Lockheed Martin Co. (LMT) Position Lifted by Pennsylvania Trust Co

Pennsylvania Trust Co lifted its stake in Lockheed Martin Co. (NYSE:LMT) by 1,081.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 129,441 shares of the aerospace company’s stock after buying an additional 118,488 shares during the period. Pennsylvania Trust Co’s holdings in Lockheed Martin were worth $957,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Lederer & Associates Investment Counsel CA grew its position in shares of Lockheed Martin by 0.7% in the 4th quarter. Lederer & Associates Investment Counsel CA now owns 5,149 shares of the aerospace company’s stock valued at $1,348,000 after buying an additional 35 shares during the last quarter. Belpointe Asset Management LLC grew its position in shares of Lockheed Martin by 1.4% in the 4th quarter. Belpointe Asset Management LLC now owns 2,583 shares of the aerospace company’s stock valued at $676,000 after buying an additional 35 shares during the last quarter. Physicians Financial Services Inc. grew its position in shares of Lockheed Martin by 0.8% in the 4th quarter. Physicians Financial Services Inc. now owns 4,795 shares of the aerospace company’s stock valued at $1,256,000 after buying an additional 37 shares during the last quarter. Wealthcare Advisory Partners LLC grew its position in shares of Lockheed Martin by 1.4% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 2,832 shares of the aerospace company’s stock valued at $742,000 after buying an additional 38 shares during the last quarter. Finally, Windsor Group LTD grew its position in shares of Lockheed Martin by 3.0% in the 1st quarter. Windsor Group LTD now owns 1,307 shares of the aerospace company’s stock valued at $392,000 after buying an additional 38 shares during the last quarter. 78.31% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider Michele A. Evans sold 7,690 shares of the firm’s stock in a transaction on Thursday, February 7th. The shares were sold at an average price of $298.78, for a total value of $2,297,618.20. Following the completion of the sale, the insider now owns 7,690 shares in the company, valued at approximately $2,297,618.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Marillyn A. Hewson sold 59,434 shares of the firm’s stock in a transaction on Tuesday, February 26th. The stock was sold at an average price of $306.60, for a total transaction of $18,222,464.40. Following the completion of the sale, the chairman now owns 109,531 shares of the company’s stock, valued at approximately $33,582,204.60. The disclosure for this sale can be found here. Insiders sold a total of 85,186 shares of company stock valued at $26,010,927 in the last 90 days. Company insiders own 0.35% of the company’s stock.

Several brokerages have issued reports on LMT. Susquehanna Bancshares began coverage on shares of Lockheed Martin in a research report on Thursday, January 10th. They set a “positive” rating and a $321.00 price objective on the stock. Jefferies Financial Group reissued a “hold” rating and set a $274.00 price objective on shares of Lockheed Martin in a research report on Wednesday, January 9th. Morgan Stanley downgraded shares of Lockheed Martin from an “overweight” rating to an “equal weight” rating and set a $300.00 price objective on the stock. in a research report on Wednesday, January 9th. Bank of America reissued a “buy” rating and set a $390.00 price objective on shares of Lockheed Martin in a research report on Wednesday, January 30th. Finally, Credit Suisse Group reissued a “hold” rating and set a $297.00 price objective on shares of Lockheed Martin in a research report on Wednesday, January 23rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $350.00.

Shares of Lockheed Martin stock opened at $314.26 on Friday. Lockheed Martin Co. has a 1 year low of $241.18 and a 1 year high of $361.99. The company has a current ratio of 1.12, a quick ratio of 0.91 and a debt-to-equity ratio of 8.70. The firm has a market cap of $88.80 billion, a price-to-earnings ratio of 17.61, a price-to-earnings-growth ratio of 2.33 and a beta of 1.01.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, January 29th. The aerospace company reported $4.39 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $4.39. Lockheed Martin had a net margin of 9.39% and a return on equity of 726.78%. The company had revenue of $14.41 billion during the quarter, compared to analysts’ expectations of $13.75 billion. During the same quarter last year, the business earned ($2.25) EPS. The business’s revenue was up 4.1% on a year-over-year basis. On average, research analysts forecast that Lockheed Martin Co. will post 19.46 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 1st were paid a $2.20 dividend. This represents a $8.80 annualized dividend and a dividend yield of 2.80%. The ex-dividend date of this dividend was Thursday, February 28th. Lockheed Martin’s dividend payout ratio (DPR) is presently 49.30%.

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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. It operates through four segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.

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Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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