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.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Monday, April 19th. The aerospace company reported $6.56 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $6.32 by $0.24. Lockheed Martin had a return on equity of 173.43% and a net margin of 10.18%. The company had revenue of $16.26 billion for the quarter, compared to analysts’ expectations of $16.42 billion. During the same quarter in the prior year, the company earned $6.08 earnings per share. The firm’s revenue was up 3.9% on a year-over-year basis. On average, research analysts expect that Lockheed Martin Co. will post 24.82 EPS for the current year.

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.

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

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