HighTower Advisors LLC Has $199.82 Million Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

HighTower Advisors LLC grew its holdings in Lockheed Martin Co. (NYSE:LMT) by 11.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 411,206 shares of the aerospace company’s stock after buying an additional 42,130 shares during the quarter. HighTower Advisors LLC’s holdings in Lockheed Martin were worth $199,822,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LMT. Assetmark Inc. increased its stake in shares of Lockheed Martin by 1.3% in the third quarter. Assetmark Inc. now owns 1,470 shares of the aerospace company’s stock valued at $859,000 after buying an additional 19 shares in the last quarter. Baker Avenue Asset Management LP increased its stake in shares of Lockheed Martin by 130.2% in the third quarter. Baker Avenue Asset Management LP now owns 1,411 shares of the aerospace company’s stock valued at $825,000 after buying an additional 798 shares in the last quarter. Crossmark Global Holdings Inc. boosted its holdings in Lockheed Martin by 77.8% in the third quarter. Crossmark Global Holdings Inc. now owns 7,113 shares of the aerospace company’s stock valued at $4,158,000 after acquiring an additional 3,113 shares during the last quarter. Nations Financial Group Inc. IA ADV boosted its holdings in Lockheed Martin by 13.6% in the third quarter. Nations Financial Group Inc. IA ADV now owns 3,432 shares of the aerospace company’s stock valued at $2,007,000 after acquiring an additional 412 shares during the last quarter. Finally, WCM Investment Management LLC boosted its holdings in Lockheed Martin by 317.3% in the third quarter. WCM Investment Management LLC now owns 3,585 shares of the aerospace company’s stock valued at $2,088,000 after acquiring an additional 2,726 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Lockheed Martin news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the company’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $442.42, for a total value of $1,421,495.46. Following the completion of the transaction, the insider now owns 2,000 shares of the company’s stock, valued at $884,840. This represents a 61.63 % decrease in their position. The sale 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 value of $312,925.27. Following the completion of the transaction, the vice president now directly owns 2,278 shares of the company’s stock, valued at approximately $1,008,265.58. The trade was a 23.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,133 shares of company stock valued at $3,155,916 in the last 90 days. Corporate insiders own 0.17% of the company’s stock.

Lockheed Martin Stock Down 2.0 %

NYSE:LMT opened at $469.40 on Wednesday. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10. Lockheed Martin Co. has a twelve month low of $419.70 and a twelve month high of $618.95. The stock’s 50 day moving average price is $462.46 and its two-hundred day moving average price is $520.20. The firm has a market capitalization of $110.49 billion, a price-to-earnings ratio of 21.09, a price-to-earnings-growth ratio of 2.07 and a beta of 0.43.

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

Lockheed Martin Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be issued a dividend of $3.30 per share. The ex-dividend date is Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.81%. Lockheed Martin’s dividend payout ratio (DPR) is currently 59.30%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on LMT shares. Susquehanna decreased their price target on Lockheed Martin from $590.00 to $550.00 and set a “positive” rating on the stock in a report on Wednesday, January 29th. Royal Bank of Canada decreased their price target on Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating on the stock in a report on Wednesday, January 29th. StockNews.com cut Lockheed Martin from a “buy” rating to a “hold” rating in a report on Friday, January 31st. Barclays decreased their price target on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a report on Monday, January 6th. Finally, Deutsche Bank Aktiengesellschaft cut Lockheed Martin from a “buy” rating to a “hold” rating and decreased their price target for the company from $611.00 to $523.00 in a report on Thursday, January 2nd. One analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $554.20.

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.