Simmons Bank Buys 65 Shares of Lockheed Martin Co. (NYSE:LMT)

Simmons Bank grew its position in Lockheed Martin Co. (NYSE:LMT) by 0.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 14,335 shares of the aerospace company’s stock after buying an additional 65 shares during the period. Simmons Bank’s holdings in Lockheed Martin were worth $6,966,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Salomon & Ludwin LLC increased its position in Lockheed Martin by 20.5% in the third quarter. Salomon & Ludwin LLC now owns 106 shares of the aerospace company’s stock worth $62,000 after buying an additional 18 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in Lockheed Martin by 67.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 89,817 shares of the aerospace company’s stock valued at $52,503,000 after buying an additional 36,157 shares in the last quarter. Autumn Glory Partners LLC raised its position in shares of Lockheed Martin by 172.3% during the third quarter. Autumn Glory Partners LLC now owns 2,777 shares of the aerospace company’s stock valued at $1,623,000 after buying an additional 1,757 shares during the last quarter. Orrstown Financial Services Inc. lifted its holdings in shares of Lockheed Martin by 69.6% in the third quarter. Orrstown Financial Services Inc. now owns 1,028 shares of the aerospace company’s stock worth $601,000 after buying an additional 422 shares in the last quarter. Finally, Strategic Wealth Investment Group LLC lifted its holdings in shares of Lockheed Martin by 13.5% in the third quarter. Strategic Wealth Investment Group LLC now owns 17,849 shares of the aerospace company’s stock worth $10,814,000 after buying an additional 2,118 shares in the last quarter. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

Shares of Lockheed Martin stock opened at $448.34 on Wednesday. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10. The stock’s fifty day moving average is $468.06 and its two-hundred day moving average is $527.23. Lockheed Martin Co. has a 52 week low of $419.70 and a 52 week high of $618.95. The company has a market capitalization of $105.53 billion, a PE ratio of 20.14, a price-to-earnings-growth ratio of 2.07 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, topping analysts’ consensus estimates of $6.58 by $1.09. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. As a group, analysts expect that Lockheed Martin Co. will post 27.15 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be issued a $3.30 dividend. This represents a $13.20 annualized dividend and a dividend yield of 2.94%. The ex-dividend date is Monday, March 3rd. Lockheed Martin’s dividend payout ratio is 59.30%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on LMT. Citigroup reduced their price target on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a report on Tuesday, January 21st. StockNews.com lowered Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Friday, January 31st. Susquehanna dropped their price target on Lockheed Martin from $590.00 to $550.00 and set a “positive” rating for the company in a research note on Wednesday, January 29th. UBS Group lowered their target price on Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating for the company in a research report on Wednesday, January 29th. Finally, Wells Fargo & Company decreased their price target on shares of Lockheed Martin from $500.00 to $497.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 30th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Lockheed Martin currently has a consensus rating of “Moderate Buy” and an average target price of $555.60.

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