Simmons Bank Boosts Stake in Lockheed Martin Co. (NYSE:LMT)

Simmons Bank grew its stake in Lockheed Martin Co. (NYSE:LMT) by 0.5% during the fourth quarter, HoldingsChannel reports. The fund owned 14,335 shares of the aerospace company’s stock after acquiring an additional 65 shares during the quarter. Simmons Bank’s holdings in Lockheed Martin were worth $6,966,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in LMT. Itau Unibanco Holding S.A. bought a new stake in shares of Lockheed Martin in the 3rd quarter valued at about $26,000. Heck Capital Advisors LLC purchased a new stake in Lockheed Martin during the fourth quarter valued at approximately $35,000. Capital Performance Advisors LLP acquired a new stake in Lockheed Martin in the third quarter valued at approximately $40,000. Legacy Investment Solutions LLC purchased a new position in Lockheed Martin in the third quarter worth $42,000. Finally, Vestor Capital LLC acquired a new position in shares of Lockheed Martin during the third quarter worth $46,000. 74.19% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Susquehanna decreased their price target on Lockheed Martin from $590.00 to $550.00 and set a “positive” rating for the company in a research note on Wednesday, January 29th. UBS Group lowered their target price on shares of Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating for the company in a research note on Wednesday, January 29th. Citigroup dropped their target price on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a research report on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft cut shares of Lockheed Martin from a “buy” rating to a “hold” rating and decreased their price target for the stock from $611.00 to $523.00 in a report on Thursday, January 2nd. Finally, JPMorgan Chase & Co. lowered their price target on Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $555.60.

Lockheed Martin Trading Up 1.8 %

Shares of LMT stock opened at $448.34 on Wednesday. The company has a 50 day moving average price of $468.06 and a 200 day moving average price of $527.23. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13. 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 $105.53 billion, a P/E ratio of 20.14, a price-to-earnings-growth ratio of 2.07 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) 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%. Equities research analysts predict that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be paid a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date is Monday, March 3rd. Lockheed Martin’s dividend payout ratio is currently 59.30%.

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.