Legacy Private Trust Co. Has $4.47 Million Stake in Lockheed Martin Co. (NYSE:LMT)

Legacy Private Trust Co. raised its position in Lockheed Martin Co. (NYSE:LMT) by 2.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,714 shares of the aerospace company’s stock after purchasing an additional 209 shares during the quarter. Legacy Private Trust Co.’s holdings in Lockheed Martin were worth $4,472,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Mcdonald Partners LLC raised its holdings in shares of Lockheed Martin by 1.1% in the 1st quarter. Mcdonald Partners LLC now owns 1,865 shares of the aerospace company’s stock worth $882,000 after purchasing an additional 20 shares during the period. Amplius Wealth Advisors LLC raised its holdings in shares of Lockheed Martin by 2.6% in the 1st quarter. Amplius Wealth Advisors LLC now owns 815 shares of the aerospace company’s stock worth $385,000 after purchasing an additional 21 shares during the period. Alhambra Investment Partners LLC raised its holdings in shares of Lockheed Martin by 4.8% in the 1st quarter. Alhambra Investment Partners LLC now owns 476 shares of the aerospace company’s stock worth $225,000 after purchasing an additional 22 shares during the period. M Holdings Securities Inc. raised its holdings in shares of Lockheed Martin by 0.3% in the 4th quarter. M Holdings Securities Inc. now owns 8,113 shares of the aerospace company’s stock worth $3,948,000 after purchasing an additional 23 shares during the period. Finally, Connecticut Wealth Management LLC raised its holdings in shares of Lockheed Martin by 4.8% in the 1st quarter. Connecticut Wealth Management LLC now owns 498 shares of the aerospace company’s stock worth $235,000 after purchasing an additional 23 shares during the period. Institutional investors and hedge funds own 74.26% of the company’s stock.

Lockheed Martin Price Performance

NYSE:LMT traded up $0.42 during midday trading on Friday, hitting $426.31. The company had a trading volume of 386,712 shares, compared to its average volume of 1,194,916. Lockheed Martin Co. has a 52-week low of $381.55 and a 52-week high of $508.10. The stock’s fifty day moving average price is $449.17 and its 200-day moving average price is $460.79. The company has a market capitalization of $107.36 billion, a PE ratio of 15.65, a P/E/G ratio of 2.40 and a beta of 0.65. The company has a quick ratio of 1.16, a current ratio of 1.36 and a debt-to-equity ratio of 1.87.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, July 18th. The aerospace company reported $6.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.45 by $0.28. Lockheed Martin had a net margin of 10.48% and a return on equity of 71.67%. The company had revenue of $16.69 billion during the quarter, compared to analyst estimates of $15.92 billion. During the same period in the previous year, the business earned $6.32 earnings per share. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. As a group, research analysts expect that Lockheed Martin Co. will post 27.07 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, September 22nd. Shareholders of record on Friday, September 1st will be given a dividend of $3.00 per share. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $12.00 annualized dividend and a yield of 2.81%. Lockheed Martin’s payout ratio is 43.88%.

Insider Buying and Selling at Lockheed Martin

In other Lockheed Martin news, Director John Donovan purchased 548 shares of the business’s stock in a transaction on Wednesday, July 19th. The stock was acquired at an average cost of $457.07 per share, for a total transaction of $250,474.36. Following the completion of the transaction, the director now directly owns 3,378 shares in the company, valued at approximately $1,543,982.46. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on LMT shares. Morgan Stanley reaffirmed an “equal weight” rating and issued a $532.00 price target on shares of Lockheed Martin in a report on Wednesday, July 19th. Wells Fargo & Company boosted their target price on shares of Lockheed Martin from $433.00 to $440.00 in a report on Wednesday, July 19th. StockNews.com assumed coverage on shares of Lockheed Martin in a report on Thursday, August 17th. They set a “buy” rating on the stock. Royal Bank of Canada lowered their target price on shares of Lockheed Martin from $500.00 to $475.00 and set a “sector perform” rating on the stock in a report on Wednesday, July 19th. Finally, Citigroup lowered their target price on shares of Lockheed Martin from $579.00 to $555.00 in a report on Wednesday, July 19th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $499.43.

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. It operates through four segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space.