Isthmus Partners LLC Purchases 327 Shares of Lockheed Martin Co. (NYSE:LMT)

Isthmus Partners LLC grew its position in Lockheed Martin Co. (NYSE:LMT) by 1.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,978 shares of the aerospace company’s stock after acquiring an additional 327 shares during the quarter. Isthmus Partners LLC’s holdings in Lockheed Martin were worth $11,652,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Itau Unibanco Holding S.A. purchased a new position in Lockheed Martin in the 3rd quarter worth about $26,000. Heck Capital Advisors LLC bought a new position in Lockheed Martin in the 4th quarter worth about $35,000. Capital Performance Advisors LLP purchased a new position in shares of Lockheed Martin during the third quarter worth approximately $40,000. Legacy Investment Solutions LLC bought a new stake in shares of Lockheed Martin during the third quarter valued at approximately $42,000. Finally, Sugar Maple Asset Management LLC purchased a new stake in shares of Lockheed Martin in the fourth quarter valued at approximately $47,000. Institutional investors own 74.19% of the company’s stock.

Analysts Set New Price Targets

LMT has been the topic of several research reports. StockNews.com downgraded Lockheed Martin from a “buy” rating to a “hold” rating in a report on Friday, January 31st. Citigroup cut their price target on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a research note on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $611.00 to $523.00 in a research note on Thursday, January 2nd. Royal Bank of Canada cut their target price on shares of Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 29th. Finally, Susquehanna lowered their price target on shares of Lockheed Martin from $590.00 to $550.00 and set a “positive” rating for the company in a research report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Lockheed Martin has an average rating of “Moderate Buy” and an average price target of $554.20.

Lockheed Martin Stock Up 2.8 %

Lockheed Martin stock opened at $474.31 on Monday. Lockheed Martin Co. has a 1-year low of $419.70 and a 1-year high of $618.95. The business has a fifty day moving average price of $462.89 and a 200-day moving average price of $521.36. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95. The stock has a market capitalization of $111.65 billion, a price-to-earnings ratio of 21.31, a PEG ratio of 2.07 and a beta of 0.43.

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

Lockheed Martin Dividend Announcement

The company 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 $3.30 dividend. This represents a $13.20 annualized dividend and a dividend yield of 2.78%. The ex-dividend date is Monday, March 3rd. Lockheed Martin’s payout ratio is 59.30%.

Insider Buying and Selling

In related news, VP Harry Edward Paul III sold 707 shares of the firm’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $442.61, for a total transaction of $312,925.27. Following the completion of the transaction, the vice president now owns 2,278 shares of the company’s stock, valued at $1,008,265.58. This trade represents a 23.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the company’s stock in a transaction on 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 completion of the sale, the insider now directly owns 2,000 shares in the company, valued at approximately $884,840. The trade was a 61.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,133 shares of company stock worth $3,155,916 in the last 90 days. Insiders own 0.17% of the company’s stock.

Lockheed Martin Company 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.