Hickory Point Bank & Trust Acquires Shares of 433 Lockheed Martin Co. (NYSE:LMT)

Hickory Point Bank & Trust acquired a new stake in Lockheed Martin Co. (NYSE:LMT) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 433 shares of the aerospace company’s stock, valued at approximately $210,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Itau Unibanco Holding S.A. purchased a new stake in Lockheed Martin in the 3rd quarter valued at about $26,000. Heck Capital Advisors LLC purchased a new stake in Lockheed Martin in the 4th quarter valued at about $35,000. Capital Performance Advisors LLP purchased a new stake in shares of Lockheed Martin during the 3rd quarter worth approximately $40,000. Legacy Investment Solutions LLC purchased a new stake in shares of Lockheed Martin during the 3rd quarter worth approximately $42,000. Finally, Vestor Capital LLC purchased a new stake in shares of Lockheed Martin during the 3rd quarter worth approximately $46,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Insider Transactions at Lockheed Martin

In related news, VP Harry Edward Paul III sold 707 shares of Lockheed Martin stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $442.61, for a total value of $312,925.27. Following the transaction, the vice president now owns 2,278 shares in the company, valued at $1,008,265.58. This trade represents a 23.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of Lockheed Martin stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $442.42, for a total transaction of $1,421,495.46. Following the completion of the transaction, the insider now owns 2,000 shares in the company, valued at approximately $884,840. The trade was a 61.63 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,133 shares of company stock valued at $3,155,916. Insiders own 0.17% of the company’s stock.

Analyst Ratings Changes

LMT has been the subject of several research analyst reports. Royal Bank of Canada decreased their price target on shares of Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating for the company in a research note on Wednesday, January 29th. Barclays decreased their price target on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a research note on Monday, January 6th. StockNews.com lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Friday, January 31st. Wells Fargo & Company decreased their price target on shares of Lockheed Martin from $497.00 to $468.00 and set an “equal weight” rating for the company in a research note on Wednesday. Finally, Citigroup cut their price objective on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Lockheed Martin has a consensus rating of “Moderate Buy” and an average target price of $553.67.

Lockheed Martin Stock Up 0.8 %

Shares of NYSE:LMT opened at $450.19 on Friday. The firm has a fifty day moving average price of $465.79 and a two-hundred day moving average price of $525.10. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95. Lockheed Martin Co. has a one year low of $419.70 and a one year high of $618.95. The company has a market cap of $105.97 billion, a price-to-earnings ratio of 20.22, a PEG ratio of 2.07 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, beating the consensus estimate of $6.58 by $1.09. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. Analysts anticipate that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be issued a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date of this dividend is Monday, March 3rd. Lockheed Martin’s dividend payout ratio is currently 59.30%.

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.