Lockheed Martin Co. (NYSE:LMT) Shares Sold by Orrstown Financial Services Inc.

Orrstown Financial Services Inc. trimmed its position in shares of Lockheed Martin Co. (NYSE:LMT) by 34.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 675 shares of the aerospace company’s stock after selling 353 shares during the period. Orrstown Financial Services Inc.’s holdings in Lockheed Martin were worth $328,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Itau Unibanco Holding S.A. bought a new position in Lockheed Martin in the 3rd quarter worth approximately $26,000. Mattson Financial Services LLC bought a new position in shares of Lockheed Martin in the second quarter worth $27,000. Burkett Financial Services LLC acquired a new position in shares of Lockheed Martin during the third quarter valued at $32,000. Capital Performance Advisors LLP bought a new stake in shares of Lockheed Martin during the third quarter valued at about $40,000. Finally, Legacy Investment Solutions LLC acquired a new stake in Lockheed Martin in the third quarter worth about $42,000. Institutional investors own 74.19% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on LMT. StockNews.com cut shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 3rd. Citigroup lowered their price target on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a research report on Tuesday, January 21st. JPMorgan Chase & Co. decreased their target price on Lockheed Martin from $546.00 to $540.00 and set an “overweight” rating for the company in a research note on Thursday, January 16th. Barclays dropped their target price on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a report on Monday, January 6th. Finally, Robert W. Baird raised their target price on shares of Lockheed Martin from $519.00 to $626.00 in a report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Lockheed Martin currently has an average rating of “Moderate Buy” and a consensus price target of $571.40.

Lockheed Martin Stock Down 0.1 %

Shares of NYSE LMT traded down $0.27 during mid-day trading on Wednesday, reaching $457.18. 231,920 shares of the company traded hands, compared to its average volume of 1,300,756. The stock has a market cap of $108.37 billion, a PE ratio of 16.54, a price-to-earnings-growth ratio of 4.05 and a beta of 0.48. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.12 and a current ratio of 1.30. Lockheed Martin Co. has a fifty-two week low of $413.92 and a fifty-two week high of $618.95. The company’s fifty day moving average is $497.18 and its two-hundred day moving average is $537.55.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, beating analysts’ consensus estimates of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. On average, analysts expect that Lockheed Martin Co. will post 26.89 earnings per share for the current year.

Lockheed Martin Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be given a $3.30 dividend. This represents a $13.20 annualized dividend and a yield of 2.89%. Lockheed Martin’s payout ratio is 47.79%.

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.