Independence Bank of Kentucky Acquires 431 Shares of Lockheed Martin Co. (NYSE:LMT)

Independence Bank of Kentucky lifted its holdings in Lockheed Martin Co. (NYSE:LMTFree Report) by 25.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,147 shares of the aerospace company’s stock after purchasing an additional 431 shares during the period. Independence Bank of Kentucky’s holdings in Lockheed Martin were worth $973,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank Julius Baer & Co. Ltd Zurich increased its stake in Lockheed Martin by 73.0% during the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 64 shares of the aerospace company’s stock valued at $26,000 after acquiring an additional 27 shares during the period. Activest Wealth Management increased its stake in Lockheed Martin by 1,200.0% during the fourth quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 60 shares during the period. CGC Financial Services LLC bought a new position in Lockheed Martin during the second quarter valued at about $31,000. Coppell Advisory Solutions Corp. bought a new position in Lockheed Martin during the fourth quarter valued at about $31,000. Finally, Milestone Investment Advisors LLC bought a new position in Lockheed Martin during the third quarter valued at about $33,000. 74.19% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on LMT shares. Morgan Stanley lowered their price target on Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 24th. Susquehanna lowered their price objective on Lockheed Martin from $550.00 to $540.00 and set a “positive” rating on the stock in a research note on Wednesday, January 24th. Royal Bank of Canada lowered their price objective on Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 24th. UBS Group lowered their price objective on Lockheed Martin from $488.00 to $475.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 24th. Finally, Citigroup lowered their price objective on Lockheed Martin from $540.00 to $508.00 and set a “buy” rating on the stock in a research note on Wednesday, January 24th. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $491.92.

Get Our Latest Report on LMT

Insiders Place Their Bets

In other Lockheed Martin news, SVP Maryanne Lavan sold 4,022 shares of the company’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 is available at this link. In other Lockheed Martin news, SVP Maryanne Lavan sold 4,022 shares of the company’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 is available at this link. Also, COO John Frank A. St sold 6,648 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $425.35, for a total transaction of $2,827,726.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,874 shares of company stock valued at $7,249,946. 0.17% of the stock is currently owned by corporate insiders.

Lockheed Martin Stock Down 1.1 %

Shares of LMT opened at $448.19 on Thursday. The company has a market capitalization of $107.79 billion, a P/E ratio of 16.27, a PEG ratio of 4.13 and a beta of 0.48. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.21 and a quick ratio of 1.03. Lockheed Martin Co. has a one year low of $393.77 and a one year high of $508.10. The business’s 50 day simple moving average is $433.79 and its 200-day simple moving average is $439.56.

Lockheed Martin (NYSE:LMTGet Free Report) last announced its earnings results on Tuesday, January 23rd. The aerospace company reported $7.90 EPS for the quarter, topping the consensus estimate of $7.26 by $0.64. Lockheed Martin had a return on equity of 79.91% and a net margin of 10.24%. The business had revenue of $18.87 billion for the quarter, compared to the consensus estimate of $17.96 billion. During the same period in the previous year, the business earned $7.79 EPS. Lockheed Martin’s revenue was down .6% compared to the same quarter last year. As a group, sell-side analysts predict that Lockheed Martin Co. will post 26.13 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 1st were issued a dividend of $3.15 per share. This represents a $12.60 annualized dividend and a yield of 2.81%. The ex-dividend date was Thursday, February 29th. Lockheed Martin’s dividend payout ratio is 45.74%.

About Lockheed Martin

(Free Report)

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.

Read More

Want to see what other hedge funds are holding LMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lockheed Martin Co. (NYSE:LMTFree Report).

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

Receive News & Ratings for Lockheed Martin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lockheed Martin and related companies with MarketBeat.com's FREE daily email newsletter.