Security National Bank Has $7.13 Million Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

Security National Bank increased its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 1.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,682 shares of the aerospace company’s stock after purchasing an additional 275 shares during the period. Lockheed Martin makes up about 1.1% of Security National Bank’s holdings, making the stock its 22nd biggest position. Security National Bank’s holdings in Lockheed Martin were worth $7,133,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Warther Private Wealth LLC lifted its holdings in shares of Lockheed Martin by 86.1% in the 4th quarter. Warther Private Wealth LLC now owns 16,369 shares of the aerospace company’s stock worth $7,419,000 after purchasing an additional 7,575 shares in the last quarter. Alethea Capital Management LLC bought a new stake in Lockheed Martin in the third quarter worth about $415,000. Morningstar Investment Services LLC boosted its stake in Lockheed Martin by 99.6% in the fourth quarter. Morningstar Investment Services LLC now owns 147,811 shares of the aerospace company’s stock valued at $66,697,000 after acquiring an additional 73,774 shares during the last quarter. AdvisorNet Financial Inc increased its stake in shares of Lockheed Martin by 0.4% during the 4th quarter. AdvisorNet Financial Inc now owns 7,741 shares of the aerospace company’s stock worth $3,509,000 after purchasing an additional 29 shares during the last quarter. Finally, Cercano Management LLC bought a new stake in shares of Lockheed Martin in the 4th quarter worth approximately $29,454,000. 74.19% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. The Goldman Sachs Group decreased their target price on Lockheed Martin from $380.00 to $377.00 and set a “sell” rating for the company in a research report on Tuesday, April 23rd. Deutsche Bank Aktiengesellschaft increased their price objective on Lockheed Martin from $467.00 to $487.00 and gave the stock a “hold” rating in a report on Thursday, April 25th. Citigroup lifted their target price on Lockheed Martin from $508.00 to $525.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. StockNews.com upgraded shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research note on Thursday, April 25th. Finally, JPMorgan Chase & Co. raised Lockheed Martin from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $475.00 to $518.00 in a research note on Monday, April 15th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $485.40.

Lockheed Martin Stock Performance

Shares of NYSE:LMT traded down $0.09 during midday trading on Wednesday, reaching $467.98. 295,427 shares of the company’s stock traded hands, compared to its average volume of 1,076,089. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.11 and a current ratio of 1.30. The company has a market cap of $112.29 billion, a price-to-earnings ratio of 17.10, a P/E/G ratio of 4.41 and a beta of 0.47. The stock has a 50 day moving average of $464.34 and a 200 day moving average of $450.00. Lockheed Martin Co. has a one year low of $393.77 and a one year high of $479.50.

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

Lockheed Martin Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 3rd will be issued a dividend of $3.15 per share. This represents a $12.60 annualized dividend and a yield of 2.69%. The ex-dividend date is Monday, June 3rd. Lockheed Martin’s dividend payout ratio is presently 46.10%.

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