American National Bank & Trust Acquires 866 Shares of Lockheed Martin Co. (NYSE:LMT)

American National Bank & Trust grew its holdings in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 2.3% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 38,842 shares of the aerospace company's stock after acquiring an additional 866 shares during the period. Lockheed Martin comprises 1.9% of American National Bank & Trust's holdings, making the stock its 13th largest holding. American National Bank & Trust's holdings in Lockheed Martin were worth $17,351,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Millstone Evans Group LLC bought a new stake in shares of Lockheed Martin during the fourth quarter valued at approximately $32,000. Mizuho Securities Co. Ltd. bought a new stake in Lockheed Martin in the fourth quarter worth about $34,000. Heck Capital Advisors LLC bought a new position in shares of Lockheed Martin during the 4th quarter valued at approximately $35,000. Redwood Park Advisors LLC purchased a new stake in shares of Lockheed Martin during the 4th quarter worth approximately $40,000. Finally, Runnymede Capital Advisors Inc. purchased a new position in Lockheed Martin in the fourth quarter valued at approximately $42,000. Institutional investors and hedge funds own 74.19% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on LMT. Baird R W raised Lockheed Martin from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 23rd. Royal Bank of Canada downgraded shares of Lockheed Martin from an "outperform" rating to a "sector perform" rating and dropped their price objective for the company from $550.00 to $480.00 in a report on Thursday, March 27th. Robert W. Baird upgraded shares of Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 target price for the company in a research note on Wednesday, April 23rd. Wells Fargo & Company lowered their target price on shares of Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Finally, Jefferies Financial Group decreased their price target on Lockheed Martin from $510.00 to $500.00 and set a "hold" rating on the stock in a research report on Monday, April 28th. Nine research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $541.80.

Lockheed Martin Trading Up 1.2%

LMT traded up $5.65 on Wednesday, hitting $485.82. 552,549 shares of the company were exchanged, compared to its average volume of 1,575,144. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13. The firm has a fifty day simple moving average of $465.46 and a two-hundred day simple moving average of $473.11. The stock has a market capitalization of $113.83 billion, a PE ratio of 21.82, a price-to-earnings-growth ratio of 2.07 and a beta of 0.29. Lockheed Martin Co. has a 12 month low of $418.88 and a 12 month high of $618.95.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 EPS for the quarter, beating analysts' consensus estimates of $6.34 by $0.94. The company had revenue of $17.96 billion during the quarter, compared to analyst estimates of $17.83 billion. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. Sell-side analysts expect that Lockheed Martin Co. will post 27.15 earnings per share for the current 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 dividend of $3.30 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.72%. Lockheed Martin's dividend payout ratio is currently 57.02%.

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.