First National Bank of Omaha Acquires 217 Shares of Lockheed Martin Co. (NYSE:LMT)

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First National Bank of Omaha grew its position in shares of Lockheed Martin Co. (NYSE:LMT) by 1.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,314 shares of the aerospace company’s stock after acquiring an additional 217 shares during the quarter. First National Bank of Omaha’s holdings in Lockheed Martin were worth $4,840,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in LMT. Dimensional Fund Advisors LP raised its holdings in Lockheed Martin by 5.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 680,087 shares of the aerospace company’s stock valued at $178,074,000 after buying an additional 37,194 shares in the last quarter. Geode Capital Management LLC raised its holdings in Lockheed Martin by 25.3% during the fourth quarter. Geode Capital Management LLC now owns 3,422,800 shares of the aerospace company’s stock valued at $894,874,000 after buying an additional 691,751 shares in the last quarter. Founders Financial Securities LLC bought a new position in shares of Lockheed Martin in the fourth quarter worth about $995,000. Family Legacy Inc. increased its stake in shares of Lockheed Martin by 3.1% in the fourth quarter. Family Legacy Inc. now owns 4,917 shares of the aerospace company’s stock worth $1,287,000 after purchasing an additional 146 shares during the period. Finally, AT Bancorp increased its stake in shares of Lockheed Martin by 4.6% in the fourth quarter. AT Bancorp now owns 923 shares of the aerospace company’s stock worth $242,000 after purchasing an additional 41 shares during the period. Institutional investors own 78.55% of the company’s stock.

Shares of LMT opened at $373.46 on Friday. Lockheed Martin Co. has a 12-month low of $241.18 and a 12-month high of $381.51. The company has a quick ratio of 0.96, a current ratio of 1.20 and a debt-to-equity ratio of 4.36. The firm has a market capitalization of $106.46 billion, a price-to-earnings ratio of 20.92, a P/E/G ratio of 2.50 and a beta of 0.97. The stock’s 50-day moving average price is $366.59 and its 200 day moving average price is $332.03.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, July 23rd. The aerospace company reported $5.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.74 by $0.26. Lockheed Martin had a return on equity of 297.37% and a net margin of 10.18%. The firm had revenue of $14.42 billion for the quarter, compared to analyst estimates of $14.17 billion. During the same period in the previous year, the company posted $4.31 earnings per share. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. Equities research analysts expect that Lockheed Martin Co. will post 21.22 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Tuesday, September 3rd will be issued a dividend of $2.20 per share. This represents a $8.80 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date of this dividend is Friday, August 30th. Lockheed Martin’s payout ratio is 49.30%.

A number of equities analysts have recently commented on the company. UBS Group lifted their price objective on Lockheed Martin from $385.00 to $420.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Bank of America reiterated a “buy” rating and issued a $400.00 price objective (up from $390.00) on shares of Lockheed Martin in a research note on Wednesday, April 24th. ValuEngine upgraded Lockheed Martin from a “sell” rating to a “hold” rating in a research note on Wednesday, April 24th. Zacks Investment Research upgraded Lockheed Martin from a “hold” rating to a “buy” rating and set a $373.00 price objective on the stock in a research note on Thursday, April 25th. Finally, Barclays lifted their price objective on Lockheed Martin from $340.00 to $370.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 16th. Seven analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Lockheed Martin currently has an average rating of “Buy” and a consensus price target of $367.86.

In other Lockheed Martin news, SVP Maryanne Lavan sold 1,003 shares of Lockheed Martin stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $365.50, for a total transaction of $366,596.50. Following the sale, the senior vice president now directly owns 1,478 shares of the company’s stock, valued at $540,209. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Marillyn A. Hewson sold 19,500 shares of Lockheed Martin stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $369.14, for a total value of $7,198,230.00. Following the sale, the chairman now directly owns 46,534 shares in the company, valued at $17,177,560.76. The disclosure for this sale can be found here. Insiders have sold 22,503 shares of company stock worth $8,292,527 over the last ninety days. Company insiders own 0.35% of the company’s stock.

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. 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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