American Trust Sells 100 Shares of Lockheed Martin Co. (NYSE:LMT)

American Trust trimmed its holdings in Lockheed Martin Co. (NYSE:LMT) by 7.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,294 shares of the aerospace company’s stock after selling 100 shares during the quarter. American Trust’s holdings in Lockheed Martin were worth $604,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Sachetta LLC raised its holdings in shares of Lockheed Martin by 50.0% in the second quarter. Sachetta LLC now owns 60 shares of the aerospace company’s stock valued at $28,000 after buying an additional 20 shares during the last quarter. Wiser Advisor Group LLC raised its holdings in Lockheed Martin by 65.8% during the 1st quarter. Wiser Advisor Group LLC now owns 63 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 25 shares during the last quarter. Edmond DE Rothschild Holding S.A. bought a new stake in Lockheed Martin during the 1st quarter worth about $30,000. Stephens Consulting LLC raised its holdings in Lockheed Martin by 48.9% during the 2nd quarter. Stephens Consulting LLC now owns 67 shares of the aerospace company’s stock worth $31,000 after purchasing an additional 22 shares during the last quarter. Finally, Ridgewood Investments LLC bought a new stake in Lockheed Martin during the 2nd quarter worth about $35,000. 74.19% of the stock is owned by institutional investors.

Insider Activity at Lockheed Martin

In other Lockheed Martin news, insider Timothy S. Cahill sold 3,975 shares of the company’s stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $515.36, for a total transaction of $2,048,556.00. Following the completion of the transaction, the insider now owns 8,877 shares of the company’s stock, valued at approximately $4,574,850.72. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.17% of the stock is owned by insiders.

Lockheed Martin Price Performance

Shares of LMT opened at $603.31 on Thursday. The company has a debt-to-equity ratio of 3.10, a quick ratio of 1.07 and a current ratio of 1.24. The stock has a 50 day simple moving average of $562.41 and a 200 day simple moving average of $497.26. Lockheed Martin Co. has a 52-week low of $393.77 and a 52-week high of $611.49. The firm has a market capitalization of $144.76 billion, a PE ratio of 22.08, a P/E/G ratio of 4.66 and a beta of 0.47.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, July 23rd. The aerospace company reported $7.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.45 by $0.66. Lockheed Martin had a return on equity of 95.03% and a net margin of 9.48%. The business had revenue of $18.12 billion during the quarter, compared to analyst estimates of $17.05 billion. During the same period in the previous year, the firm earned $6.73 EPS. Lockheed Martin’s quarterly revenue was up 8.6% compared to the same quarter last year. Sell-side analysts predict that Lockheed Martin Co. will post 26.65 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Melius raised Lockheed Martin from a “hold” rating to a “buy” rating and set a $704.00 price objective for the company in a report on Tuesday, September 3rd. Morgan Stanley boosted their price objective on Lockheed Martin from $503.00 to $599.00 and gave the stock an “equal weight” rating in a report on Friday, August 9th. Deutsche Bank Aktiengesellschaft raised Lockheed Martin from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $540.00 to $600.00 in a report on Friday, July 26th. Melius Research raised Lockheed Martin to a “strong-buy” rating in a research note on Tuesday, September 3rd. Finally, Bank of America reaffirmed a “buy” rating and issued a $635.00 price target on shares of Lockheed Martin in a research note on Friday, August 30th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $553.43.

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.