin in a research note on Tuesday, January 14th. They issued a “buy” rating and a $579.00 price target on the stock. Barclays reduced their price objective on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a research note on Monday, January 6th. Deutsche Bank Aktiengesellschaft lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating and cut their target price for the stock from $611.00 to $523.00 in a report on Thursday, January 2nd. Susquehanna reduced their price target on shares of Lockheed Martin from $695.00 to $590.00 and set a “positive” rating on the stock in a research report on Wednesday, January 8th. Finally, TD Cowen raised their price objective on Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Lockheed Martin currently has a consensus rating of “Moderate Buy” and a consensus price target of $577.73.

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.