Lockheed Martin Co. (NYSE:LMT) Shares Acquired by American National Bank

American National Bank grew its holdings in Lockheed Martin Co. (NYSE:LMT) by 20.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 28,354 shares of the aerospace company’s stock after acquiring an additional 4,723 shares during the quarter. Lockheed Martin accounts for approximately 2.2% of American National Bank’s holdings, making the stock its 9th largest holding. American National Bank’s holdings in Lockheed Martin were worth $13,054,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Lee Financial Co lifted its holdings in shares of Lockheed Martin by 367.6% during the first quarter. Lee Financial Co now owns 477 shares of the aerospace company’s stock worth $210,000 after purchasing an additional 375 shares during the period. Vontobel Holding Ltd. lifted its holdings in shares of Lockheed Martin by 240.0% during the first quarter. Vontobel Holding Ltd. now owns 4,124 shares of the aerospace company’s stock worth $1,821,000 after purchasing an additional 2,911 shares during the period. Sei Investments Co. lifted its holdings in shares of Lockheed Martin by 56.8% during the first quarter. Sei Investments Co. now owns 23,153 shares of the aerospace company’s stock worth $9,995,000 after purchasing an additional 8,389 shares during the period. NewEdge Advisors LLC raised its position in Lockheed Martin by 18.4% during the first quarter. NewEdge Advisors LLC now owns 28,807 shares of the aerospace company’s stock valued at $12,716,000 after acquiring an additional 4,472 shares in the last quarter. Finally, Mackenzie Financial Corp raised its position in Lockheed Martin by 20.4% during the first quarter. Mackenzie Financial Corp now owns 107,366 shares of the aerospace company’s stock valued at $47,391,000 after acquiring an additional 18,201 shares in the last quarter. Institutional investors and hedge funds own 74.26% of the company’s stock.

Insider Buying and Selling

In other news, Director John Donovan acquired 548 shares of the business’s stock in a transaction that occurred on Wednesday, July 19th. The stock was purchased 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 owns 3,378 shares in the company, valued at $1,543,982.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.17% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on LMT. Morgan Stanley reiterated an “equal weight” rating and set a $532.00 price target on shares of Lockheed Martin in a research report on Wednesday, July 19th. StockNews.com began coverage on Lockheed Martin in a research report on Thursday, August 17th. They set a “buy” rating for the company. Susquehanna reduced their price target on Lockheed Martin from $575.00 to $550.00 and set a “positive” rating for the company in a research report on Wednesday, July 19th. Citigroup reduced their price target on Lockheed Martin from $579.00 to $555.00 in a research report on Wednesday, July 19th. Finally, Royal Bank of Canada reduced their price target on Lockheed Martin from $500.00 to $475.00 and set a “sector perform” rating for the company in a research report on Wednesday, July 19th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $499.43.

Lockheed Martin Price Performance

Shares of NYSE LMT opened at $429.69 on Tuesday. The firm has a 50-day simple moving average of $447.76 and a 200-day simple moving average of $459.96. The stock has a market capitalization of $108.21 billion, a price-to-earnings ratio of 15.71, a price-to-earnings-growth ratio of 2.41 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 Co. has a 52 week low of $381.55 and a 52 week high of $508.10.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, July 18th. The aerospace company reported $6.73 EPS for the quarter, beating analysts’ consensus estimates of $6.45 by $0.28. The business had revenue of $16.69 billion during the quarter, compared to analysts’ expectations of $15.92 billion. Lockheed Martin had a net margin of 10.48% and a return on equity of 71.67%. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the business earned $6.32 earnings per share. On average, equities analysts predict that Lockheed Martin Co. will post 27.07 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 1st will be given a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date of this dividend is Thursday, August 31st. Lockheed Martin’s dividend payout ratio (DPR) is 43.88%.

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