American National Bank Has $16.64 Million Holdings in Lockheed Martin Co. (NYSE:LMT)

American National Bank raised its stake in Lockheed Martin Co. (NYSE:LMT) by 26.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,577 shares of the aerospace company’s stock after buying an additional 7,731 shares during the period. Lockheed Martin accounts for 2.2% of American National Bank’s holdings, making the stock its 7th largest holding. American National Bank’s holdings in Lockheed Martin were worth $16,638,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of LMT. Altshuler Shaham Ltd acquired a new position in shares of Lockheed Martin in the 4th quarter worth approximately $26,000. Activest Wealth Management boosted 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 valued at $30,000 after acquiring an additional 60 shares during the last quarter. Providence Capital Advisors LLC bought a new stake in shares of Lockheed Martin during the 3rd quarter valued at about $35,000. Iron Horse Wealth Management LLC grew its stake in Lockheed Martin by 1,925.0% during the fourth quarter. Iron Horse Wealth Management LLC now owns 81 shares of the aerospace company’s stock worth $37,000 after purchasing an additional 77 shares during the period. Finally, TFC Financial Management Inc. increased its holdings in Lockheed Martin by 206.9% in the fourth quarter. TFC Financial Management Inc. now owns 89 shares of the aerospace company’s stock worth $40,000 after purchasing an additional 60 shares in the last quarter. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Up 0.3 %

Shares of LMT traded up $1.26 during trading hours on Friday, reaching $467.60. 3,232,238 shares of the stock traded hands, compared to its average volume of 1,084,933. 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 fifty day simple moving average of $463.37 and a 200 day simple moving average of $449.54. The company has a market cap of $112.20 billion, a price-to-earnings ratio of 17.12, a PEG ratio of 4.33 and a beta of 0.47.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share for the quarter, topping analysts’ consensus estimates of $5.80 by $0.53. The firm had revenue of $17.20 billion for 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 company’s revenue was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $6.43 EPS. On average, equities analysts forecast that Lockheed Martin Co. will post 26.17 EPS for the current year.

Lockheed Martin Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 3rd will be paid a $3.15 dividend. The ex-dividend date is Monday, June 3rd. This represents a $12.60 annualized dividend and a yield of 2.69%. Lockheed Martin’s payout ratio is 46.10%.

Analyst Ratings Changes

LMT has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Lockheed Martin from $467.00 to $487.00 and gave the stock a “hold” rating in a research report on Thursday, April 25th. StockNews.com upgraded shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 25th. JPMorgan Chase & Co. upgraded Lockheed Martin from a “neutral” rating to an “overweight” rating and raised their target price for the company from $475.00 to $518.00 in a research note on Monday, April 15th. Wells Fargo & Company upped their price target on Lockheed Martin from $460.00 to $480.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 25th. Finally, UBS Group boosted their price objective on Lockheed Martin from $482.00 to $499.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. One 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’s stock. Based on data from MarketBeat, Lockheed Martin presently has a consensus rating of “Hold” and a consensus target price of $485.40.

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.