Raymond James Trust N.A. trimmed its holdings in Lockheed Martin Co. (NYSE:LMT) by 1.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,502 shares of the aerospace company’s stock after selling 518 shares during the quarter. Raymond James Trust N.A.’s holdings in Lockheed Martin were worth $11,098,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Chesley Taft & Associates LLC lifted its holdings in Lockheed Martin by 0.6% in the third quarter. Chesley Taft & Associates LLC now owns 4,496 shares of the aerospace company’s stock worth $1,754,000 after buying an additional 26 shares during the period. Washington Trust Bank raised its position in shares of Lockheed Martin by 2.0% during the 3rd quarter. Washington Trust Bank now owns 1,459 shares of the aerospace company’s stock valued at $569,000 after buying an additional 28 shares in the last quarter. Nvwm LLC raised its position in shares of Lockheed Martin by 1.4% during the 3rd quarter. Nvwm LLC now owns 2,096 shares of the aerospace company’s stock valued at $818,000 after buying an additional 28 shares in the last quarter. Karp Capital Management Corp raised its position in shares of Lockheed Martin by 1.0% during the 3rd quarter. Karp Capital Management Corp now owns 2,804 shares of the aerospace company’s stock valued at $1,094,000 after buying an additional 28 shares in the last quarter. Finally, Indiana Trust & Investment Management CO raised its position in shares of Lockheed Martin by 3.3% during the 4th quarter. Indiana Trust & Investment Management CO now owns 880 shares of the aerospace company’s stock valued at $343,000 after buying an additional 28 shares in the last quarter. 78.42% of the stock is currently owned by institutional investors.

NYSE:LMT traded down $2.88 during mid-day trading on Tuesday, hitting $416.14. 967,223 shares of the stock traded hands, compared to its average volume of 1,487,500. The stock has a market capitalization of $117.40 billion, a price-to-earnings ratio of 23.31, a PEG ratio of 2.41 and a beta of 0.94. Lockheed Martin Co. has a 52 week low of $270.63 and a 52 week high of $420.96. The firm’s 50 day moving average is $394.19 and its two-hundred day moving average is $381.65. The company has a quick ratio of 1.05, a current ratio of 1.28 and a debt-to-equity ratio of 3.21.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, October 22nd. The aerospace company reported $5.66 EPS for the quarter, topping the Zacks’ consensus estimate of $5.02 by $0.64. The business had revenue of $15.17 billion for the quarter, compared to the consensus estimate of $14.87 billion. Lockheed Martin had a net margin of 10.26% and a return on equity of 221.59%. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.14 EPS. As a group, research analysts predict that Lockheed Martin Co. will post 21.62 EPS for the current year.

Lockheed Martin declared that its Board of Directors has approved a share buyback program on Thursday, September 26th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the aerospace company to repurchase up to 1% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its shares are undervalued.

LMT has been the topic of several recent research reports. Buckingham Research upped their target price on shares of Lockheed Martin from $405.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. They noted that the move was a valuation call. Barclays restated a “hold” rating and set a $410.00 target price on shares of Lockheed Martin in a research report on Wednesday, October 9th. Credit Suisse Group cut their price target on shares of Lockheed Martin from $401.00 to $385.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Morgan Stanley upped their price target on shares of Lockheed Martin from $364.00 to $375.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Finally, ValuEngine downgraded shares of Lockheed Martin from a “hold” rating to a “sell” rating in a report on Saturday, October 19th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $379.58.

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. It operates through four segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.

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Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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