Stock Yards Bank & Trust Co. Has $5.32 Million Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

Stock Yards Bank & Trust Co. lowered its holdings in Lockheed Martin Co. (NYSE:LMT - Free Report) by 11.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,395 shares of the aerospace company's stock after selling 1,429 shares during the period. Stock Yards Bank & Trust Co.'s holdings in Lockheed Martin were worth $5,323,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Aveo Capital Partners LLC raised its stake in Lockheed Martin by 4.1% in the fourth quarter. Aveo Capital Partners LLC now owns 661 shares of the aerospace company's stock valued at $300,000 after purchasing an additional 26 shares in the last quarter. Gryphon Financial Partners LLC lifted its holdings in shares of Lockheed Martin by 111.1% during the 4th quarter. Gryphon Financial Partners LLC now owns 2,297 shares of the aerospace company's stock worth $1,026,000 after acquiring an additional 1,209 shares during the period. TrinityPoint Wealth LLC boosted its position in shares of Lockheed Martin by 9.5% during the 4th quarter. TrinityPoint Wealth LLC now owns 3,948 shares of the aerospace company's stock worth $1,789,000 after acquiring an additional 344 shares in the last quarter. Gladstone Institutional Advisory LLC increased its stake in Lockheed Martin by 22.6% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 10,479 shares of the aerospace company's stock valued at $4,750,000 after acquiring an additional 1,932 shares during the last quarter. Finally, Paragon Private Wealth Management LLC raised its position in Lockheed Martin by 10.2% during the fourth quarter. Paragon Private Wealth Management LLC now owns 628 shares of the aerospace company's stock valued at $285,000 after purchasing an additional 58 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company's stock.

Insider Activity

In related news, insider Timothy S. Cahill sold 3,975 shares of the business's stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $515.36, for a total value of $2,048,556.00. Following the transaction, the insider now owns 8,877 shares in the company, valued at $4,574,850.72. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.17% of the company's stock.

Lockheed Martin Trading Down 1.0 %

NYSE LMT traded down $5.85 on Tuesday, reaching $567.07. The company had a trading volume of 739,864 shares, compared to its average volume of 1,056,376. The firm has a market cap of $136.06 billion, a price-to-earnings ratio of 20.63, a P/E/G ratio of 4.55 and a beta of 0.47. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.24 and a quick ratio of 1.07. Lockheed Martin Co. has a fifty-two week low of $393.77 and a fifty-two week high of $578.73. The business has a 50 day moving average of $537.11 and a two-hundred day moving average of $485.28.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings results on Tuesday, July 23rd. The aerospace company reported $7.11 earnings per share for the quarter, beating the consensus estimate of $6.45 by $0.66. The company had revenue of $18.12 billion during the quarter, compared to analysts' expectations of $17.05 billion. Lockheed Martin had a return on equity of 95.03% and a net margin of 9.48%. The business's quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $6.73 earnings per share. Analysts forecast that Lockheed Martin Co. will post 26.65 EPS for the current year.

Lockheed Martin Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Tuesday, September 3rd will be given a $3.15 dividend. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $12.60 dividend on an annualized basis and a dividend yield of 2.22%. Lockheed Martin's dividend payout ratio (DPR) is currently 46.10%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Bank of America reaffirmed a "buy" rating and issued a $635.00 target price on shares of Lockheed Martin in a report on Friday, August 30th. UBS Group boosted their target price on Lockheed Martin from $511.00 to $538.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 24th. JPMorgan Chase & Co. raised their price target on shares of Lockheed Martin from $518.00 to $560.00 and gave the company an "overweight" rating in a research note on Thursday, July 25th. Melius Research raised shares of Lockheed Martin to a "strong-buy" rating in a report on Tuesday, September 3rd. Finally, Melius raised shares of Lockheed Martin from a "hold" rating to a "buy" rating and set a $704.00 price objective for the company in a research note on Tuesday, September 3rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $553.43.

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.