First American Trust FSB Raises Position in Lockheed Martin Co. (NYSE:LMT)

First American Trust FSB grew its position in Lockheed Martin Co. (NYSE:LMT) by 12.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 933 shares of the aerospace company’s stock after buying an additional 105 shares during the period. First American Trust FSB’s holdings in Lockheed Martin were worth $423,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of LMT. Triumph Capital Management raised its holdings in shares of Lockheed Martin by 3.1% during the third quarter. Triumph Capital Management now owns 723 shares of the aerospace company’s stock valued at $296,000 after purchasing an additional 22 shares during the last quarter. Abbrea Capital LLC raised its holdings in shares of Lockheed Martin by 1.7% during the third quarter. Abbrea Capital LLC now owns 1,397 shares of the aerospace company’s stock valued at $571,000 after purchasing an additional 23 shares during the last quarter. Pinnacle Wealth Planning Services Inc. raised its holdings in shares of Lockheed Martin by 1.6% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 1,429 shares of the aerospace company’s stock valued at $584,000 after purchasing an additional 23 shares during the last quarter. Elevated Capital Advisors LLC raised its holdings in shares of Lockheed Martin by 3.5% during the third quarter. Elevated Capital Advisors LLC now owns 709 shares of the aerospace company’s stock valued at $290,000 after purchasing an additional 24 shares during the last quarter. Finally, Duncker Streett & Co. Inc. raised its holdings in shares of Lockheed Martin by 1.2% during the third quarter. Duncker Streett & Co. Inc. now owns 2,013 shares of the aerospace company’s stock valued at $823,000 after purchasing an additional 24 shares during the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, COO John Frank A. St sold 6,648 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $425.35, for a total transaction of $2,827,726.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, insider Gregory M. Ulmer sold 6,204 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $431.19, for a total transaction of $2,675,102.76. Following the sale, the insider now owns 12,604 shares of the company’s stock, valued at $5,434,718.76. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO John Frank A. St sold 6,648 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $425.35, for a total transaction of $2,827,726.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 16,874 shares of company stock worth $7,249,946. 0.14% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

LMT has been the subject of several research reports. JPMorgan Chase & Co. raised shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $475.00 to $518.00 in a report on Monday. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Lockheed Martin from $438.00 to $472.00 in a report on Monday, January 22nd. Morgan Stanley cut their target price on shares of 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. Royal Bank of Canada cut their target price on shares of Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 24th. Finally, Susquehanna cut their target price on shares of Lockheed Martin from $550.00 to $540.00 and set a “positive” rating for the company in a research report on Wednesday, January 24th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Lockheed Martin has an average rating of “Hold” and an average target price of $493.36.

Lockheed Martin Price Performance

Shares of LMT traded up $1.46 during mid-day trading on Tuesday, reaching $454.54. The stock had a trading volume of 417,827 shares, compared to its average volume of 1,152,759. The firm has a market cap of $109.31 billion, a price-to-earnings ratio of 16.46, a PEG ratio of 4.11 and a beta of 0.48. Lockheed Martin Co. has a 12 month low of $393.77 and a 12 month high of $508.10. The business has a fifty day moving average of $437.60 and a 200 day moving average of $441.70. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.03 and a current ratio of 1.21.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Tuesday, January 23rd. The aerospace company reported $7.90 earnings per share for the quarter, topping analysts’ consensus estimates of $7.26 by $0.64. The business had revenue of $18.87 billion during 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 company’s revenue was down .6% on a year-over-year basis. During the same period in the prior year, the business posted $7.79 earnings per share. Equities analysts predict that Lockheed Martin Co. will post 26.13 EPS for the current year.

Lockheed Martin Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 1st were given a dividend of $3.15 per share. The ex-dividend date was Thursday, February 29th. This represents a $12.60 dividend on an annualized basis and a dividend yield of 2.77%. Lockheed Martin’s dividend payout ratio is 45.74%.

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.