Lockheed Martin Co. (NYSE:LMT) Shares Acquired by First National Corp MA ADV

First National Corp MA ADV raised its position in shares of Lockheed Martin Co. (NYSE:LMT) by 28.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 663 shares of the aerospace company’s stock after acquiring an additional 146 shares during the quarter. First National Corp MA ADV’s holdings in Lockheed Martin were worth $300,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Herold Advisors Inc. raised its holdings in shares of Lockheed Martin by 8.6% during the third quarter. Herold Advisors Inc. now owns 3,448 shares of the aerospace company’s stock valued at $1,410,000 after acquiring an additional 274 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Lockheed Martin by 3.8% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,088 shares of the aerospace company’s stock valued at $8,624,000 after purchasing an additional 770 shares in the last quarter. Alethea Capital Management LLC purchased a new stake in shares of Lockheed Martin in the third quarter valued at approximately $415,000. Meridian Wealth Management LLC grew its position in shares of Lockheed Martin by 149.0% in the third quarter. Meridian Wealth Management LLC now owns 11,960 shares of the aerospace company’s stock valued at $4,892,000 after purchasing an additional 7,156 shares in the last quarter. Finally, Central Bank & Trust Co. grew its position in shares of Lockheed Martin by 1.6% in the third quarter. Central Bank & Trust Co. now owns 3,305 shares of the aerospace company’s stock valued at $1,352,000 after purchasing an additional 51 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Trading Up 0.0 %

NYSE:LMT opened at $457.00 on Thursday. The firm has a market cap of $109.90 billion, a PE ratio of 16.59, a price-to-earnings-growth ratio of 4.08 and a beta of 0.48. The stock has a fifty day moving average price of $433.46 and a 200 day moving average price of $438.35. Lockheed Martin Co. has a 12-month low of $393.77 and a 12-month high of $508.10. The company has a current ratio of 1.21, a quick ratio of 1.03 and a debt-to-equity ratio of 2.53.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, January 23rd. The aerospace company reported $7.90 earnings per share for the quarter, beating the consensus estimate of $7.26 by $0.64. Lockheed Martin had a return on equity of 79.91% and a net margin of 10.24%. The business had revenue of $18.87 billion during the quarter, compared to the consensus estimate of $17.96 billion. During the same period in the previous year, the business earned $7.79 EPS. The business’s quarterly revenue was down .6% on a year-over-year basis. Sell-side analysts anticipate that Lockheed Martin Co. will post 26.13 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 1st will be issued a $3.15 dividend. This represents a $12.60 annualized dividend and a dividend yield of 2.76%. The ex-dividend date of this dividend is Thursday, February 29th. Lockheed Martin’s payout ratio is currently 45.74%.

Insider Activity at Lockheed Martin

In related news, COO John Frank A. St sold 6,648 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $425.35, for a total value of $2,827,726.80. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, COO John Frank A. St sold 6,648 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $425.35, for a total value of $2,827,726.80. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Maryanne Lavan sold 4,022 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $434.39, for a total value of $1,747,116.58. The disclosure for this sale can be found here. Insiders have sold 16,874 shares of company stock worth $7,249,946 in the last quarter. Company insiders own 0.17% of the company’s stock.

Analyst Upgrades and Downgrades

LMT has been the subject of a number of analyst reports. Citigroup dropped their price target on Lockheed Martin from $540.00 to $508.00 and set a “buy” rating for the company in a research report on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft increased their price objective on Lockheed Martin from $438.00 to $472.00 in a research report on Monday, January 22nd. Susquehanna lowered their price objective on Lockheed Martin from $550.00 to $540.00 and set a “positive” rating for the company in a research report on Wednesday, January 24th. UBS Group lowered their price objective on Lockheed Martin from $488.00 to $475.00 and set a “neutral” rating for the company in a research report on Wednesday, January 24th. Finally, Morgan Stanley lowered their price objective on Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 24th. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Lockheed Martin presently has an average rating of “Hold” and a consensus target price of $491.92.

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.