Hilltop Holdings Inc. Acquires 199 Shares of Lockheed Martin Co. (NYSE:LMT)

Hilltop Holdings Inc. increased its position in shares of Lockheed Martin Co. (NYSE:LMT) by 3.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,261 shares of the aerospace company’s stock after purchasing an additional 199 shares during the period. Hilltop Holdings Inc.’s holdings in Lockheed Martin were worth $2,837,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cantor Fitzgerald Investment Advisors L.P. purchased a new position in Lockheed Martin during the fourth quarter valued at $10,083,000. Hsbc Holdings PLC grew its stake in shares of Lockheed Martin by 38.9% in the 4th quarter. Hsbc Holdings PLC now owns 198,906 shares of the aerospace company’s stock worth $89,951,000 after buying an additional 55,669 shares in the last quarter. Fortis Capital Advisors LLC grew its stake in shares of Lockheed Martin by 41.4% in the 4th quarter. Fortis Capital Advisors LLC now owns 1,048 shares of the aerospace company’s stock worth $475,000 after buying an additional 307 shares in the last quarter. Intech Investment Management LLC grew its stake in shares of Lockheed Martin by 13.7% in the 4th quarter. Intech Investment Management LLC now owns 50,190 shares of the aerospace company’s stock worth $22,748,000 after buying an additional 6,050 shares in the last quarter. Finally, Nixon Peabody Trust Co. grew its stake in shares of Lockheed Martin by 8.1% in the 4th quarter. Nixon Peabody Trust Co. now owns 669 shares of the aerospace company’s stock worth $303,000 after buying an additional 50 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Stock Performance

Shares of LMT stock traded up $0.27 during trading hours on Friday, hitting $467.35. The company’s stock had a trading volume of 513,802 shares, compared to its average volume of 757,857. The company has a 50 day moving average of $457.87 and a 200 day moving average of $447.36. The stock has a market cap of $112.14 billion, a PE ratio of 17.10, a price-to-earnings-growth ratio of 4.40 and a beta of 0.46. The company has a current ratio of 1.30, a quick ratio of 1.11 and a debt-to-equity ratio of 2.89. Lockheed Martin Co. has a 12-month low of $393.77 and a 12-month high of $479.50.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, April 23rd. The aerospace company reported $6.33 EPS for the quarter, beating the consensus estimate of $5.80 by $0.53. Lockheed Martin had a net margin of 9.73% and a return on equity of 85.96%. The business had revenue of $17.20 billion for the quarter, compared to the consensus estimate of $16.04 billion. During the same period in the prior year, the firm earned $6.43 EPS. The business’s revenue for the quarter was up 13.7% on a year-over-year basis. On average, sell-side analysts forecast that Lockheed Martin Co. will post 26.17 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 3rd will be paid a $3.15 dividend. This represents a $12.60 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend is Monday, June 3rd. Lockheed Martin’s dividend payout ratio is currently 46.10%.

Insider Activity at Lockheed Martin

In related news, SVP Maryanne Lavan sold 4,022 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $434.39, for a total value of $1,747,116.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Lockheed Martin news, SVP Maryanne Lavan sold 4,022 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $434.39, for a total transaction of $1,747,116.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Gregory M. Ulmer sold 6,204 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $431.19, for a total transaction of $2,675,102.76. Following the transaction, the insider now owns 12,604 shares of the company’s stock, valued at $5,434,718.76. The disclosure for this sale can be found here. Insiders sold a total of 16,874 shares of company stock worth $7,249,946 in the last three months. Company insiders own 0.17% of the company’s stock.

Wall Street Analyst Weigh In

LMT has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Lockheed Martin from $467.00 to $487.00 and gave the stock a “hold” rating in a research note on Thursday, April 25th. Citigroup raised their target price on shares of Lockheed Martin from $508.00 to $525.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Wells Fargo & Company lifted their price objective on shares of Lockheed Martin from $460.00 to $480.00 and gave the company an “equal weight” rating in a report on Thursday, April 25th. JPMorgan Chase & Co. upgraded shares of 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 report on Monday, April 15th. Finally, UBS Group boosted their price target on shares of Lockheed Martin from $482.00 to $499.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $485.40.

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.