First National Corp MA ADV Raises Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

First National Corp MA ADV lifted its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 28.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 663 shares of the aerospace company’s stock after purchasing an additional 146 shares during the quarter. First National Corp MA ADV’s holdings in Lockheed Martin were worth $300,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Bank Julius Baer & Co. Ltd Zurich lifted its position 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 worth $26,000 after buying an additional 27 shares during the last quarter. CGC Financial Services LLC bought a new stake in Lockheed Martin in the 2nd quarter worth approximately $31,000. Coppell Advisory Solutions Corp. bought a new stake in Lockheed Martin in the 4th quarter worth approximately $31,000. Milestone Investment Advisors LLC bought a new stake in Lockheed Martin in the 3rd quarter worth approximately $33,000. Finally, Providence Capital Advisors LLC bought a new stake in Lockheed Martin in the 3rd quarter worth approximately $35,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Insider Buying and Selling

In related news, insider Gregory M. Ulmer sold 6,204 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $431.19, for a total value of $2,675,102.76. Following the sale, the insider now directly owns 12,604 shares of the company’s stock, valued at $5,434,718.76. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider Gregory M. Ulmer sold 6,204 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $431.19, for a total value of $2,675,102.76. Following the sale, the insider now directly owns 12,604 shares of the company’s stock, valued at $5,434,718.76. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO John Frank A. St sold 6,648 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $425.35, for a total value of $2,827,726.80. The disclosure for this sale can be found here. Insiders have sold a total of 16,874 shares of company stock valued at $7,249,946 over the last ninety days. Company insiders own 0.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on LMT. Citigroup dropped their target price on Lockheed Martin from $540.00 to $508.00 and set a “buy” rating for the company in a research report on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft boosted their price objective on Lockheed Martin from $438.00 to $472.00 in a research report on Monday, January 22nd. Morgan Stanley lowered their price objective on Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 24th. Royal Bank of Canada lowered their price objective on Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 24th. Finally, UBS Group lowered their price objective on Lockheed Martin from $488.00 to $475.00 and set a “neutral” rating for the company in a research report on Wednesday, January 24th. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $491.92.

Lockheed Martin Price Performance

Shares of Lockheed Martin stock opened at $457.00 on Thursday. The company has a market cap of $109.90 billion, a PE ratio of 16.59, a P/E/G ratio of 4.08 and a beta of 0.48. The business has a 50 day moving average of $433.46 and a 200 day moving average of $438.35. Lockheed Martin Co. has a 52 week low of $393.77 and a 52 week high of $508.10. The company has a quick ratio of 1.03, a current ratio of 1.21 and a debt-to-equity ratio of 2.53.

Lockheed Martin (NYSE:LMT) last issued its quarterly 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. The company had revenue of $18.87 billion for the quarter, compared to analysts’ expectations of $17.96 billion. Lockheed Martin had a return on equity of 79.91% and a net margin of 10.24%. The firm’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the prior year, the firm earned $7.79 earnings per share. As a group, equities research analysts forecast that Lockheed Martin Co. will post 26.13 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 1st will be paid a $3.15 dividend. The ex-dividend date is Thursday, February 29th. This represents a $12.60 annualized dividend and a yield of 2.76%. Lockheed Martin’s payout ratio is 45.74%.

Lockheed Martin 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.