Dixon Hubard Feinour & Brown Inc. VA Has $1.80 Million Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

Dixon Hubard Feinour & Brown Inc. VA increased its position in Lockheed Martin Co. (NYSE:LMTGet Rating) by 1.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,086 shares of the aerospace company’s stock after buying an additional 45 shares during the period. Dixon Hubard Feinour & Brown Inc. VA’s holdings in Lockheed Martin were worth $1,804,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in LMT. Western Pacific Wealth Management LP acquired a new stake in shares of Lockheed Martin in the 4th quarter valued at about $25,000. PARK CIRCLE Co bought a new position in Lockheed Martin in the 4th quarter valued at about $36,000. Capital Advisory Group Advisory Services LLC bought a new position in Lockheed Martin in the 1st quarter valued at about $38,000. Horan Securities Inc. bought a new position in Lockheed Martin in the 4th quarter valued at about $42,000. Finally, Citizens National Bank Trust Department bought a new position in Lockheed Martin in the 4th quarter valued at about $43,000. 78.89% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Susquehanna Bancshares raised their price target on shares of Lockheed Martin from $515.00 to $539.00 in a research report on Wednesday, April 20th. Seaport Res Ptn reissued a “buy” rating on shares of Lockheed Martin in a research report on Tuesday, April 19th. Argus lifted their target price on shares of Lockheed Martin from $415.00 to $500.00 in a research report on Wednesday, April 20th. Morgan Stanley dropped their target price on shares of Lockheed Martin from $525.00 to $522.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 20th. Finally, Wells Fargo & Company dropped their target price on shares of Lockheed Martin from $496.00 to $406.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 20th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Lockheed Martin currently has an average rating of “Moderate Buy” and an average price target of $448.00.

Lockheed Martin Stock Down 0.5 %

Lockheed Martin stock opened at $424.10 on Tuesday. Lockheed Martin Co. has a 1-year low of $324.23 and a 1-year high of $479.99. The firm has a market capitalization of $112.45 billion, a price-to-earnings ratio of 24.53, a P/E/G ratio of 2.92 and a beta of 0.67. The company has a current ratio of 1.27, a quick ratio of 1.06 and a debt-to-equity ratio of 1.02. The firm has a 50 day simple moving average of $418.26 and a 200 day simple moving average of $426.03.

Lockheed Martin (NYSE:LMTGet Rating) last released its quarterly earnings data on Tuesday, July 19th. The aerospace company reported $1.16 earnings per share for the quarter, missing analysts’ consensus estimates of $6.39 by ($5.23). Lockheed Martin had a net margin of 7.33% and a return on equity of 69.02%. The business had revenue of $15.45 billion during the quarter, compared to analysts’ expectations of $16.02 billion. During the same quarter in the prior year, the firm posted $7.13 earnings per share. The firm’s quarterly revenue was down 9.3% on a year-over-year basis. On average, analysts predict that Lockheed Martin Co. will post 26.8 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, September 23rd. Stockholders of record on Thursday, September 1st will be given a dividend of $2.80 per share. The ex-dividend date of this dividend is Wednesday, August 31st. This represents a $11.20 dividend on an annualized basis and a dividend yield of 2.64%. Lockheed Martin’s dividend payout ratio (DPR) is currently 64.81%.

Insider Activity

In other news, EVP Gregory M. Ulmer sold 6,929 shares of the business’s stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $423.87, for a total transaction of $2,936,995.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Gregory M. Ulmer sold 6,929 shares of Lockheed Martin stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $423.87, for a total transaction of $2,936,995.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John Donovan purchased 632 shares of the stock in a transaction on Wednesday, July 20th. The stock was acquired at an average cost of $396.16 per share, with a total value of $250,373.12. Following the completion of the purchase, the director now directly owns 1,200 shares of the company’s stock, valued at $475,392. The disclosure for this purchase can be found here. Company insiders own 0.17% of the company’s stock.

About Lockheed Martin

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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.

See Also

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

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