Lockheed Martin Co. (NYSE:LMT) Shares Acquired by Independence Bank of Kentucky

Independence Bank of Kentucky boosted its holdings in Lockheed Martin Co. (NYSE:LMT) by 5.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,256 shares of the aerospace company’s stock after acquiring an additional 170 shares during the period. Independence Bank of Kentucky’s holdings in Lockheed Martin were worth $1,582,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in LMT. CVA Family Office LLC raised its position in Lockheed Martin by 1.1% in the 3rd quarter. CVA Family Office LLC now owns 1,548 shares of the aerospace company’s stock valued at $905,000 after purchasing an additional 17 shares during the last quarter. AllGen Financial Advisors Inc. increased its stake in shares of Lockheed Martin by 4.0% in the third quarter. AllGen Financial Advisors Inc. now owns 468 shares of the aerospace company’s stock valued at $274,000 after buying an additional 18 shares in the last quarter. Salomon & Ludwin LLC raised its holdings in shares of Lockheed Martin by 20.5% in the third quarter. Salomon & Ludwin LLC now owns 106 shares of the aerospace company’s stock valued at $62,000 after buying an additional 18 shares during the last quarter. Sunburst Financial Group LLC grew its holdings in Lockheed Martin by 3.3% during the 3rd quarter. Sunburst Financial Group LLC now owns 566 shares of the aerospace company’s stock worth $331,000 after acquiring an additional 18 shares during the last quarter. Finally, Quad Cities Investment Group LLC raised its stake in shares of Lockheed Martin by 1.2% in the third quarter. Quad Cities Investment Group LLC now owns 1,572 shares of the aerospace company’s stock worth $919,000 after acquiring an additional 19 shares during the last quarter. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Stock Performance

LMT stock opened at $462.53 on Friday. Lockheed Martin Co. has a 1-year low of $413.92 and a 1-year high of $618.95. The company has a current ratio of 1.13, a quick ratio of 1.12 and a debt-to-equity ratio of 3.10. The firm has a market cap of $108.88 billion, a PE ratio of 20.78, a P/E/G ratio of 3.78 and a beta of 0.48. The business’s 50-day moving average price is $492.29 and its two-hundred day moving average price is $536.42.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, beating analysts’ consensus estimates of $6.58 by $1.09. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. As a group, research analysts forecast that Lockheed Martin Co. will post 27.09 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders 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 yield of 2.85%. The ex-dividend date of this dividend is Monday, March 3rd. Lockheed Martin’s dividend payout ratio (DPR) is currently 59.30%.

Analyst Ratings Changes

LMT has been the subject of a number of research reports. StockNews.com lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating in a report on Friday. UBS Group cut their price target on Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating on the stock in a research note on Wednesday. JPMorgan Chase & Co. decreased their price target on Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating on the stock in a report on Thursday. Barclays cut their target price on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a research report on Monday, January 6th. Finally, Susquehanna lowered their price target on shares of Lockheed Martin from $590.00 to $550.00 and set a “positive” rating for the company in a research report on Wednesday. One analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Lockheed Martin presently has a consensus rating of “Moderate Buy” and an average price target of $555.60.

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.