First National Bank of Mount Dora Trust Investment Services Boosts Holdings in Lockheed Martin Co. (NYSE:LMT)

First National Bank of Mount Dora Trust Investment Services grew its position in shares of Lockheed Martin Co. (NYSE:LMTFree Report) by 1.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,866 shares of the aerospace company’s stock after purchasing an additional 119 shares during the quarter. First National Bank of Mount Dora Trust Investment Services’ holdings in Lockheed Martin were worth $3,123,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in LMT. Altshuler Shaham Ltd acquired a new stake in shares of Lockheed Martin during the fourth quarter worth about $26,000. Activest Wealth Management lifted its position in Lockheed Martin by 1,200.0% during the 4th quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock worth $30,000 after acquiring an additional 60 shares during the period. Iron Horse Wealth Management LLC grew its stake in shares of Lockheed Martin by 1,925.0% in the 4th quarter. Iron Horse Wealth Management LLC now owns 81 shares of the aerospace company’s stock valued at $37,000 after purchasing an additional 77 shares during the last quarter. Providence Capital Advisors LLC acquired a new position in shares of Lockheed Martin in the third quarter valued at approximately $35,000. Finally, TFC Financial Management Inc. raised its stake in shares of Lockheed Martin by 206.9% during the fourth quarter. TFC Financial Management Inc. now owns 89 shares of the aerospace company’s stock worth $40,000 after purchasing an additional 60 shares during the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. StockNews.com raised shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research note on Thursday, April 25th. JPMorgan Chase & Co. upgraded shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $475.00 to $518.00 in a research note on Monday, April 15th. Wells Fargo & Company boosted their target price on Lockheed Martin from $460.00 to $480.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 25th. Citigroup raised their price target on Lockheed Martin from $508.00 to $525.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Lockheed Martin from $467.00 to $487.00 and gave the stock a “hold” rating in a report on Thursday, April 25th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Lockheed Martin presently has an average rating of “Hold” and an average target price of $485.40.

Get Our Latest Research Report on LMT

Lockheed Martin Price Performance

Shares of NYSE:LMT traded up $1.67 during midday trading on Friday, hitting $468.01. 351,305 shares of the stock were exchanged, compared to its average volume of 1,060,724. Lockheed Martin Co. has a twelve month low of $393.77 and a twelve month high of $479.50. The company has a current ratio of 1.30, a quick ratio of 1.11 and a debt-to-equity ratio of 2.89. The company has a 50 day moving average price of $463.37 and a 200-day moving average price of $449.54. The stock has a market cap of $112.29 billion, a P/E ratio of 17.12, a PEG ratio of 4.33 and a beta of 0.47.

Lockheed Martin (NYSE:LMTGet Free Report) last announced its quarterly earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.80 by $0.53. The company had revenue of $17.20 billion for the quarter, compared to the consensus estimate of $16.04 billion. Lockheed Martin had a net margin of 9.73% and a return on equity of 85.96%. The company’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $6.43 earnings per share. On average, research analysts forecast that Lockheed Martin Co. will post 26.17 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 3rd will be paid a dividend of $3.15 per share. This represents a $12.60 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date is Monday, June 3rd. Lockheed Martin’s payout ratio is currently 46.10%.

Lockheed Martin Profile

(Free Report)

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.

Further Reading

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

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