Commerce Bank Has $85.53 Million Holdings in Lockheed Martin Co. (NYSE:LMT)

Commerce Bank lifted its position in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 7.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 176,013 shares of the aerospace company's stock after acquiring an additional 12,483 shares during the quarter. Commerce Bank owned approximately 0.07% of Lockheed Martin worth $85,532,000 at the end of the most recent reporting period.

• Boeing Stock Upgraded After Beating Lockheed for Jet Deal

A number of other hedge funds and other institutional investors have also bought and sold shares of LMT. Millstone Evans Group LLC acquired a new stake in shares of Lockheed Martin during the fourth quarter valued at about $32,000. Mizuho Securities Co. Ltd. acquired a new stake in Lockheed Martin during the 4th quarter worth approximately $34,000. Heck Capital Advisors LLC bought a new stake in Lockheed Martin during the 4th quarter worth approximately $35,000. Redwood Park Advisors LLC bought a new stake in Lockheed Martin during the 4th quarter worth approximately $40,000. Finally, Runnymede Capital Advisors Inc. acquired a new position in Lockheed Martin in the 4th quarter valued at approximately $42,000. Institutional investors own 74.19% of the company's stock.

Lockheed Martin Stock Performance

NYSE LMT opened at $463.80 on Friday. The company has a market cap of $108.79 billion, a P/E ratio of 20.84, a PEG ratio of 2.07 and a beta of 0.39. The company has a fifty day simple moving average of $451.95 and a 200 day simple moving average of $498.23. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10. Lockheed Martin Co. has a 12-month low of $418.88 and a 12-month high of $618.95.

• Palantir Setting Up to Be a Big Winner With New Defense Spending

Lockheed Martin (NYSE:LMT - Get Free Report) last issued 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 net margin of 7.51% and a return on equity of 101.47%. Sell-side analysts predict that Lockheed Martin Co. will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 3rd were issued a $3.30 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.85%. Lockheed Martin's dividend payout ratio is presently 59.30%.

Insider Activity at Lockheed Martin

• 3 Defense Stocks Set to Benefit From Increased Military Spending

In related news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the firm's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $442.42, for a total transaction of $1,421,495.46. Following the transaction, the insider now directly owns 2,000 shares of the company's stock, valued at $884,840. This trade represents a 61.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Harry Edward Paul III sold 707 shares of the company's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $442.61, for a total transaction of $312,925.27. Following the completion of the sale, the vice president now directly owns 2,278 shares of the company's stock, valued at $1,008,265.58. The trade was a 23.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,133 shares of company stock valued at $3,155,916 over the last 90 days. Insiders own 0.14% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Barclays reduced their price objective on shares of Lockheed Martin from $565.00 to $515.00 and set an "equal weight" rating on the stock in a research note on Monday, January 6th. JPMorgan Chase & Co. reduced their price target on Lockheed Martin from $540.00 to $535.00 and set an "overweight" rating on the stock in a research report on Thursday, January 30th. StockNews.com downgraded Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Tuesday, April 1st. Melius Research lowered shares of Lockheed Martin from a "strong-buy" rating to a "hold" rating in a report on Monday, March 24th. Finally, Morgan Stanley raised shares of Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 target price for the company in a research note on Wednesday. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Lockheed Martin presently has an average rating of "Hold" and a consensus target price of $539.93.

Read Our Latest Stock Analysis on Lockheed Martin

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.

Read More

• Five stocks we like better than Lockheed Martin
• Golden Cross Stocks: Pattern, Examples and Charts
• Tariff Exemptions Set the Stage for a Taiwan Semiconductor Rally
• The Most Important Warren Buffett Stock for Investors: His Own
• Mitigating Tariffs: 3 Stocks to Gain From a Weaker U.S. Dollar
• Breakout Stocks: What They Are and How to Identify Them
• Broadcom’s Apple Relationship: AI Opportunity Meets Tariff Risk

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Lockheed Martin Right Now?

Before you consider Lockheed Martin, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lockheed Martin wasn't on the list.

While Lockheed Martin currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here