Bell Bank Purchases 72 Shares of Lockheed Martin Co. (NYSE:LMT)

Bell Bank lifted its position in shares of Lockheed Martin Co. (NYSE:LMT) by 6.5% during the first quarter, Holdings Channel.com reports. The firm owned 1,181 shares of the aerospace company’s stock after buying an additional 72 shares during the quarter. Bell Bank’s holdings in Lockheed Martin were worth $528,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Millstone Evans Group LLC bought a new position in shares of Lockheed Martin during the fourth quarter worth approximately $32,000. Mizuho Securities Co. Ltd. bought a new position in shares of Lockheed Martin during the fourth quarter worth approximately $34,000. Heck Capital Advisors LLC bought a new position in shares of Lockheed Martin during the fourth quarter worth approximately $35,000. Redwood Park Advisors LLC bought a new position in shares of Lockheed Martin during the fourth quarter worth approximately $40,000. Finally, Runnymede Capital Advisors Inc. bought a new position in shares of Lockheed Martin during the fourth quarter worth approximately $42,000. Institutional investors own 74.19% of the company’s stock.

Wall Street Analyst Weigh In

LMT has been the topic of a number of recent research reports. Baird R W upgraded Lockheed Martin from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 23rd. Robert W. Baird upgraded Lockheed Martin from a “neutral” rating to an “outperform” rating and set a $540.00 price objective on the stock in a research note on Wednesday, April 23rd. Melius Research lowered Lockheed Martin from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 24th. Wells Fargo & Company lowered their price objective on Lockheed Martin from $476.00 to $432.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 8th. Finally, Bank of America lowered Lockheed Martin from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $685.00 to $485.00 in a research note on Monday, March 24th. Nine investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Lockheed Martin presently has a consensus rating of “Moderate Buy” and a consensus price target of $541.80.

Lockheed Martin Trading Down 4.0%

Shares of LMT stock opened at $466.91 on Tuesday. The stock’s fifty day moving average price is $471.23 and its two-hundred day moving average price is $469.21. The company has a market cap of $109.39 billion, a PE ratio of 20.98, a P/E/G ratio of 2.07 and a beta of 0.29. Lockheed Martin Co. has a fifty-two week low of $418.88 and a fifty-two week high of $618.95. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share for the quarter, beating the consensus estimate of $6.34 by $0.94. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. The company had revenue of $17.96 billion for the quarter, compared to the consensus estimate of $17.83 billion. Equities analysts predict that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Monday, June 2nd will be issued a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a dividend yield of 2.83%. The ex-dividend date of this dividend is Monday, June 2nd. Lockheed Martin’s dividend payout ratio (DPR) is 57.02%.

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. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.