Lockheed Martin Co. (NYSE:LMT) Shares Purchased by BancFirst Trust & Investment Management

BancFirst Trust & Investment Management raised its holdings in Lockheed Martin Co. (NYSE:LMTFree Report) by 6.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 481 shares of the aerospace company’s stock after acquiring an additional 28 shares during the period. BancFirst Trust & Investment Management’s holdings in Lockheed Martin were worth $219,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Bank Julius Baer & Co. Ltd Zurich raised its holdings in Lockheed Martin by 73.0% in the 3rd 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 last quarter. Altshuler Shaham Ltd acquired a new stake in shares of Lockheed Martin during the 4th quarter worth approximately $26,000. Activest Wealth Management increased its holdings in shares of Lockheed Martin by 1,200.0% during the 4th quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock worth $30,000 after buying an additional 60 shares during the last quarter. Providence Capital Advisors LLC acquired a new stake in shares of Lockheed Martin during the 3rd quarter worth approximately $35,000. Finally, Iron Horse Wealth Management LLC increased its holdings in shares of Lockheed Martin by 1,925.0% during the 4th quarter. Iron Horse Wealth Management LLC now owns 81 shares of the aerospace company’s stock worth $37,000 after buying an additional 77 shares during the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on LMT shares. Deutsche Bank Aktiengesellschaft raised their price target on shares of Lockheed Martin from $467.00 to $487.00 and gave the stock a “hold” rating in a report on Thursday, April 25th. JPMorgan Chase & Co. raised shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $475.00 to $518.00 in a research report on Monday, April 15th. Wells Fargo & Company increased their price objective on shares of Lockheed Martin from $460.00 to $480.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 25th. UBS Group increased their price objective on shares of Lockheed Martin from $482.00 to $499.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Finally, Citigroup increased their price objective on shares of Lockheed Martin from $508.00 to $525.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $485.40.

Read Our Latest Research Report on Lockheed Martin

Lockheed Martin Stock Up 0.2 %

LMT stock traded up $1.04 during midday trading on Tuesday, reaching $460.05. 200,120 shares of the company were exchanged, compared to its average volume of 1,062,896. The stock’s 50-day simple moving average is $462.67 and its 200 day simple moving average is $449.28. Lockheed Martin Co. has a 1-year low of $393.77 and a 1-year high of $479.50. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.11 and a current ratio of 1.30. The company has a market cap of $110.38 billion, a price-to-earnings ratio of 16.80, a price-to-earnings-growth ratio of 4.31 and a beta of 0.48.

Lockheed Martin (NYSE:LMTGet Free Report) last posted its earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 EPS for the quarter, beating analysts’ consensus estimates of $5.80 by $0.53. The firm had revenue of $17.20 billion for the quarter, compared to the consensus estimate of $16.04 billion. Lockheed Martin had a net margin of 9.73% and a return on equity of 85.96%. The company’s revenue was up 13.7% on a year-over-year basis. During the same period last year, the firm posted $6.43 EPS. On average, equities analysts forecast that Lockheed Martin Co. will post 26.17 earnings per share for the current year.

Lockheed Martin Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 3rd will be paid a dividend of $3.15 per share. This represents a $12.60 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date of this dividend is Monday, June 3rd. Lockheed Martin’s dividend payout ratio is currently 46.10%.

Lockheed Martin Profile

(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.

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

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