Lockheed Martin Co. (NYSE:LMT) Shares Bought by Peoples Bank OH

Peoples Bank OH raised its holdings in Lockheed Martin Co. (NYSE:LMT) by 16.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 522 shares of the aerospace company’s stock after purchasing an additional 74 shares during the period. Peoples Bank OH’s holdings in Lockheed Martin were worth $237,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. First Pacific Financial purchased a new position in shares of Lockheed Martin in the first quarter valued at approximately $25,000. Altshuler Shaham Ltd purchased a new position in Lockheed Martin during the fourth quarter worth approximately $26,000. Activest Wealth Management lifted its position in Lockheed Martin by 1,200.0% during the fourth quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock worth $30,000 after buying an additional 60 shares in the last quarter. Iron Horse Wealth Management LLC raised its position in Lockheed Martin by 1,925.0% in the fourth quarter. Iron Horse Wealth Management LLC now owns 81 shares of the aerospace company’s stock valued at $37,000 after purchasing an additional 77 shares during the period. Finally, Thompson Investment Management Inc. purchased a new stake in Lockheed Martin in the first quarter valued at $38,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Stock Performance

Shares of Lockheed Martin stock traded down $1.48 on Tuesday, hitting $460.28. The stock had a trading volume of 537,158 shares, compared to its average volume of 1,071,212. Lockheed Martin Co. has a 52-week low of $393.77 and a 52-week high of $479.50. The company has a current ratio of 1.30, a quick ratio of 1.11 and a debt-to-equity ratio of 2.89. The stock has a market cap of $110.44 billion, a price-to-earnings ratio of 16.84, a P/E/G ratio of 4.35 and a beta of 0.46. The company’s 50 day moving average price is $465.01 and its 200 day moving average price is $451.23.

Lockheed Martin (NYSE:LMT) last posted 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. The firm had revenue of $17.20 billion during the quarter, compared to the consensus estimate of $16.04 billion. Lockheed Martin had a return on equity of 85.96% and a net margin of 9.73%. The firm’s revenue was up 13.7% compared to the same quarter last year. During the same period in the prior year, the business earned $6.43 EPS. On average, research analysts anticipate that Lockheed Martin Co. will post 26.17 EPS for the current year.

Lockheed Martin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Tuesday, September 3rd will be given a dividend of $3.15 per share. This represents a $12.60 annualized dividend and a yield of 2.74%. The ex-dividend date is Tuesday, September 3rd. Lockheed Martin’s payout ratio is 46.10%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on LMT. The Goldman Sachs Group dropped their price objective on Lockheed Martin from $380.00 to $377.00 and set a “sell” rating for the company in a research note on Tuesday, April 23rd. StockNews.com raised Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research note on Thursday, April 25th. UBS Group boosted their target price on Lockheed Martin from $482.00 to $499.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. JPMorgan Chase & Co. raised Lockheed Martin from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $475.00 to $518.00 in a report on Monday, April 15th. Finally, Wells Fargo & Company lifted their price target on Lockheed Martin from $460.00 to $480.00 and gave the stock an “equal weight” rating in a report on Thursday, April 25th. One 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 issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $485.40.

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.