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

Trust Co of Kansas lessened its position in shares of Lockheed Martin Co. (NYSE:LMT) by 3.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 14,925 shares of the aerospace company’s stock after selling 550 shares during the period. Lockheed Martin makes up 3.7% of Trust Co of Kansas’ holdings, making the stock its 13th biggest holding. Trust Co of Kansas’ holdings in Lockheed Martin were worth $6,765,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vontobel Holding Ltd. increased its stake in shares of Lockheed Martin by 60.9% in the 3rd quarter. Vontobel Holding Ltd. now owns 3,385 shares of the aerospace company’s stock valued at $1,384,000 after acquiring an additional 1,281 shares in the last quarter. Flagship Harbor Advisors LLC grew its holdings in Lockheed Martin by 2.6% in the third quarter. Flagship Harbor Advisors LLC now owns 2,957 shares of the aerospace company’s stock worth $1,209,000 after purchasing an additional 74 shares during the period. Impact Partnership Wealth LLC increased its stake in Lockheed Martin by 1,926.8% in the third quarter. Impact Partnership Wealth LLC now owns 831 shares of the aerospace company’s stock valued at $340,000 after purchasing an additional 790 shares in the last quarter. Elevated Capital Advisors LLC raised its holdings in shares of Lockheed Martin by 3.5% during the third quarter. Elevated Capital Advisors LLC now owns 709 shares of the aerospace company’s stock valued at $290,000 after purchasing an additional 24 shares during the period. Finally, 1900 Wealth Management LLC boosted its position in shares of Lockheed Martin by 74.3% during the 3rd quarter. 1900 Wealth Management LLC now owns 863 shares of the aerospace company’s stock worth $353,000 after purchasing an additional 368 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Insider Buying and Selling at Lockheed Martin

In other Lockheed Martin news, SVP Maryanne Lavan sold 4,022 shares of Lockheed Martin stock in a transaction that occurred on Tuesday, March 5th. The shares were 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 is available through this hyperlink. In other news, insider Gregory M. Ulmer sold 6,204 shares of the company’s 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 completion of the sale, the insider now 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 the SEC website. Also, SVP Maryanne Lavan sold 4,022 shares of the business’s 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 disclosure for this sale can be found here. Insiders have sold a total of 16,874 shares of company stock worth $7,249,946 over the last three months. 0.14% of the stock is currently owned by insiders.

Lockheed Martin Stock Performance

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

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, January 23rd. The aerospace company reported $7.90 earnings per share for the quarter, topping analysts’ consensus estimates of $7.26 by $0.64. The company had revenue of $18.87 billion for the quarter, compared to the consensus estimate 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 in the previous year, the firm earned $7.79 EPS. On average, equities analysts forecast that Lockheed Martin Co. will post 26.13 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Susquehanna dropped their price target on Lockheed Martin from $550.00 to $540.00 and set a “positive” rating on the stock in a research note on Wednesday, January 24th. UBS Group cut their target price on Lockheed Martin from $488.00 to $475.00 and set a “neutral” rating on the stock in a report on Wednesday, January 24th. Morgan Stanley lowered their price objective on shares of Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 24th. The Goldman Sachs Group reduced 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. Finally, Citigroup lowered their target price on shares of Lockheed Martin from $540.00 to $508.00 and set a “buy” rating on the stock in a report on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus 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.