Bank of Jackson Hole Trust Makes New $733,000 Investment in Lockheed Martin Co. (NYSE:LMT)

Bank of Jackson Hole Trust acquired a new position in shares of Lockheed Martin Co. (NYSE:LMT) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,509 shares of the aerospace company’s stock, valued at approximately $733,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Callahan Advisors LLC boosted its position in Lockheed Martin by 46.0% during the fourth quarter. Callahan Advisors LLC now owns 4,615 shares of the aerospace company’s stock worth $2,243,000 after purchasing an additional 1,454 shares during the period. Kentucky Retirement Systems Insurance Trust Fund lifted its holdings in shares of Lockheed Martin by 51.7% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 9,528 shares of the aerospace company’s stock worth $4,630,000 after buying an additional 3,247 shares in the last quarter. Bfsg LLC lifted its holdings in shares of Lockheed Martin by 3.3% during the fourth quarter. Bfsg LLC now owns 4,666 shares of the aerospace company’s stock worth $2,267,000 after buying an additional 149 shares in the last quarter. Kestra Investment Management LLC lifted its holdings in shares of Lockheed Martin by 59.9% during the fourth quarter. Kestra Investment Management LLC now owns 1,362 shares of the aerospace company’s stock worth $662,000 after buying an additional 510 shares in the last quarter. Finally, D.A. Davidson & CO. raised its stake in Lockheed Martin by 0.4% in the fourth quarter. D.A. Davidson & CO. now owns 37,992 shares of the aerospace company’s stock valued at $18,462,000 after purchasing an additional 142 shares in the last quarter. 74.19% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on LMT. JPMorgan Chase & Co. dropped their price target on Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. Barclays dropped their price target on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a research note on Monday, January 6th. Wells Fargo & Company dropped their price target on Lockheed Martin from $500.00 to $497.00 and set an “equal weight” rating for the company in a research note on Thursday, January 30th. Citigroup lowered their target price on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a research note on Tuesday, January 21st. Finally, UBS Group lowered their target price on Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating for the company in a research note on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Lockheed Martin presently has a consensus rating of “Moderate Buy” and an average price target of $555.60.

Lockheed Martin Price Performance

Shares of LMT opened at $428.35 on Wednesday. Lockheed Martin Co. has a 52-week low of $419.70 and a 52-week high of $618.95. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13. The business’s 50 day moving average price is $473.65 and its two-hundred day moving average price is $531.03. The firm has a market cap of $100.83 billion, a PE ratio of 19.24, a price-to-earnings-growth ratio of 2.00 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. On average, equities analysts anticipate that Lockheed Martin Co. will post 27.14 EPS for the current year.

Lockheed Martin Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be given a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date is Monday, March 3rd. Lockheed Martin’s payout ratio is 59.30%.

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.