Rockland Trust Co. Trims Investment in Lockheed Martin Co.

Lockheed Martin Stock

Lockheed Martin Co. (LMT:NYE) experienced a reduction in the holdings of Rockland Trust Co. during the fourth quarter. The institutional investor sold 305 shares, or 38.9%, of its stake in the aerospace company, leaving it with 480 Lockheed Martin stock shares worth $234,000 at the end of the quarter.

Other institutional investors and hedge funds have also made transactions with LMT stock. Meanwhile, Director John Donovan acquired 556 shares of LMT stock in January, valued at $451.20 per share, while Executive Vice President Timothy S. Cahill sold 2,534 shares in March for an average price of $479.44 per share.

 

Lockheed Martin Stock Analysis:

Analyst ratings have been mixed with a consensus “Hold” rating and an average Lockheed Martin stock price target of $478.73.

On Monday, LMT stock opened at $472.73 and experienced a 0.1% decrease. Its market cap is $120.32 billion, and its P/E ratio is 21.77 with a P/E/G ratio of 2.57 and a beta of 0.68.

LMT Ratings by Stock Target Advisor

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. It operates through four segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space.  Lockheed Martin Corporation was founded in 1912 and is headquartered in Bethesda, Maryland.

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