Huntington National Bank lifted its stake in Lockheed Martin Co. (NYSE:LMT) by 1.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 149,979 shares of the aerospace company’s stock after acquiring an additional 2,815 shares during the period. Huntington National Bank owned approximately 0.05% of Lockheed Martin worth $45,017,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Bremer Trust National Association bought a new position in shares of Lockheed Martin in the fourth quarter worth $25,000. ERTS Wealth Advisors LLC bought a new stake in Lockheed Martin during the fourth quarter valued at $26,000. Lake Point Wealth Management bought a new stake in Lockheed Martin during the fourth quarter valued at $26,000. Van ECK Associates Corp bought a new stake in Lockheed Martin during the fourth quarter valued at $29,000. Finally, Virtus ETF Advisers LLC bought a new stake in Lockheed Martin during the fourth quarter valued at $31,000. 78.29% of the stock is owned by hedge funds and other institutional investors.

In other Lockheed Martin news, VP Brian P. Colan sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of $304.56, for a total transaction of $1,218,240.00. Following the sale, the vice president now owns 2,489 shares in the company, valued at $758,049.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Richard F. Ambrose sold 6,647 shares of the firm’s stock in a transaction dated Wednesday, February 6th. The shares were sold at an average price of $301.34, for a total value of $2,003,006.98. Following the sale, the executive vice president now owns 4,218 shares in the company, valued at approximately $1,271,052.12. The disclosure for this sale can be found here. Insiders have sold 85,186 shares of company stock worth $26,010,927 in the last 90 days. Company insiders own 0.35% of the company’s stock.

NYSE LMT opened at $302.68 on Wednesday. Lockheed Martin Co. has a twelve month low of $241.18 and a twelve month 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 stock has a market cap of $86.37 billion, a price-to-earnings ratio of 16.96, a PEG ratio of 2.24 and a beta of 1.01.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, January 29th. The aerospace company reported $4.39 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $4.39. Lockheed Martin had a return on equity of 726.78% and a net margin of 9.39%. The business had revenue of $14.41 billion for the quarter, compared to the consensus estimate of $13.75 billion. During the same quarter last year, the business posted ($2.25) earnings per share. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. On average, analysts predict that Lockheed Martin Co. will post 19.42 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 1st were given a dividend of $2.20 per share. The ex-dividend date of this dividend was Thursday, February 28th. This represents a $8.80 dividend on an annualized basis and a yield of 2.91%. Lockheed Martin’s payout ratio is 49.30%.

Several equities research analysts recently issued reports on the company. Susquehanna Bancshares assumed coverage on Lockheed Martin in a research note on Thursday, January 10th. They set a “positive” rating and a $321.00 price objective for the company. Jefferies Financial Group reissued a “hold” rating and set a $274.00 price objective on shares of Lockheed Martin in a research note on Wednesday, January 9th. Morgan Stanley lowered Lockheed Martin from an “overweight” rating to an “equal weight” rating and set a $300.00 price objective for the company. in a research note on Wednesday, January 9th. Robert W. Baird reissued a “buy” rating and set a $326.00 price objective on shares of Lockheed Martin in a research note on Friday, December 21st. Finally, Bank of America reissued a “buy” rating and set a $390.00 price objective on shares of Lockheed Martin in a research note on Wednesday, January 30th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $350.00.

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Lockheed Martin 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. 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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