Trust Co of Kansas Has $6.77 Million Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

Trust Co of Kansas lowered its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 3.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,925 shares of the aerospace company’s stock after selling 550 shares during the period. Lockheed Martin comprises about 3.7% of Trust Co of Kansas’ investment portfolio, making the stock its 13th biggest holding. Trust Co of Kansas’ holdings in Lockheed Martin were worth $6,765,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Bank Julius Baer & Co. Ltd Zurich raised its position in Lockheed Martin by 73.0% during 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 in the last quarter. Activest Wealth Management raised its holdings in shares of Lockheed Martin by 1,200.0% during the 4th quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 60 shares in the last quarter. Milestone Investment Advisors LLC acquired a new stake in shares of Lockheed Martin in the 3rd quarter valued at $33,000. Providence Capital Advisors LLC bought a new stake in Lockheed Martin in the third quarter worth $35,000. Finally, Iron Horse Wealth Management LLC raised its holdings in Lockheed Martin by 1,925.0% during the fourth quarter. Iron Horse Wealth Management LLC now owns 81 shares of the aerospace company’s stock valued at $37,000 after buying an additional 77 shares in the last quarter. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Lockheed Martin

In other news, SVP Maryanne Lavan sold 4,022 shares of the company’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total transaction of $1,747,116.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Lockheed Martin news, 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 in the company, valued at approximately $5,434,718.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Maryanne Lavan sold 4,022 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total transaction of $1,747,116.58. The disclosure for this sale can be found here. Insiders have sold 16,874 shares of company stock valued at $7,249,946 in the last 90 days. 0.14% of the stock is currently owned by company insiders.

Lockheed Martin Stock Down 0.3 %

LMT stock traded down $1.33 during mid-day trading on Tuesday, hitting $460.00. 1,409,022 shares of the company were exchanged, compared to its average volume of 1,171,423. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.03 and a current ratio of 1.21. Lockheed Martin Co. has a 1-year low of $393.77 and a 1-year high of $483.53. The firm’s 50 day simple moving average is $440.67 and its 200 day simple moving average is $443.62. The firm has a market cap of $110.63 billion, a P/E ratio of 16.69, a P/E/G ratio of 4.23 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, January 23rd. The aerospace company reported $7.90 EPS for the quarter, topping analysts’ consensus estimates of $7.26 by $0.64. The business had revenue of $18.87 billion for the quarter, compared to analyst estimates of $17.96 billion. Lockheed Martin had a net margin of 10.24% and a return on equity of 79.91%. The firm’s quarterly revenue was down .6% on a year-over-year basis. During the same period last year, the business posted $7.79 earnings per share. On average, sell-side analysts predict that Lockheed Martin Co. will post 26.13 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on LMT. Royal Bank of Canada lowered their price objective on Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 24th. Morgan Stanley dropped their price target on shares of Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 24th. The Goldman Sachs Group decreased their price objective on shares of Lockheed Martin from $380.00 to $377.00 and set a “sell” rating for the company in a report on Tuesday. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Lockheed Martin from $438.00 to $472.00 in a report on Monday, January 22nd. Finally, Citigroup dropped their price objective 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 analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Lockheed Martin presently has an average rating of “Hold” and an average target price of $475.80.

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.