Capital City Trust Co. FL Buys 452 Shares of Lockheed Martin Co. (NYSE:LMT)

Capital City Trust Co. FL raised its position in shares of Lockheed Martin Co. (NYSE:LMT) by 9.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,233 shares of the aerospace company’s stock after purchasing an additional 452 shares during the period. Capital City Trust Co. FL’s holdings in Lockheed Martin were worth $2,543,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of LMT. Itau Unibanco Holding S.A. bought a new stake in shares of Lockheed Martin in the third quarter worth $26,000. Capital Performance Advisors LLP bought a new stake in shares of Lockheed Martin in the third quarter worth $40,000. Heck Capital Advisors LLC bought a new stake in shares of Lockheed Martin in the fourth quarter worth $35,000. Legacy Investment Solutions LLC bought a new stake in shares of Lockheed Martin in the third quarter worth $42,000. Finally, Vestor Capital LLC bought a new stake in shares of Lockheed Martin in the third quarter worth $46,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Price Performance

LMT stock opened at $441.20 on Friday. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10. Lockheed Martin Co. has a 52-week low of $419.70 and a 52-week high of $618.95. The stock’s 50 day moving average is $469.94 and its two-hundred day moving average is $528.97. The company has a market capitalization of $103.86 billion, a PE ratio of 19.82, a P/E/G ratio of 2.07 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. Analysts predict that Lockheed Martin Co. will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be given a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date is Monday, March 3rd. Lockheed Martin’s dividend payout ratio (DPR) is currently 59.30%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on LMT shares. StockNews.com cut shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Friday, January 31st. UBS Group cut their target price on shares of Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating for the company in a research report on Wednesday, January 29th. Citigroup decreased their target price on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a report on Tuesday, January 21st. JPMorgan Chase & Co. decreased their price target on shares of Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Finally, Susquehanna cut their price objective on shares of Lockheed Martin from $590.00 to $550.00 and set a “positive” rating for the company in a research note on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $555.60.

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.