HTLF Bank Invests $227,000 in Lockheed Martin Co. (NYSE:LMT)

HTLF Bank bought a new position in shares of Lockheed Martin Co. (NYSE:LMT) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 501 shares of the aerospace company’s stock, valued at approximately $227,000.

Several other hedge funds have also modified their holdings of LMT. Comerica Bank purchased a new position in Lockheed Martin in the 2nd quarter valued at about $280,000. Bank Julius Baer & Co. Ltd Zurich lifted its stake in Lockheed Martin by 73.0% in the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 64 shares of the aerospace company’s stock valued at $26,000 after buying an additional 27 shares in the last quarter. Coppell Advisory Solutions Corp. purchased a new position in Lockheed Martin in the 4th quarter valued at about $31,000. Activest Wealth Management lifted its stake in Lockheed Martin by 1,200.0% in the 4th quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock valued at $30,000 after buying an additional 60 shares in the last quarter. Finally, KB Financial Partners LLC purchased a new position in Lockheed Martin in the 1st quarter valued at about $35,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Lockheed Martin news, SVP Maryanne Lavan sold 4,022 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total value of $1,747,116.58. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Lockheed Martin news, SVP Maryanne Lavan sold 4,022 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total value of $1,747,116.58. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO John Frank A. St sold 6,648 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $425.35, for a total value of $2,827,726.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,874 shares of company stock valued at $7,249,946. 0.17% of the stock is currently owned by company insiders.

Lockheed Martin Stock Up 1.7 %

LMT stock opened at $463.87 on Friday. The firm has a market cap of $111.56 billion, a PE ratio of 16.84, a PEG ratio of 4.23 and a beta of 0.48. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.03 and a current ratio of 1.21. The firm’s 50 day moving average price is $440.00 and its 200-day moving average price is $442.88. Lockheed Martin Co. has a one year low of $393.77 and a one year high of $495.83.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, January 23rd. The aerospace company reported $7.90 EPS for the quarter, beating the consensus estimate of $7.26 by $0.64. The firm had revenue of $18.87 billion for the quarter, compared to analyst estimates of $17.96 billion. Lockheed Martin had a net margin of 10.24% and a return on equity of 79.91%. The business’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $7.79 EPS. On average, equities research analysts anticipate that Lockheed Martin Co. will post 26.13 EPS for the current year.

Lockheed Martin Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 1st were given a dividend of $3.15 per share. This represents a $12.60 annualized dividend and a dividend yield of 2.72%. The ex-dividend date of this dividend was Thursday, February 29th. Lockheed Martin’s payout ratio is presently 45.74%.

Wall Street Analysts Forecast Growth

LMT has been the topic of a number of research reports. Citigroup decreased their price target on shares of Lockheed Martin from $540.00 to $508.00 and set a “buy” rating on the stock in a research note on Wednesday, January 24th. Morgan Stanley decreased their price target on shares of Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 24th. UBS Group cut their price objective on shares of Lockheed Martin from $488.00 to $475.00 and set a “neutral” rating for the company in a report on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Lockheed Martin from $438.00 to $472.00 in a report on Monday, January 22nd. Finally, JPMorgan Chase & Co. upgraded shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $475.00 to $518.00 in a report on Monday, April 15th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $486.78.

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. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.