Central Bank & Trust Co. lessened its position in Lockheed Martin Co. (NYSE:LMT) by 27.7% during the first quarter, Holdings Channel reports. The fund owned 272 shares of the aerospace company’s stock after selling 104 shares during the period. Central Bank & Trust Co.’s holdings in Lockheed Martin were worth $82,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in LMT. Oregon Public Employees Retirement Fund grew its holdings in Lockheed Martin by 77,867.1% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 21,152,483 shares of the aerospace company’s stock worth $81,000 after acquiring an additional 21,125,353 shares during the last quarter. BlackRock Inc. grew its holdings in Lockheed Martin by 8.2% in the 4th quarter. BlackRock Inc. now owns 18,811,944 shares of the aerospace company’s stock worth $4,925,719,000 after acquiring an additional 1,426,889 shares during the last quarter. Geode Capital Management LLC grew its holdings in Lockheed Martin by 25.3% in the 4th quarter. Geode Capital Management LLC now owns 3,422,800 shares of the aerospace company’s stock worth $894,874,000 after acquiring an additional 691,751 shares during the last quarter. California Public Employees Retirement System grew its holdings in Lockheed Martin by 40.6% in the 4th quarter. California Public Employees Retirement System now owns 1,294,842 shares of the aerospace company’s stock worth $339,041,000 after acquiring an additional 373,997 shares during the last quarter. Finally, Bank of Montreal Can lifted its position in shares of Lockheed Martin by 47.7% in the 4th quarter. Bank of Montreal Can now owns 968,019 shares of the aerospace company’s stock worth $253,466,000 after purchasing an additional 312,488 shares during the period. 78.31% of the stock is currently owned by institutional investors and hedge funds.
In related news, EVP Richard F. Ambrose sold 6,647 shares of Lockheed Martin stock in a transaction dated Wednesday, February 6th. The shares were sold at an average price of $301.34, for a total transaction of $2,003,006.98. Following the completion of the transaction, the executive vice president now directly owns 4,218 shares of the company’s stock, valued at approximately $1,271,052.12. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider John Frank A. St sold 1,900 shares of Lockheed Martin stock in a transaction dated Wednesday, February 27th. The shares were sold at an average price of $305.42, for a total transaction of $580,298.00. Following the transaction, the insider now directly owns 551 shares of the company’s stock, valued at $168,286.42. The disclosure for this sale can be found here. Over the last three months, insiders have sold 85,186 shares of company stock valued at $26,010,927. 0.35% of the stock is currently owned by corporate insiders.
Shares of NYSE LMT opened at $330.12 on Thursday. Lockheed Martin Co. has a 1 year low of $241.18 and a 1 year high of $351.35. The stock has a market cap of $88.85 billion, a P/E ratio of 18.49, a price-to-earnings-growth ratio of 2.33 and a beta of 1.01. The company has a debt-to-equity ratio of 8.70, a current ratio of 1.12 and a quick ratio of 0.91.
Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, April 23rd. The aerospace company reported $5.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.29 by $1.70. Lockheed Martin had a net margin of 9.39% and a return on equity of 726.78%. The company had revenue of $14.34 billion during the quarter, compared to analysts’ expectations of $12.48 billion. During the same period last year, the company posted $4.02 EPS. Lockheed Martin’s revenue was up 23.2% on a year-over-year basis. As a group, research analysts forecast that Lockheed Martin Co. will post 19.46 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 3rd will be given a dividend of $2.20 per share. This represents a $8.80 dividend on an annualized basis and a yield of 2.67%. Lockheed Martin’s dividend payout ratio (DPR) is currently 49.30%.
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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