Lockheed Martin Co. (NYSE:LMT) Shares Purchased by FreeGulliver LLC

FreeGulliver LLC raised its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 7.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 497 shares of the aerospace company’s stock after purchasing an additional 35 shares during the period. FreeGulliver LLC’s holdings in Lockheed Martin were worth $242,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of LMT. New England Asset Management Inc. increased its position in shares of Lockheed Martin by 1.0% in the third quarter. New England Asset Management Inc. now owns 18,060 shares of the aerospace company’s stock worth $10,557,000 after acquiring an additional 175 shares in the last quarter. Aviance Capital Partners LLC increased its position in shares of Lockheed Martin by 0.3% in the third quarter. Aviance Capital Partners LLC now owns 15,718 shares of the aerospace company’s stock worth $9,188,000 after acquiring an additional 53 shares in the last quarter. Lindenwold Advisors INC increased its position in shares of Lockheed Martin by 0.9% in the third quarter. Lindenwold Advisors INC now owns 3,338 shares of the aerospace company’s stock worth $1,951,000 after acquiring an additional 31 shares in the last quarter. Caprock Group LLC increased its position in shares of Lockheed Martin by 6.5% in the third quarter. Caprock Group LLC now owns 7,249 shares of the aerospace company’s stock worth $4,238,000 after acquiring an additional 440 shares in the last quarter. Finally, OneAscent Financial Services LLC acquired a new stake in shares of Lockheed Martin in the third quarter worth $354,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Trading Up 0.4 %

Lockheed Martin stock opened at $469.33 on Wednesday. The firm’s 50-day moving average is $461.50 and its 200-day moving average is $516.79. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13. Lockheed Martin Co. has a 1 year low of $419.70 and a 1 year high of $618.95. The company has a market cap of $110.47 billion, a P/E ratio of 21.08, a PEG 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 earnings per share (EPS) for the quarter, topping 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%. On average, equities analysts expect that Lockheed Martin Co. will post 27.15 earnings per share for the current 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 given a $3.30 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.81%. Lockheed Martin’s payout ratio is currently 59.30%.

Insider Transactions at Lockheed Martin

In related news, VP Harry Edward Paul III sold 707 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $442.61, for a total value of $312,925.27. Following the sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the stock in a transaction dated Wednesday, February 26th. The stock was 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. This trade represents a 61.63 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,133 shares of company stock worth $3,155,916. 0.14% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company reissued an “equal weight” rating on shares of Lockheed Martin in a research report on Monday, March 10th. Citigroup lowered their price target on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a report on Tuesday, January 21st. UBS Group lowered their price target on shares of Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating for the company in a report on Wednesday, January 29th. StockNews.com lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating in a report on Friday, January 31st. Finally, Barclays lowered their price target on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, six have assigned 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, Lockheed Martin has a consensus rating of “Moderate Buy” and a consensus target price of $554.20.

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.