Godsey & Gibb Inc. Sells 50 Shares of Lockheed Martin Co. (NYSE:LMT)

Godsey & Gibb Inc. lowered its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 11.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 375 shares of the aerospace company’s stock after selling 50 shares during the quarter. Godsey & Gibb Inc.’s holdings in Lockheed Martin were worth $182,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Itau Unibanco Holding S.A. bought a new position in shares of Lockheed Martin in the 3rd quarter worth approximately $26,000. Mattson Financial Services LLC purchased a new stake in Lockheed Martin in the second quarter worth $27,000. Burkett Financial Services LLC bought a new position in Lockheed Martin in the third quarter worth $32,000. Capital Performance Advisors LLP purchased a new position in Lockheed Martin during the third quarter valued at $40,000. Finally, Legacy Investment Solutions LLC bought a new stake in shares of Lockheed Martin during the 3rd quarter valued at $42,000. 74.19% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on LMT shares. Citigroup increased their price target on shares of Lockheed Martin from $570.00 to $700.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Wells Fargo & Company lowered their target price on shares of Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating for the company in a report on Wednesday, January 8th. Robert W. Baird raised their price objective on Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday, October 22nd. Truist Financial began coverage on Lockheed Martin in a report on Tuesday. They issued a “buy” rating and a $579.00 target price on the stock. Finally, UBS Group raised their price target on Lockheed Martin from $589.00 to $603.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Lockheed Martin has a consensus rating of “Moderate Buy” and a consensus target price of $590.40.

Lockheed Martin Stock Performance

Shares of NYSE LMT opened at $483.71 on Thursday. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 2.66. The firm’s 50-day moving average price is $508.95 and its 200-day moving average price is $535.59. Lockheed Martin Co. has a 52-week low of $413.92 and a 52-week high of $618.95. The company has a market cap of $114.66 billion, a PE ratio of 17.51, a PEG ratio of 4.05 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.50 by $0.34. The company had revenue of $17.10 billion for the quarter, compared to analysts’ expectations of $17.38 billion. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the company posted $6.77 earnings per share. As a group, analysts anticipate that Lockheed Martin Co. will post 26.88 EPS for the current year.

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.