Fidelity D & D Bancorp Inc. Has $311,000 Holdings in Lockheed Martin Co. (NYSE:LMT)

Fidelity D & D Bancorp Inc. cut its position in shares of Lockheed Martin Co. (NYSE:LMT) by 4.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 683 shares of the aerospace company’s stock after selling 35 shares during the quarter. Fidelity D & D Bancorp Inc.’s holdings in Lockheed Martin were worth $311,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Paralel Advisors LLC grew its holdings in Lockheed Martin by 1.1% in the third quarter. Paralel Advisors LLC now owns 4,046 shares of the aerospace company’s stock worth $1,655,000 after purchasing an additional 45 shares during the period. Bank of Nova Scotia grew its holdings in Lockheed Martin by 188.3% in the third quarter. Bank of Nova Scotia now owns 163,754 shares of the aerospace company’s stock worth $66,969,000 after purchasing an additional 106,948 shares during the period. Teza Capital Management LLC acquired a new stake in Lockheed Martin in the third quarter worth $4,175,000. Sherbrooke Park Advisers LLC grew its holdings in Lockheed Martin by 230.4% in the third quarter. Sherbrooke Park Advisers LLC now owns 9,251 shares of the aerospace company’s stock worth $3,783,000 after purchasing an additional 6,451 shares during the period. Finally, Ironwood Investment Counsel LLC grew its holdings in Lockheed Martin by 1.3% in the third quarter. Ironwood Investment Counsel LLC now owns 14,474 shares of the aerospace company’s stock worth $5,920,000 after purchasing an additional 191 shares during the period. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Lockheed Martin Price Performance

NYSE:LMT traded down $0.03 during mid-day trading on Friday, hitting $467.10. 3,472,549 shares of the stock traded hands, compared to its average volume of 988,980. The business’s 50-day moving average price is $464.84 and its 200 day moving average price is $450.35. The company has a market cap of $112.08 billion, a PE ratio of 17.09, a price-to-earnings-growth ratio of 4.40 and a beta of 0.47. Lockheed Martin Co. has a 12-month low of $393.77 and a 12-month high of $479.50. The company has a quick ratio of 1.11, a current ratio of 1.30 and a debt-to-equity ratio of 2.89.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, April 23rd. The aerospace company reported $6.33 EPS for the quarter, beating the consensus estimate of $5.80 by $0.53. Lockheed Martin had a net margin of 9.73% and a return on equity of 85.96%. The company had revenue of $17.20 billion during the quarter, compared to analysts’ expectations of $16.04 billion. During the same quarter in the previous year, the company earned $6.43 earnings per share. Lockheed Martin’s revenue for the quarter was up 13.7% on a year-over-year basis. On average, analysts expect that Lockheed Martin Co. will post 26.17 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Tuesday, September 3rd will be paid a $3.15 dividend. The ex-dividend date is Tuesday, September 3rd. This represents a $12.60 dividend on an annualized basis and a yield of 2.70%. Lockheed Martin’s dividend payout ratio is presently 46.10%.

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. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.