Lockheed Martin Co. (NYSE:LMT) Shares Sold by Carlton Hofferkamp & Jenks Wealth Management LLC
Carlton Hofferkamp & Jenks Wealth Management LLC decreased its holdings in Lockheed Martin Co. (NYSE:LMT) by 3.0% in the 1st quarter, HoldingsChannel reports. The firm owned 3,380 shares of the aerospace company’s stock after selling 103 shares during the quarter. Carlton Hofferkamp & Jenks Wealth Management LLC’s holdings in Lockheed Martin were worth $1,262,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of the stock. Terry L. Blaker increased its holdings in shares of Lockheed Martin by 13.2% in the 4th quarter. Terry L. Blaker now owns 8,232 shares of the aerospace company’s stock valued at $2,922,000 after acquiring an additional 957 shares during the period. Veritas Investment Partners UK Ltd. acquired a new position in shares of Lockheed Martin during the 4th quarter valued at about $26,000. Independence Bank of Kentucky increased its position in Lockheed Martin by 91.8% during the 1st quarter. Independence Bank of Kentucky now owns 2,846 shares of the aerospace company’s stock worth $1,052,000 after purchasing an additional 1,362 shares in the last quarter. Callahan Advisors LLC lifted its holdings in Lockheed Martin by 11.4% in the 1st quarter. Callahan Advisors LLC now owns 3,040 shares of the aerospace company’s stock worth $1,123,000 after buying an additional 310 shares in the last quarter. Finally, Country Club Trust Company n.a. increased its position in shares of Lockheed Martin by 27.1% in the 1st quarter. Country Club Trust Company n.a. now owns 2,877 shares of the aerospace company’s stock worth $1,066,000 after purchasing an additional 613 shares during the last quarter. Institutional investors own 77.00% of the company’s stock.
Shares of NYSE LMT traded up $1.55 during trading on Tuesday, hitting $386.86. The company had a trading volume of 16,701 shares, compared to its average volume of 1,834,613. The company has a market cap of $107.52 billion, a P/E ratio of 16.60, a PEG ratio of 1.98 and a beta of 0.92. Lockheed Martin Co. has a 52 week low of $319.81 and a 52 week high of $417.62. The business’s 50-day moving average is $373.18 and its 200 day moving average is $357.38. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.12 and a current ratio of 1.33.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 25th. Stockholders of record on Tuesday, June 1st will be paid a $2.60 dividend. This represents a $10.40 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date of this dividend is Friday, May 28th. Lockheed Martin’s dividend payout ratio (DPR) is presently 47.38%.
In related news, SVP Maryanne Lavan sold 5,406 shares of the company’s stock in a transaction on Thursday, April 22nd. The shares were sold at an average price of $383.84, for a total value of $2,075,039.04. Also, COO John Frank A. St sold 6,855 shares of the company’s stock in a transaction on Monday, April 26th. The stock was sold at an average price of $371.95, for a total transaction of $2,549,717.25. The disclosure for this sale can be found here. Insiders sold 15,707 shares of company stock worth $5,925,208 over the last ninety days. 0.17% of the stock is currently owned by company insiders.
A number of research firms have recently issued reports on LMT. Wolfe Research began coverage on shares of Lockheed Martin in a report on Friday, April 9th. They set a “peer perform” rating on the stock. Robert W. Baird cut shares of Lockheed Martin from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $420.00 to $368.00 in a research report on Thursday, January 7th. Credit Suisse Group decreased their target price on shares of Lockheed Martin from $351.00 to $334.00 in a research report on Wednesday, January 27th. Morgan Stanley raised their price objective on shares of Lockheed Martin from $445.00 to $458.00 and gave the company an “overweight” rating in a research report on Tuesday, April 27th. Finally, Cowen restated a “buy” rating and issued a $410.00 price objective on shares of Lockheed Martin in a research report on Thursday, April 22nd. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Lockheed Martin has a consensus rating of “Buy” and an average price target of $427.11.
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. It operates through four segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space.
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: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.