Crews Bank & Trust Acquires Shares of 2,565 Lockheed Martin Co. (NYSE:LMT)

Crews Bank & Trust bought a new position in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,565 shares of the aerospace company's stock, valued at approximately $1,246,000.

Several other hedge funds have also added to or reduced their stakes in the company. Algert Global LLC bought a new stake in shares of Lockheed Martin during the 2nd quarter worth $277,000. Regal Investment Advisors LLC raised its stake in Lockheed Martin by 103.9% during the second quarter. Regal Investment Advisors LLC now owns 2,235 shares of the aerospace company's stock worth $1,044,000 after acquiring an additional 1,139 shares in the last quarter. New Century Financial Group LLC lifted its holdings in shares of Lockheed Martin by 179.6% in the second quarter. New Century Financial Group LLC now owns 1,258 shares of the aerospace company's stock worth $588,000 after acquiring an additional 808 shares during the last quarter. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Lockheed Martin in the 2nd quarter valued at approximately $201,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of Lockheed Martin during the 2nd quarter valued at approximately $24,001,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Trading Up 1.0 %

NYSE LMT traded up $4.76 during mid-day trading on Thursday, reaching $459.12. 1,910,733 shares of the stock were exchanged, compared to its average volume of 1,449,486. The stock has a market cap of $108.83 billion, a P/E ratio of 16.62, a P/E/G ratio of 4.05 and a beta of 0.48. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.30 and a quick ratio of 1.12. Lockheed Martin Co. has a one year low of $413.92 and a one year high of $618.95. The stock has a 50 day simple moving average of $495.56 and a 200-day simple moving average of $536.97.

Lockheed Martin (NYSE:LMT - Get Free Report) 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 101.44% and a net margin of 9.36%. On average, analysts anticipate that Lockheed Martin Co. will post 26.89 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 issued a dividend of $3.30 per share. The ex-dividend date is Monday, March 3rd. This represents a $13.20 annualized dividend and a yield of 2.88%. Lockheed Martin's payout ratio is 47.79%.

Wall Street Analysts Forecast Growth

LMT has been the topic of a number of research reports. Robert W. Baird boosted their target price on shares of Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. StockNews.com cut Lockheed Martin from a "strong-buy" rating to a "buy" rating in a report on Friday, January 3rd. Barclays dropped their target price on Lockheed Martin from $565.00 to $515.00 and set an "equal weight" rating for the company in a research report on Monday, January 6th. Truist Financial initiated coverage on Lockheed Martin in a report on Tuesday, January 14th. They set a "buy" rating and a $579.00 price target on the stock. Finally, TD Cowen raised their price objective on shares of Lockheed Martin from $560.00 to $610.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price 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.