Lockheed Martin Co. (NYSE:LMT) Shares Purchased by MCIA Inc

MCIA Inc lifted its position in Lockheed Martin Co. (NYSE:LMT – Get Rating) by 9.2% in the fourth quarter, Holdings Channel reports. The firm owned 4,173 shares of the aerospace company’s stock after acquiring an additional 352 shares during the period. MCIA Inc’s holdings in Lockheed Martin were worth $1,929,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in LMT. Lee Financial Co raised its stake in Lockheed Martin by 367.6% during the 1st quarter. Lee Financial Co now owns 477 shares of the aerospace company’s stock valued at $210,000 after acquiring an additional 375 shares during the last quarter. Vontobel Holding Ltd. raised its stake in Lockheed Martin by 240.0% during the 1st quarter. Vontobel Holding Ltd. now owns 4,124 shares of the aerospace company’s stock valued at $1,821,000 after acquiring an additional 2,911 shares during the last quarter. Sei Investments Co. raised its stake in Lockheed Martin by 56.8% during the 1st quarter. Sei Investments Co. now owns 23,153 shares of the aerospace company’s stock valued at $9,995,000 after acquiring an additional 8,389 shares during the last quarter. NewEdge Advisors LLC raised its stake in Lockheed Martin by 18.4% during the 1st quarter. NewEdge Advisors LLC now owns 28,807 shares of the aerospace company’s stock valued at $12,716,000 after acquiring an additional 4,472 shares during the last quarter. Finally, Mackenzie Financial Corp raised its stake in Lockheed Martin by 20.4% during the 1st quarter. Mackenzie Financial Corp now owns 107,366 shares of the aerospace company’s stock valued at $47,391,000 after acquiring an additional 18,201 shares during the last quarter. 75.18% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Lockheed Martin

In related news, Director John Donovan bought 556 shares of the stock in a transaction on Wednesday, January 25th. The shares were purchased at an average price of $451.20 per share, for a total transaction of $250,867.20. Following the acquisition, the director now owns 2,324 shares in the company, valued at $1,048,588.80. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Timothy S. Cahill sold 2,534 shares of the firm’s stock in a transaction on Monday, March 6th. The stock was sold at an average price of $479.44, for a total transaction of $1,214,900.96. Following the sale, the executive vice president now owns 10,460 shares in the company, valued at $5,014,942.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Donovan acquired 556 shares of the firm’s stock in a transaction dated Wednesday, January 25th. The shares were acquired at an average price of $451.20 per share, for a total transaction of $250,867.20. Following the acquisition, the director now directly owns 2,324 shares of the company’s stock, valued at $1,048,588.80. The disclosure for this purchase can be found here. 0.17% of the stock is owned by insiders.

Lockheed Martin Price Performance

NYSE:LMT traded down $7.37 during trading hours on Friday, reaching $465.87. 6,525,176 shares of the company traded hands, compared to its average volume of 1,539,201. The firm’s 50-day moving average is $467.37 and its 200-day moving average is $457.85. The stock has a market cap of $118.94 billion, a P/E ratio of 21.46, a P/E/G ratio of 2.60 and a beta of 0.68. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.32 and a quick ratio of 1.13. Lockheed Martin Co. has a 1-year low of $373.67 and a 1-year high of $498.95.

Lockheed Martin (NYSE:LMT – Get Rating) last announced its earnings results on Tuesday, January 24th. The aerospace company reported $7.79 EPS for the quarter, beating analysts’ consensus estimates of $7.41 by $0.38. The firm had revenue of $18.99 billion for the quarter, compared to analysts’ expectations of $18.25 billion. Lockheed Martin had a return on equity of 68.01% and a net margin of 8.69%. Lockheed Martin’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $7.47 EPS. Equities research analysts expect that Lockheed Martin Co. will post 26.86 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 24th. Shareholders of record on Wednesday, March 1st will be issued a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date is Tuesday, February 28th. Lockheed Martin’s dividend payout ratio (DPR) is presently 55.27%.

Wall Street Analysts Forecast Growth

Several research firms have commented on LMT. Jefferies Financial Group upped their price objective on Lockheed Martin from $500.00 to $525.00 in a research note on Monday, December 5th. The Goldman Sachs Group downgraded Lockheed Martin from a “neutral” rating to a “sell” rating and cut their target price for the stock from $388.00 to $332.00 in a research note on Friday, January 13th. DZ Bank raised Lockheed Martin from a “hold” rating to a “buy” rating and set a $523.00 target price for the company in a research note on Monday, January 30th. Morgan Stanley cut their target price on Lockheed Martin from $542.00 to $532.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 25th. Finally, JPMorgan Chase & Co. increased their target price on Lockheed Martin from $450.00 to $505.00 and gave the stock a “neutral” rating in a research note on Monday, December 12th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $490.43.

About Lockheed Martin

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Lockheed Martin Corp. is a global security and aerospace company, which engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services. It operates through the following business segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.