First American Trust FSB Has $423,000 Stake in Lockheed Martin Co. (NYSE:LMT)

First American Trust FSB boosted its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 12.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 933 shares of the aerospace company’s stock after purchasing an additional 105 shares during the period. First American Trust FSB’s holdings in Lockheed Martin were worth $423,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of LMT. Bank Julius Baer & Co. Ltd Zurich increased its holdings in Lockheed Martin by 73.0% during the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 64 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 27 shares in the last quarter. Activest Wealth Management lifted its holdings in shares of Lockheed Martin by 1,200.0% in the fourth quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 60 shares in the last quarter. Coppell Advisory Solutions Corp. bought a new stake in shares of Lockheed Martin in the fourth quarter valued at about $31,000. Milestone Investment Advisors LLC acquired a new stake in shares of Lockheed Martin in the third quarter valued at about $33,000. Finally, Providence Capital Advisors LLC acquired a new stake in shares of Lockheed Martin in the third quarter valued at about $35,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Price Performance

Shares of LMT stock traded up $1.46 during trading on Tuesday, hitting $454.54. The company had a trading volume of 417,827 shares, compared to its average volume of 1,152,759. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.03 and a current ratio of 1.21. The firm has a market capitalization of $109.31 billion, a P/E ratio of 16.46, a price-to-earnings-growth ratio of 4.11 and a beta of 0.48. The stock’s 50-day moving average price is $437.60 and its 200 day moving average price is $441.70. Lockheed Martin Co. has a one year low of $393.77 and a one year high of $508.10.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, January 23rd. The aerospace company reported $7.90 earnings per share for the quarter, topping the consensus estimate of $7.26 by $0.64. Lockheed Martin had a return on equity of 79.91% and a net margin of 10.24%. The firm had revenue of $18.87 billion during the quarter, compared to analysts’ expectations of $17.96 billion. During the same period in the prior year, the company earned $7.79 earnings per share. The company’s quarterly revenue was down .6% on a year-over-year basis. Equities analysts expect that Lockheed Martin Co. will post 26.13 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 1st were paid a dividend of $3.15 per share. This represents a $12.60 annualized dividend and a yield of 2.77%. The ex-dividend date of this dividend was Thursday, February 29th. Lockheed Martin’s payout ratio is presently 45.74%.

Analyst Upgrades and Downgrades

LMT has been the topic of a number of recent research reports. UBS Group lowered their target price on Lockheed Martin from $488.00 to $475.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 24th. JPMorgan Chase & Co. raised Lockheed Martin from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $475.00 to $518.00 in a research report on Monday. Morgan Stanley lowered their price target on Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 24th. Citigroup lowered their price target on Lockheed Martin from $540.00 to $508.00 and set a “buy” rating on the stock in a research report on Wednesday, January 24th. Finally, Royal Bank of Canada lowered their price target on Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 24th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $493.36.

Insiders Place Their Bets

In other news, SVP Maryanne Lavan sold 4,022 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total value of $1,747,116.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, COO John Frank A. St sold 6,648 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $425.35, for a total transaction of $2,827,726.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Maryanne Lavan sold 4,022 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $434.39, for a total transaction of $1,747,116.58. The disclosure for this sale can be found here. Insiders sold 16,874 shares of company stock worth $7,249,946 over the last three months. Insiders own 0.14% of the company’s stock.

About Lockheed Martin

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.