Argent Trust Co lifted its stake in Lockheed Martin Co. (NYSE:LMT) by 5.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,857 shares of the aerospace company’s stock after purchasing an additional 850 shares during the quarter. Argent Trust Co’s holdings in Lockheed Martin were worth $5,375,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of LMT. Capital International Investors raised its position in Lockheed Martin by 18.6% in the 4th quarter. Capital International Investors now owns 2,230,612 shares of the aerospace company’s stock worth $868,556,000 after buying an additional 350,205 shares during the last quarter. GQG Partners LLC raised its position in Lockheed Martin by 68.2% in the 4th quarter. GQG Partners LLC now owns 630,783 shares of the aerospace company’s stock worth $245,737,000 after buying an additional 255,687 shares during the last quarter. First Trust Advisors LP raised its position in Lockheed Martin by 144.8% in the 4th quarter. First Trust Advisors LP now owns 380,732 shares of the aerospace company’s stock worth $148,249,000 after buying an additional 225,225 shares during the last quarter. Renaissance Technologies LLC raised its position in Lockheed Martin by 444.0% in the 4th quarter. Renaissance Technologies LLC now owns 239,300 shares of the aerospace company’s stock worth $93,179,000 after buying an additional 195,309 shares during the last quarter. Finally, NorthRock Partners LLC raised its position in Lockheed Martin by 9,334.9% in the 4th quarter. NorthRock Partners LLC now owns 149,260 shares of the aerospace company’s stock worth $709,000 after buying an additional 147,678 shares during the last quarter. 79.28% of the stock is owned by hedge funds and other institutional investors.

NYSE:LMT traded up $1.04 during midday trading on Friday, hitting $369.86. 35,202 shares of the company traded hands, compared to its average volume of 1,362,763. The firm’s fifty day moving average is $372.79 and its 200-day moving average is $387.39. Lockheed Martin Co. has a 12-month low of $266.11 and a 12-month high of $442.53. The firm has a market capitalization of $101.66 billion, a P/E ratio of 16.74, a P/E/G ratio of 2.18 and a beta of 0.98. The company has a current ratio of 1.23, a quick ratio of 1.00 and a debt-to-equity ratio of 3.28.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, April 21st. The aerospace company reported $6.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $5.80 by $0.28. The company had revenue of $15.65 billion for the quarter, compared to the consensus estimate of $15.07 billion. Lockheed Martin had a return on equity of 185.10% and a net margin of 10.21%. Lockheed Martin’s quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $5.99 EPS. On average, research analysts expect that Lockheed Martin Co. will post 24.05 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Monday, June 1st will be given a $2.40 dividend. This represents a $9.60 annualized dividend and a yield of 2.60%. The ex-dividend date of this dividend is Friday, May 29th. Lockheed Martin’s dividend payout ratio (DPR) is presently 43.74%.

A number of research firms have issued reports on LMT. Stifel Nicolaus cut their price target on Lockheed Martin from $480.00 to $440.00 and set a “buy” rating for the company in a research note on Wednesday, April 22nd. Credit Suisse Group cut their price target on Lockheed Martin from $435.00 to $433.00 and set a “neutral” rating for the company in a research note on Wednesday, April 22nd. Vertical Research restated a “buy” rating and set a $410.00 price target on shares of Lockheed Martin in a research note on Tuesday, April 21st. JPMorgan Chase & Co. boosted their price target on Lockheed Martin from $350.00 to $395.00 and gave the company a “neutral” rating in a research note on Tuesday, April 28th. Finally, Goldman Sachs Group boosted their price objective on Lockheed Martin from $469.00 to $520.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $439.00.

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. It operates through four segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.

Further Reading: Circuit Breakers

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Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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