Day & Ennis LLC purchased a new position in shares of Lockheed Martin Co. (NYSE:LMT) in the 1st quarter, Holdings Channel.com reports. The firm purchased 545 shares of the aerospace company’s stock, valued at approximately $201,000.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Terry L. Blaker boosted its stake in Lockheed Martin by 13.2% during the fourth quarter. Terry L. Blaker now owns 8,232 shares of the aerospace company’s stock worth $2,922,000 after buying an additional 957 shares during the last quarter. Veritas Investment Partners UK Ltd. acquired a new position in Lockheed Martin during the fourth quarter worth $26,000. Independence Bank of Kentucky boosted its stake in Lockheed Martin by 91.8% during the first quarter. Independence Bank of Kentucky now owns 2,846 shares of the aerospace company’s stock worth $1,052,000 after buying an additional 1,362 shares during the last quarter. Callahan Advisors LLC boosted its stake in Lockheed Martin by 11.4% during the first quarter. Callahan Advisors LLC now owns 3,040 shares of the aerospace company’s stock worth $1,123,000 after buying an additional 310 shares during the last quarter. Finally, Country Club Trust Company n.a. boosted its stake in Lockheed Martin by 27.1% during the first quarter. Country Club Trust Company n.a. now owns 2,877 shares of the aerospace company’s stock worth $1,066,000 after buying an additional 613 shares during the last quarter. Hedge funds and other institutional investors own 77.00% of the company’s stock.
In related news, SVP Maryanne Lavan sold 5,406 shares of the firm’s stock in a transaction that occurred on Thursday, April 22nd. The stock was sold at an average price of $383.84, for a total value of $2,075,039.04. Also, EVP Richard F. Ambrose sold 3,446 shares of the firm’s stock in a transaction that occurred on Friday, April 23rd. The shares were sold at an average price of $377.38, for a total value of $1,300,451.48. The disclosure for this sale can be found here. Insiders sold a total of 15,707 shares of company stock valued at $5,925,208 over the last three months. Insiders own 0.17% of the company’s stock.
Lockheed Martin stock traded up $1.33 during mid-day trading on Tuesday, reaching $386.64. 27,637 shares of the company were exchanged, compared to its average volume of 1,834,613. Lockheed Martin Co. has a twelve month low of $319.81 and a twelve month high of $417.62. The firm’s 50-day simple moving average is $373.18 and its two-hundred day simple moving average is $357.38. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.12 and a current ratio of 1.33. The firm has a market cap of $107.46 billion, a PE ratio of 16.60, a price-to-earnings-growth ratio of 1.98 and a beta of 0.92.
Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Monday, April 19th. The aerospace company reported $6.56 EPS for the quarter, beating the consensus estimate of $6.32 by $0.24. The business had revenue of $16.26 billion during the quarter, compared to analysts’ expectations of $16.42 billion. Lockheed Martin had a return on equity of 173.43% and a net margin of 10.18%. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period last year, the firm earned $6.08 EPS. As a group, equities research analysts anticipate that Lockheed Martin Co. will post 24.82 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 25th. Stockholders of record on Tuesday, June 1st will be issued a $2.60 dividend. The ex-dividend date of this dividend is Friday, May 28th. This represents a $10.40 annualized dividend and a dividend yield of 2.69%. Lockheed Martin’s dividend payout ratio is currently 47.38%.
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. It operates through four segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space.
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