Bank of Jackson Hole Trust Purchases Shares of 1,509 Lockheed Martin Co. (NYSE:LMT)

Bank of Jackson Hole Trust bought a new stake in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,509 shares of the aerospace company's stock, valued at approximately $733,000.

Several other large investors have also made changes to their positions in LMT. International Assets Investment Management LLC grew its stake in shares of Lockheed Martin by 60,592.0% in the 3rd quarter. International Assets Investment Management LLC now owns 1,559,178 shares of the aerospace company's stock valued at $911,433,000 after buying an additional 1,556,609 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of Lockheed Martin by 1,239.6% in the 4th quarter. Van ECK Associates Corp now owns 548,237 shares of the aerospace company's stock valued at $266,410,000 after buying an additional 507,312 shares in the last quarter. Los Angeles Capital Management LLC grew its stake in shares of Lockheed Martin by 124.0% in the 3rd quarter. Los Angeles Capital Management LLC now owns 450,870 shares of the aerospace company's stock valued at $263,561,000 after buying an additional 249,591 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of Lockheed Martin by 8.5% in the 3rd quarter. Wellington Management Group LLP now owns 3,074,855 shares of the aerospace company's stock valued at $1,797,437,000 after buying an additional 240,306 shares in the last quarter. Finally, FMR LLC grew its stake in shares of Lockheed Martin by 6.6% in the 3rd quarter. FMR LLC now owns 3,389,025 shares of the aerospace company's stock valued at $1,981,088,000 after buying an additional 209,591 shares in the last quarter. Institutional investors own 74.19% of the company's stock.

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Lockheed Martin Stock Performance

Shares of LMT stock traded up $4.91 during trading hours on Friday, reaching $441.20. 1,652,065 shares of the company's stock were exchanged, compared to its average volume of 1,762,412. Lockheed Martin Co. has a fifty-two week low of $419.70 and a fifty-two week high of $618.95. The stock has a market capitalization of $103.86 billion, a P/E ratio of 19.82, a P/E/G ratio of 2.07 and a beta of 0.48. The business has a fifty day moving average price of $469.94 and a 200-day moving average price of $528.89. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, beating analysts' consensus estimates of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. Analysts predict that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be paid a $3.30 dividend. The ex-dividend date is Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.99%. Lockheed Martin's payout ratio is 59.30%.

Analysts Set New Price Targets

Several research firms recently weighed in on LMT. StockNews.com lowered Lockheed Martin from a "buy" rating to a "hold" rating in a report on Friday, January 31st. Citigroup reduced 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. UBS Group reduced their target price on Lockheed Martin from $527.00 to $508.00 and set a "neutral" rating for the company in a report on Wednesday, January 29th. Wells Fargo & Company reduced their target price on Lockheed Martin from $500.00 to $497.00 and set an "equal weight" rating for the company in a report on Thursday, January 30th. Finally, Barclays reduced their target price on Lockheed Martin from $565.00 to $515.00 and set an "equal weight" rating for the company in a report on Monday, January 6th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Lockheed Martin has a consensus rating of "Moderate Buy" and a consensus price target of $555.60.

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.