BB&T Securities LLC Has $16.11 Million Stake in Lockheed Martin Co. (LMT)

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BB&T Securities LLC grew its position in shares of Lockheed Martin Co. (NYSE:LMT) by 13.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 61,522 shares of the aerospace company’s stock after purchasing an additional 7,268 shares during the period. BB&T Securities LLC’s holdings in Lockheed Martin were worth $16,108,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Lederer & Associates Investment Counsel CA grew its position in shares of Lockheed Martin by 0.7% during the fourth quarter. Lederer & Associates Investment Counsel CA now owns 5,149 shares of the aerospace company’s stock worth $1,348,000 after buying an additional 35 shares in the last quarter. Physicians Financial Services Inc. grew its position in shares of Lockheed Martin by 0.8% during the fourth quarter. Physicians Financial Services Inc. now owns 4,795 shares of the aerospace company’s stock worth $1,256,000 after buying an additional 37 shares in the last quarter. Polaris Greystone Financial Group LLC grew its position in shares of Lockheed Martin by 5.1% during the fourth quarter. Polaris Greystone Financial Group LLC now owns 911 shares of the aerospace company’s stock worth $239,000 after buying an additional 44 shares in the last quarter. SignalPoint Asset Management LLC grew its position in shares of Lockheed Martin by 6.3% during the fourth quarter. SignalPoint Asset Management LLC now owns 776 shares of the aerospace company’s stock worth $203,000 after buying an additional 46 shares in the last quarter. Finally, Indiana Trust & Investment Management CO grew its position in shares of Lockheed Martin by 5.7% during the fourth quarter. Indiana Trust & Investment Management CO now owns 872 shares of the aerospace company’s stock worth $228,000 after buying an additional 47 shares in the last quarter. Institutional investors own 85.33% of the company’s stock.

Shares of NYSE LMT opened at $304.42 on Thursday. Lockheed Martin Co. has a fifty-two week low of $241.18 and a fifty-two week high of $363.00. The company has a current ratio of 1.12, a quick ratio of 0.91 and a debt-to-equity ratio of 8.70. The stock has a market cap of $85.34 billion, a P/E ratio of 17.05, a P/E/G ratio of 2.24 and a beta of 1.02.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, January 29th. The aerospace company reported $4.39 earnings per share for the quarter, meeting analysts’ consensus estimates of $4.39. Lockheed Martin had a net margin of 9.39% and a return on equity of 726.78%. The business had revenue of $14.41 billion for the quarter, compared to analysts’ expectations of $13.75 billion. During the same period in the previous year, the business earned ($2.25) earnings per share. The company’s revenue was up 4.1% on a year-over-year basis. As a group, analysts predict that Lockheed Martin Co. will post 19.41 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 1st will be paid a dividend of $2.20 per share. This represents a $8.80 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date is Thursday, February 28th. Lockheed Martin’s dividend payout ratio is currently 49.30%.

In other Lockheed Martin news, insider Michele A. Evans sold 7,690 shares of the business’s stock in a transaction dated Thursday, February 7th. The shares were sold at an average price of $298.78, for a total value of $2,297,618.20. Following the sale, the insider now directly owns 7,690 shares in the company, valued at $2,297,618.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Richard F. Ambrose sold 6,647 shares of the business’s stock in a transaction dated Wednesday, February 6th. The stock was sold at an average price of $301.34, for a total transaction of $2,003,006.98. Following the completion of the sale, the executive vice president now owns 4,218 shares in the company, valued at $1,271,052.12. The disclosure for this sale can be found here. 0.35% of the stock is owned by insiders.

LMT has been the subject of a number of recent analyst reports. Jefferies Financial Group reissued a “hold” rating and set a $313.00 price target on shares of Lockheed Martin in a research report on Tuesday, February 5th. Citigroup decreased their price target on shares of Lockheed Martin from $400.00 to $338.00 and set a “buy” rating for the company in a research report on Monday, January 14th. Vertical Group raised shares of Lockheed Martin from a “hold” rating to a “buy” rating in a research report on Thursday, January 10th. ValuEngine downgraded shares of Lockheed Martin from a “hold” rating to a “sell” rating in a research report on Tuesday, December 25th. Finally, Barclays decreased their price target on shares of Lockheed Martin from $369.00 to $325.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 4th. Eight research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $350.00.

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Lockheed Martin 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. It operates through four segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.

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Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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