1,990 Shares in Lockheed Martin Co. (NYSE:LMT) Bought by American National Bank & Trust Co. VA

American National Bank & Trust Co. VA acquired a new position in Lockheed Martin Co. (NYSE:LMT) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,990 shares of the aerospace company’s stock, valued at approximately $905,000.

Other institutional investors also recently modified their holdings of the company. Altshuler Shaham Ltd bought a new stake in Lockheed Martin during the fourth quarter valued at $26,000. Activest Wealth Management boosted its position in Lockheed Martin by 1,200.0% during the fourth quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 60 shares during the last quarter. Iron Horse Wealth Management LLC boosted its position in Lockheed Martin by 1,925.0% during the fourth quarter. Iron Horse Wealth Management LLC now owns 81 shares of the aerospace company’s stock valued at $37,000 after acquiring an additional 77 shares during the last quarter. Thompson Investment Management Inc. bought a new stake in Lockheed Martin during the first quarter valued at $38,000. Finally, TFC Financial Management Inc. boosted its position in Lockheed Martin by 206.9% during the fourth quarter. TFC Financial Management Inc. now owns 89 shares of the aerospace company’s stock valued at $40,000 after acquiring an additional 60 shares during the last quarter. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Up 0.1 %

Shares of LMT traded up $0.33 on Thursday, reaching $466.03. The company’s stock had a trading volume of 313,283 shares, compared to its average volume of 1,041,486. The company has a current ratio of 1.30, a quick ratio of 1.11 and a debt-to-equity ratio of 2.89. Lockheed Martin Co. has a twelve month low of $393.77 and a twelve month high of $479.50. The stock has a market capitalization of $111.82 billion, a PE ratio of 17.05, a PEG ratio of 4.38 and a beta of 0.46. The firm has a fifty day moving average of $465.19 and a 200-day moving average of $450.76.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share for the quarter, topping analysts’ consensus estimates of $5.80 by $0.53. Lockheed Martin had a net margin of 9.73% and a return on equity of 85.96%. The company had revenue of $17.20 billion for the quarter, compared to analyst estimates of $16.04 billion. During the same quarter in the prior year, the business posted $6.43 EPS. The firm’s revenue was up 13.7% compared to the same quarter last year. Equities analysts predict that Lockheed Martin Co. will post 26.17 EPS for the current year.

Lockheed Martin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Tuesday, September 3rd will be issued a $3.15 dividend. The ex-dividend date is Tuesday, September 3rd. This represents a $12.60 dividend on an annualized basis and a dividend yield of 2.70%. Lockheed Martin’s dividend payout ratio is presently 46.10%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on LMT shares. JPMorgan Chase & Co. raised shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and upped their price target for the company from $475.00 to $518.00 in a research report on Monday, April 15th. UBS Group upped their price objective on shares of Lockheed Martin from $482.00 to $499.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Citigroup upped their price objective on shares of Lockheed Martin from $508.00 to $525.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. The Goldman Sachs Group dropped their price objective on shares of Lockheed Martin from $380.00 to $377.00 and set a “sell” rating on the stock in a report on Tuesday, April 23rd. Finally, Wells Fargo & Company upped their price objective on shares of Lockheed Martin from $460.00 to $480.00 and gave the company an “equal weight” rating in a report on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $485.40.

About Lockheed Martin

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.