City National Bank of Florida MSD Makes New $368,000 Investment in Lockheed Martin Co. (NYSE:LMT)

City National Bank of Florida MSD acquired a new position in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 758 shares of the aerospace company's stock, valued at approximately $368,000.

Other institutional investors have also recently added to or reduced their stakes in the company. RB Capital Management LLC lifted its holdings in Lockheed Martin by 2.4% during the 4th quarter. RB Capital Management LLC now owns 4,372 shares of the aerospace company's stock worth $2,125,000 after buying an additional 102 shares in the last quarter. 49 Wealth Management LLC increased its position in shares of Lockheed Martin by 18.3% during the fourth quarter. 49 Wealth Management LLC now owns 639 shares of the aerospace company's stock worth $311,000 after acquiring an additional 99 shares during the period. Orion Capital Management LLC acquired a new stake in shares of Lockheed Martin in the fourth quarter valued at $89,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in Lockheed Martin by 14.0% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 41,079 shares of the aerospace company's stock valued at $19,962,000 after purchasing an additional 5,049 shares during the period. Finally, First Heartland Consultants Inc. acquired a new position in Lockheed Martin during the 4th quarter worth $445,000. Institutional investors and hedge funds own 74.19% of the company's stock.

Lockheed Martin Trading Down 1.2%

LMT opened at $470.35 on Thursday. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10. The firm has a market cap of $110.20 billion, a price-to-earnings ratio of 21.13, a price-to-earnings-growth ratio of 2.07 and a beta of 0.29. Lockheed Martin Co. has a 52 week low of $418.88 and a 52 week high of $618.95. The business's 50 day moving average is $461.64 and its two-hundred day moving average is $478.52.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $7.28 EPS for the quarter, beating analysts' consensus estimates of $6.34 by $0.94. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. The firm had revenue of $17.96 billion during the quarter, compared to the consensus estimate of $17.83 billion. On average, research analysts predict that Lockheed Martin Co. will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, June 2nd will be given a $3.30 dividend. This represents a $13.20 annualized dividend and a yield of 2.81%. The ex-dividend date is Monday, June 2nd. Lockheed Martin's payout ratio is 57.02%.

Insider Buying and Selling at Lockheed Martin

In other Lockheed Martin news, VP Harry Edward Paul III sold 707 shares of the business's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $442.61, for a total transaction of $312,925.27. Following the sale, the vice president now directly owns 2,278 shares in the company, valued at approximately $1,008,265.58. The trade was a 23.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of Lockheed Martin stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $442.42, for a total value of $1,421,495.46. Following the transaction, the insider now directly owns 2,000 shares of the company's stock, valued at $884,840. This trade represents a 61.63% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,133 shares of company stock valued at $3,155,916. 0.14% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on LMT. StockNews.com cut shares of Lockheed Martin from a "strong-buy" rating to a "buy" rating in a report on Saturday, May 3rd. Jefferies Financial Group reduced their price objective on shares of Lockheed Martin from $510.00 to $500.00 and set a "hold" rating on the stock in a report on Monday, April 28th. Morgan Stanley upgraded shares of Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 target price for the company in a research note on Wednesday, April 16th. Susquehanna cut their price target on Lockheed Martin from $590.00 to $550.00 and set a "positive" rating on the stock in a research note on Wednesday, January 29th. Finally, Robert W. Baird raised Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 price target for the company in a report on Wednesday, April 23rd. Nine research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Lockheed Martin currently has an average rating of "Moderate Buy" and an average target price of $541.80.

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.

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