First PREMIER Bank Buys 190 Shares of Lockheed Martin Co. (NYSE:LMT)

First PREMIER Bank lifted its stake in Lockheed Martin Co. (NYSE:LMT) by 9.5% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,185 shares of the aerospace company’s stock after purchasing an additional 190 shares during the quarter. First PREMIER Bank’s holdings in Lockheed Martin were worth $1,277,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Mattson Financial Services LLC bought a new stake in shares of Lockheed Martin in the 2nd quarter worth about $27,000. Sachetta LLC raised its position in Lockheed Martin by 50.0% in the 2nd quarter. Sachetta LLC now owns 60 shares of the aerospace company’s stock worth $28,000 after purchasing an additional 20 shares during the period. Wiser Advisor Group LLC raised its position in Lockheed Martin by 65.8% in the 1st quarter. Wiser Advisor Group LLC now owns 63 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 25 shares during the period. Edmond DE Rothschild Holding S.A. bought a new stake in Lockheed Martin in the first quarter worth about $30,000. Finally, Stephens Consulting LLC grew its stake in shares of Lockheed Martin by 48.9% during the second quarter. Stephens Consulting LLC now owns 67 shares of the aerospace company’s stock valued at $31,000 after buying an additional 22 shares during the last quarter. Institutional investors own 74.19% of the company’s stock.

Analyst Upgrades and Downgrades

LMT has been the subject of a number of research analyst reports. Melius Research raised Lockheed Martin to a “strong-buy” rating in a research note on Tuesday, September 3rd. Barclays boosted their target price on shares of Lockheed Martin from $480.00 to $505.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 30th. TD Cowen upgraded shares of Lockheed Martin to a “strong-buy” rating in a report on Tuesday. StockNews.com cut shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. raised their target price on shares of Lockheed Martin from $518.00 to $560.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, four have given a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Lockheed Martin has a consensus rating of “Moderate Buy” and an average target price of $568.31.

Lockheed Martin Stock Down 0.4 %

Shares of NYSE LMT opened at $605.38 on Wednesday. The firm has a market cap of $145.25 billion, a price-to-earnings ratio of 22.26, a price-to-earnings-growth ratio of 4.66 and a beta of 0.47. The company’s 50-day simple moving average is $568.68 and its 200-day simple moving average is $502.34. The company has a quick ratio of 1.07, a current ratio of 1.24 and a debt-to-equity ratio of 3.10. Lockheed Martin Co. has a 52-week low of $413.92 and a 52-week high of $611.59.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, July 23rd. The aerospace company reported $7.11 EPS for the quarter, beating the consensus estimate of $6.45 by $0.66. The firm had revenue of $18.12 billion during the quarter, compared to the consensus estimate of $17.05 billion. Lockheed Martin had a return on equity of 95.03% and a net margin of 9.48%. The firm’s revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the company earned $6.73 EPS. Equities analysts predict that Lockheed Martin Co. will post 26.65 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 2nd will be given a dividend of $3.30 per share. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.15. This represents a $13.20 annualized dividend and a yield of 2.18%. The ex-dividend date is Monday, December 2nd. Lockheed Martin’s dividend payout ratio (DPR) is presently 48.30%.

Insiders Place Their Bets

In other news, insider Timothy S. Cahill sold 3,975 shares of Lockheed Martin stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $515.36, for a total transaction of $2,048,556.00. Following the sale, the insider now owns 8,877 shares of the company’s stock, valued at approximately $4,574,850.72. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.17% of the stock is owned by insiders.

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. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.