First Financial Bankshares Inc Purchases New Shares in Lockheed Martin Co. (NYSE:LMT)

First Financial Bankshares Inc purchased a new stake in shares of Lockheed Martin Co. (NYSE:LMT) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 96,776 shares of the aerospace company’s stock, valued at approximately $43,863,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of LMT. Bank Julius Baer & Co. Ltd Zurich raised its holdings in Lockheed Martin by 73.0% during the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 64 shares of the aerospace company’s stock valued at $26,000 after buying an additional 27 shares during the period. Altshuler Shaham Ltd bought a new position in Lockheed Martin in the 4th quarter valued at $26,000. Activest Wealth Management grew its position in Lockheed Martin by 1,200.0% in the 4th quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 60 shares during the last quarter. Providence Capital Advisors LLC bought a new position in Lockheed Martin in the 3rd quarter valued at $35,000. Finally, Iron Horse Wealth Management LLC grew its position in Lockheed Martin by 1,925.0% in the 4th quarter. Iron Horse Wealth Management LLC now owns 81 shares of the aerospace company’s stock valued at $37,000 after acquiring an additional 77 shares during the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Trading Down 0.7 %

Lockheed Martin stock traded down $3.48 during trading on Tuesday, reaching $463.98. 521,749 shares of the company were exchanged, compared to its average volume of 1,077,212. Lockheed Martin Co. has a 52-week low of $393.77 and a 52-week high of $479.50. The company has a market capitalization of $111.33 billion, a P/E ratio of 16.98, a PEG ratio of 4.42 and a beta of 0.48. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.30 and a quick ratio of 1.11. The stock’s 50 day simple moving average is $461.99 and its two-hundred day simple moving average is $448.86.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, April 23rd. The aerospace company reported $6.33 EPS for the quarter, topping analysts’ consensus estimates of $5.80 by $0.53. Lockheed Martin had a return on equity of 85.96% and a net margin of 9.73%. The firm had revenue of $17.20 billion for the quarter, compared to the consensus estimate of $16.04 billion. During the same quarter last year, the business posted $6.43 earnings per share. The firm’s revenue was up 13.7% compared to the same quarter last year. On average, equities research analysts expect that Lockheed Martin Co. will post 26.17 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 3rd will be given a $3.15 dividend. The ex-dividend date is Monday, June 3rd. This represents a $12.60 dividend on an annualized basis and a yield of 2.72%. Lockheed Martin’s dividend payout ratio is currently 46.10%.

Analysts Set New Price Targets

Several equities analysts have commented on LMT shares. The Goldman Sachs Group cut their price objective on Lockheed Martin from $380.00 to $377.00 and set a “sell” rating on the stock in a research report on Tuesday, April 23rd. Wells Fargo & Company increased their price target on Lockheed Martin from $460.00 to $480.00 and gave the company an “equal weight” rating in a research note on Thursday, April 25th. UBS Group raised their price objective on Lockheed Martin from $482.00 to $499.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Citigroup raised their price objective on Lockheed Martin from $508.00 to $525.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Finally, JPMorgan Chase & Co. raised Lockheed Martin from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $475.00 to $518.00 in a report on Monday, April 15th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $485.40.

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.