American National Bank boosted its holdings in Lockheed Martin Co. (NYSE:LMT – Get Rating) by 0.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 24,721 shares of the aerospace company’s stock after acquiring an additional 114 shares during the quarter. Lockheed Martin comprises approximately 2.5% of American National Bank’s portfolio, making the stock its 8th biggest holding. American National Bank’s holdings in Lockheed Martin were worth $12,027,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. IMA Wealth Inc. increased its position in shares of Lockheed Martin by 41.8% in the second quarter. IMA Wealth Inc. now owns 78 shares of the aerospace company’s stock valued at $34,000 after buying an additional 23 shares in the last quarter. Optiver Holding B.V. purchased a new position in shares of Lockheed Martin in the third quarter valued at $36,000. Cowa LLC purchased a new position in shares of Lockheed Martin in the third quarter valued at $39,000. Heritage Wealth Management LLC purchased a new position in shares of Lockheed Martin in the second quarter valued at $42,000. Finally, Paragon Wealth Strategies LLC purchased a new position in shares of Lockheed Martin in the third quarter valued at $44,000. Hedge funds and other institutional investors own 75.18% of the company’s stock.
Insider Activity at Lockheed Martin
In related news, Director John Donovan acquired 556 shares of Lockheed Martin stock in a transaction on Wednesday, January 25th. The shares were bought at an average price of $451.20 per share, for a total transaction of $250,867.20. Following the completion of the purchase, the director now directly owns 2,324 shares in the company, valued at approximately $1,048,588.80. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Timothy S. Cahill sold 2,534 shares of Lockheed Martin stock in a transaction that occurred on Monday, March 6th. The shares were sold at an average price of $479.44, for a total transaction of $1,214,900.96. Following the sale, the executive vice president now owns 10,460 shares in the company, valued at $5,014,942.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John Donovan bought 556 shares of Lockheed Martin stock in a transaction dated Wednesday, January 25th. The shares were purchased at an average cost of $451.20 per share, for a total transaction of $250,867.20. Following the completion of the transaction, the director now owns 2,324 shares of the company’s stock, valued at approximately $1,048,588.80. The disclosure for this purchase can be found here. 0.17% of the stock is owned by insiders.
Lockheed Martin Stock Performance
Lockheed Martin (NYSE:LMT – Get Rating) last posted its quarterly earnings results on Tuesday, January 24th. The aerospace company reported $7.79 EPS for the quarter, beating the consensus estimate of $7.41 by $0.38. Lockheed Martin had a net margin of 8.69% and a return on equity of 68.01%. The firm had revenue of $18.99 billion for the quarter, compared to analyst estimates of $18.25 billion. During the same quarter last year, the firm posted $7.47 earnings per share. Lockheed Martin’s revenue for the quarter was up 7.1% compared to the same quarter last year. Equities analysts anticipate that Lockheed Martin Co. will post 26.86 earnings per share for the current year.
Lockheed Martin Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 24th. Investors of record on Wednesday, March 1st will be given a dividend of $3.00 per share. The ex-dividend date is Tuesday, February 28th. This represents a $12.00 dividend on an annualized basis and a yield of 2.58%. Lockheed Martin’s dividend payout ratio (DPR) is 55.27%.
Analysts Set New Price Targets
A number of research analysts have recently weighed in on LMT shares. Citigroup started coverage on Lockheed Martin in a research report on Thursday, December 8th. They issued a “buy” rating and a $546.00 price target for the company. Vertical Research lowered Lockheed Martin from a “buy” rating to a “hold” rating and set a $491.00 price objective on the stock. in a research note on Friday, January 6th. JPMorgan Chase & Co. increased their price objective on Lockheed Martin from $450.00 to $505.00 and gave the company a “neutral” rating in a research note on Monday, December 12th. The Goldman Sachs Group lowered Lockheed Martin from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $388.00 to $332.00 in a research note on Friday, January 13th. Finally, StockNews.com initiated coverage on Lockheed Martin in a research note on Thursday. They set a “buy” rating on the stock. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Lockheed Martin currently has an average rating of “Hold” and an average price target of $490.43.
About Lockheed Martin
Lockheed Martin Corp. is a global security and aerospace company, which engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services. It operates through the following business segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.
- Get a free copy of the StockNews.com research report on Lockheed Martin (LMT)
- MarketBeat Week in Review – 3/13 – 3/17
- This Small Tech With Big Growth Prospects Is Nearing A Buy Point
- Don’t Chase FedEx Higher, Wait For The Pullback
- 3 Stocks For A Defensive Tech Portfolio
- Milk the Dividends on These 3 Cash Cows
Want to see what other hedge funds are holding LMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lockheed Martin Co. (NYSE:LMT – Get Rating).
Receive News & Ratings for Lockheed Martin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lockheed Martin and related companies with MarketBeat.com's FREE daily email newsletter.