NBT Bank N A NY Sells 336 Shares of Lockheed Martin Corporation $LMT

NBT Bank N A NY lessened its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 3.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,277 shares of the aerospace company’s stock after selling 336 shares during the quarter. NBT Bank N A NY’s holdings in Lockheed Martin were worth $4,297,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LMT. Charles Schwab Investment Management Inc. boosted its position in shares of Lockheed Martin by 7.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 8,031,528 shares of the aerospace company’s stock valued at $3,587,444,000 after acquiring an additional 560,457 shares during the period. Nuveen LLC bought a new stake in Lockheed Martin during the first quarter valued at approximately $221,790,000. AQR Capital Management LLC raised its stake in shares of Lockheed Martin by 76.7% during the first quarter. AQR Capital Management LLC now owns 808,232 shares of the aerospace company’s stock worth $361,045,000 after acquiring an additional 350,796 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its stake in shares of Lockheed Martin by 17,506.3% during the first quarter. T. Rowe Price Investment Management Inc. now owns 304,413 shares of the aerospace company’s stock worth $135,985,000 after acquiring an additional 302,684 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Lockheed Martin by 59.3% during the first quarter. The Manufacturers Life Insurance Company now owns 747,373 shares of the aerospace company’s stock worth $333,859,000 after acquiring an additional 278,121 shares in the last quarter. Institutional investors own 74.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on LMT. Cowen downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Thursday, July 10th. JPMorgan Chase & Co. decreased their price target on shares of Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 23rd. Royal Bank Of Canada decreased their target price on shares of Lockheed Martin from $480.00 to $440.00 and set a “sector perform” rating on the stock in a research note on Wednesday, July 23rd. Susquehanna decreased their target price on shares of Lockheed Martin from $550.00 to $490.00 and set a “positive” rating on the stock in a research note on Wednesday, July 23rd. Finally, UBS Group decreased their target price on shares of Lockheed Martin from $498.00 to $453.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and fifteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $497.13.

Lockheed Martin Stock Performance

Shares of LMT stock opened at $511.28 on Wednesday. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $618.95. The stock has a market cap of $119.36 billion, a PE ratio of 28.79, a price-to-earnings-growth ratio of 1.81 and a beta of 0.28. The company has a current ratio of 0.98, a quick ratio of 0.83 and a debt-to-equity ratio of 3.47. The company’s fifty day moving average price is $459.57 and its 200-day moving average price is $461.53.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 EPS for the quarter, beating analysts’ consensus estimates of $6.57 by $0.72. The firm had revenue of $18.16 billion for the quarter, compared to analysts’ expectations of $18.59 billion. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The company’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the business posted $7.11 EPS. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. On average, equities analysts expect that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

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.