Bank of Stockton Has $407,000 Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

Bank of Stockton grew its position in shares of Lockheed Martin Co. (NYSE:LMT) by 31.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 838 shares of the aerospace company’s stock after purchasing an additional 202 shares during the period. Bank of Stockton’s holdings in Lockheed Martin were worth $407,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Itau Unibanco Holding S.A. acquired a new position in shares of Lockheed Martin in the third quarter worth approximately $26,000. Heck Capital Advisors LLC acquired a new position in shares of Lockheed Martin in the fourth quarter worth approximately $35,000. Capital Performance Advisors LLP acquired a new position in shares of Lockheed Martin in the third quarter worth approximately $40,000. Legacy Investment Solutions LLC acquired a new position in shares of Lockheed Martin in the third quarter worth approximately $42,000. Finally, Vestor Capital LLC acquired a new position in shares of Lockheed Martin in the third quarter worth approximately $46,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Stock Up 0.8 %

LMT stock opened at $436.47 on Friday. The stock’s fifty day simple moving average is $471.01 and its two-hundred day simple moving average is $529.69. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10. Lockheed Martin Co. has a 1-year low of $419.70 and a 1-year high of $618.95. The stock has a market cap of $102.74 billion, a P/E ratio of 19.61, a P/E/G ratio of 2.05 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, topping the consensus estimate of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. Analysts expect that Lockheed Martin Co. will post 27.15 EPS for the current year.

Lockheed Martin Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be given a $3.30 dividend. The ex-dividend date is Monday, March 3rd. This represents a $13.20 annualized dividend and a yield of 3.02%. Lockheed Martin’s dividend payout ratio is currently 59.30%.

Wall Street Analyst Weigh In

A number of research firms recently commented on LMT. UBS Group cut their price objective on Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 29th. Citigroup lowered their target price on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a report on Tuesday, January 21st. Truist Financial assumed coverage on Lockheed Martin in a report on Tuesday, January 14th. They issued a “buy” rating and a $579.00 target price for the company. StockNews.com downgraded Lockheed Martin from a “buy” rating to a “hold” rating in a report on Friday, January 31st. Finally, Susquehanna decreased their price objective on Lockheed Martin from $590.00 to $550.00 and set a “positive” rating for the company in a report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $555.60.

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.