First American Bank Increases Holdings in Lockheed Martin Corporation (NYSE:LMT)

First American Bank increased its position in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 18.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,393 shares of the aerospace company's stock after purchasing an additional 1,327 shares during the quarter. First American Bank's holdings in Lockheed Martin were worth $3,749,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Millstone Evans Group LLC bought a new position in Lockheed Martin during the 4th quarter valued at approximately $32,000. Mizuho Securities Co. Ltd. bought a new position in Lockheed Martin during the 4th quarter valued at approximately $34,000. Heck Capital Advisors LLC bought a new position in Lockheed Martin during the 4th quarter valued at approximately $35,000. Redwood Park Advisors LLC bought a new position in Lockheed Martin during the 4th quarter valued at approximately $40,000. Finally, Runnymede Capital Advisors Inc. bought a new position in Lockheed Martin during the 4th quarter valued at approximately $42,000. Hedge funds and other institutional investors own 74.19% of the company's stock.

Lockheed Martin Price Performance

Shares of Lockheed Martin stock traded down $11.83 during trading hours on Tuesday, hitting $460.63. The company's stock had a trading volume of 1,968,120 shares, compared to its average volume of 1,347,722. The business has a 50 day moving average price of $471.56 and a two-hundred day moving average price of $467.62. Lockheed Martin Corporation has a 12-month low of $418.88 and a 12-month high of $618.95. The company has a market cap of $107.93 billion, a PE ratio of 16.35, a PEG ratio of 1.65 and a beta of 0.29. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.91 and a current ratio of 1.08.

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 the consensus estimate of $6.34 by $0.94. Lockheed Martin had a return on equity of 104.09% and a net margin of 7.66%. The business had revenue of $17.96 billion for the quarter, compared to the consensus estimate of $17.83 billion. Analysts expect that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Monday, June 2nd will be issued a $3.30 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $13.20 annualized dividend and a dividend yield of 2.87%. Lockheed Martin's dividend payout ratio (DPR) is 57.02%.

Analysts Set New Price Targets

A number of research firms recently weighed in on LMT. Bank of America lowered Lockheed Martin from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $685.00 to $485.00 in a research report on Monday, March 24th. UBS Group lifted their target price on Lockheed Martin from $481.00 to $499.00 and gave the stock a "neutral" rating in a report on Wednesday, April 23rd. Wall Street Zen lowered Lockheed Martin from a "strong-buy" rating to a "buy" rating in a report on Saturday, May 3rd. Robert W. Baird raised Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 target price for the company in a report on Wednesday, April 23rd. Finally, Melius lowered Lockheed Martin from a "buy" rating to a "hold" rating in a report on Monday, March 24th. Nine investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $541.80.

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.