Criterion Capital Advisors LLC Takes $41,000 Position in Lockheed Martin Co. (NYSE:LMT)

Criterion Capital Advisors LLC purchased a new position in shares of Lockheed Martin Co. (NYSE:LMT) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 91 shares of the aerospace company’s stock, valued at approximately $41,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Comerica Bank bought a new stake in shares of Lockheed Martin during the 2nd quarter worth approximately $280,000. Bank Julius Baer & Co. Ltd Zurich lifted its stake in shares of Lockheed Martin by 73.0% during the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 64 shares of the aerospace company’s stock worth $26,000 after acquiring an additional 27 shares during the last quarter. Coppell Advisory Solutions Corp. bought a new stake in shares of Lockheed Martin during the 4th quarter worth approximately $31,000. Activest Wealth Management lifted its stake in shares of Lockheed Martin by 1,200.0% during the 4th quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock worth $30,000 after acquiring an additional 60 shares during the last quarter. Finally, KB Financial Partners LLC bought a new stake in shares of Lockheed Martin during the 1st quarter worth approximately $35,000. 74.19% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, COO John Frank A. St sold 6,648 shares of the business’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $425.35, for a total transaction of $2,827,726.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Lockheed Martin news, insider Gregory M. Ulmer sold 6,204 shares of Lockheed Martin stock in a transaction dated 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 completion of the sale, the insider now owns 12,604 shares of the company’s stock, valued at approximately $5,434,718.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO John Frank A. St sold 6,648 shares of Lockheed Martin stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $425.35, for a total value of $2,827,726.80. The disclosure for this sale can be found here. Insiders have sold a total of 16,874 shares of company stock worth $7,249,946 in the last ninety days. 0.17% of the stock is owned by insiders.

Lockheed Martin Stock Up 1.7 %

Shares of NYSE:LMT traded up $7.78 on Friday, reaching $463.87. The company had a trading volume of 1,388,020 shares, compared to its average volume of 1,002,270. Lockheed Martin Co. has a 52-week low of $393.77 and a 52-week high of $495.83. The firm’s 50 day simple moving average is $440.00 and its 200-day simple moving average is $442.88. The firm has a market capitalization of $111.56 billion, a PE ratio of 16.84, a PEG ratio of 4.23 and a beta of 0.48. The company has a current ratio of 1.21, a quick ratio of 1.03 and a debt-to-equity ratio of 2.53.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, January 23rd. The aerospace company reported $7.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.26 by $0.64. Lockheed Martin had a return on equity of 79.91% and a net margin of 10.24%. The business had revenue of $18.87 billion for the quarter, compared to the consensus estimate of $17.96 billion. During the same period last year, the business posted $7.79 EPS. The business’s revenue was down .6% compared to the same quarter last year. As a group, analysts expect that Lockheed Martin Co. will post 26.13 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 1st were paid a dividend of $3.15 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $12.60 annualized dividend and a yield of 2.72%. Lockheed Martin’s dividend payout ratio (DPR) is 45.74%.

Analyst Ratings Changes

LMT has been the topic of several research reports. UBS Group reduced their price objective on Lockheed Martin from $488.00 to $475.00 and set a “neutral” rating on the stock in a report on Wednesday, January 24th. Citigroup reduced their price objective on Lockheed Martin from $540.00 to $508.00 and set a “buy” rating on the stock in a report on Wednesday, January 24th. Morgan Stanley reduced their price objective on Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft raised their price objective on Lockheed Martin from $438.00 to $472.00 in a report on Monday, January 22nd. Finally, Susquehanna reduced their price objective on Lockheed Martin from $550.00 to $540.00 and set a “positive” rating on the stock in a report on Wednesday, January 24th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $486.78.

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.