American National Bank Has $13.07 Million Stake in Lockheed Martin Co. (NYSE:LMT)

American National Bank cut its position in Lockheed Martin Co. (NYSE:LMT) by 1.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,846 shares of the aerospace company’s stock after selling 562 shares during the quarter. Lockheed Martin makes up approximately 2.1% of American National Bank’s investment portfolio, making the stock its 9th largest holding. American National Bank’s holdings in Lockheed Martin were worth $13,074,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Pinnacle Wealth Planning Services Inc. boosted its holdings in Lockheed Martin by 1.6% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 1,429 shares of the aerospace company’s stock valued at $584,000 after acquiring an additional 23 shares during the period. Norris Perne & French LLP MI boosted its holdings in Lockheed Martin by 2.8% during the 4th quarter. Norris Perne & French LLP MI now owns 905 shares of the aerospace company’s stock valued at $410,000 after acquiring an additional 25 shares during the period. Genesee Capital Advisors LLC boosted its holdings in Lockheed Martin by 2.8% during the 4th quarter. Genesee Capital Advisors LLC now owns 923 shares of the aerospace company’s stock valued at $419,000 after acquiring an additional 25 shares during the period. Hunter Associates Investment Management LLC boosted its holdings in Lockheed Martin by 1.3% during the 4th quarter. Hunter Associates Investment Management LLC now owns 2,011 shares of the aerospace company’s stock valued at $912,000 after acquiring an additional 25 shares during the period. Finally, Parkside Financial Bank & Trust boosted its holdings in Lockheed Martin by 1.6% during the 3rd quarter. Parkside Financial Bank & Trust now owns 1,694 shares of the aerospace company’s stock valued at $693,000 after acquiring an additional 26 shares during the period. 74.19% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Lockheed Martin

In related news, COO John Frank A. St sold 6,648 shares of Lockheed Martin stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $425.35, for a total value of $2,827,726.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Lockheed Martin news, SVP Maryanne Lavan sold 4,022 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total transaction of $1,747,116.58. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO John Frank A. St sold 6,648 shares of the business’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $425.35, for a total value of $2,827,726.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,874 shares of company stock worth $7,249,946. 0.17% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on LMT shares. Susquehanna reduced their price target on Lockheed Martin from $550.00 to $540.00 and set a “positive” rating on the stock in a research report on Wednesday, January 24th. Citigroup increased their price target on Lockheed Martin from $508.00 to $525.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft increased their price target on Lockheed Martin from $467.00 to $487.00 and gave the company a “hold” rating in a research report on Thursday, April 25th. JPMorgan Chase & Co. raised Lockheed Martin from a “neutral” rating to an “overweight” rating and increased their price target for the company from $475.00 to $518.00 in a research report on Monday, April 15th. Finally, The Goldman Sachs Group reduced their price target on Lockheed Martin from $380.00 to $377.00 and set a “sell” rating on the stock in a research report on Tuesday, April 23rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $485.40.

Lockheed Martin Stock Performance

LMT traded up $1.37 during trading on Friday, hitting $466.20. 677,219 shares of the stock were exchanged, compared to its average volume of 935,744. The firm has a market capitalization of $111.86 billion, a P/E ratio of 17.06, a PEG ratio of 4.25 and a beta of 0.46. Lockheed Martin Co. has a 1-year low of $393.77 and a 1-year high of $479.50. The stock has a fifty day moving average price of $454.60 and a two-hundred day moving average price of $446.88. The company has a quick ratio of 1.11, a current ratio of 1.30 and a debt-to-equity ratio of 2.89.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share for the quarter, beating the consensus estimate of $5.80 by $0.53. Lockheed Martin had a return on equity of 85.96% and a net margin of 9.73%. The company had revenue of $17.20 billion for the quarter, compared to the consensus estimate of $16.04 billion. During the same period last year, the business posted $6.43 EPS. The company’s revenue was up 13.7% on a year-over-year basis. As a group, sell-side analysts predict that Lockheed Martin Co. will post 26.17 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 3rd will be paid a $3.15 dividend. The ex-dividend date is Monday, June 3rd. This represents a $12.60 annualized dividend and a dividend yield of 2.70%. Lockheed Martin’s dividend payout ratio (DPR) is currently 46.10%.

Lockheed Martin Company 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. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.