5,950 Shares in Lockheed Martin Co. (NYSE:LMT) Purchased by BankPlus Trust Department

BankPlus Trust Department purchased a new position in Lockheed Martin Co. (NYSE:LMT) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 5,950 shares of the aerospace company’s stock, valued at approximately $2,891,000. Lockheed Martin makes up about 0.9% of BankPlus Trust Department’s investment portfolio, making the stock its 20th biggest holding.

Other institutional investors also recently bought and sold shares of the company. BKM Wealth Management LLC purchased a new position in shares of Lockheed Martin during the third quarter valued at approximately $246,000. Boston Trust Walden Corp boosted its stake in shares of Lockheed Martin by 0.4% in the 3rd quarter. Boston Trust Walden Corp now owns 24,333 shares of the aerospace company’s stock worth $14,224,000 after buying an additional 91 shares during the last quarter. GHP Investment Advisors Inc. grew its holdings in shares of Lockheed Martin by 8.7% in the third quarter. GHP Investment Advisors Inc. now owns 4,186 shares of the aerospace company’s stock worth $2,447,000 after acquiring an additional 334 shares during the period. AllGen Financial Advisors Inc. increased its position in Lockheed Martin by 4.0% during the third quarter. AllGen Financial Advisors Inc. now owns 468 shares of the aerospace company’s stock valued at $274,000 after acquiring an additional 18 shares during the last quarter. Finally, Manchester Financial Inc. purchased a new position in Lockheed Martin in the third quarter worth about $248,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on LMT shares. UBS Group dropped their price objective on shares of Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating on the stock in a report on Wednesday, January 29th. Barclays cut their price target on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a report on Monday, January 6th. Citigroup decreased their price objective on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a research note on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating and lowered their price target for the company from $611.00 to $523.00 in a report on Thursday, January 2nd. Finally, Royal Bank of Canada lowered their target price on shares of Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Lockheed Martin presently has a consensus rating of “Moderate Buy” and an average price target of $555.60.

Lockheed Martin Trading Up 1.1 %

Shares of NYSE LMT opened at $441.20 on Monday. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13. The company has a market cap of $103.85 billion, a price-to-earnings ratio of 19.82, a PEG ratio of 2.07 and a beta of 0.48. The business’s 50 day moving average price is $469.94 and its 200-day moving average price is $528.75. Lockheed Martin Co. has a fifty-two week low of $419.70 and a fifty-two week high of $618.95.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. On average, sell-side analysts expect that Lockheed Martin Co. will post 27.15 earnings per share for the current year.

Lockheed Martin Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be paid a dividend of $3.30 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $13.20 annualized dividend and a yield of 2.99%. Lockheed Martin’s payout ratio is presently 59.30%.

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.