IFG Advisory LLC Acquires 476 Shares of Lockheed Martin Co. (NYSE:LMT)

IFG Advisory LLC boosted its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 31.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,969 shares of the aerospace company’s stock after purchasing an additional 476 shares during the quarter. IFG Advisory LLC’s holdings in Lockheed Martin were worth $893,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LMT. Bank Julius Baer & Co. Ltd Zurich lifted its holdings in shares of Lockheed Martin by 73.0% during the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 64 shares of the aerospace company’s stock worth $26,000 after buying an additional 27 shares in the last quarter. CGC Financial Services LLC acquired a new position in Lockheed Martin in the second quarter valued at about $31,000. Coppell Advisory Solutions Corp. acquired a new position in Lockheed Martin in the fourth quarter valued at about $31,000. Milestone Investment Advisors LLC acquired a new position in Lockheed Martin in the third quarter valued at about $33,000. Finally, Providence Capital Advisors LLC acquired a new position in Lockheed Martin in the third quarter valued at about $35,000. 74.19% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Morgan Stanley lowered their target price on Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 24th. Susquehanna lowered their target price on Lockheed Martin from $550.00 to $540.00 and set a “positive” rating for the company in a research note on Wednesday, January 24th. Citigroup lowered their target price on Lockheed Martin from $540.00 to $508.00 and set a “buy” rating for the company in a research note on Wednesday, January 24th. Royal Bank of Canada reduced their price target on Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 24th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Lockheed Martin from $438.00 to $472.00 in a report on Monday, January 22nd. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $491.92.

Lockheed Martin Price Performance

Shares of LMT opened at $456.93 on Thursday. Lockheed Martin Co. has a 52-week low of $393.77 and a 52-week high of $508.10. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.03 and a current ratio of 1.21. The business’s 50 day moving average price is $433.46 and its two-hundred day moving average price is $438.35. The firm has a market cap of $109.89 billion, a PE ratio of 16.59, a price-to-earnings-growth ratio of 4.08 and a beta of 0.48.

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

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 1st will be given a dividend of $3.15 per share. This represents a $12.60 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date of this dividend is Thursday, February 29th. Lockheed Martin’s payout ratio is 45.74%.

Insider Transactions at Lockheed Martin

In related news, COO John Frank A. St sold 6,648 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $425.35, for a total value of $2,827,726.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Lockheed Martin news, COO John Frank A. St sold 6,648 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $425.35, for a total value of $2,827,726.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Gregory M. Ulmer sold 6,204 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $431.19, for a total value of $2,675,102.76. Following the completion of the transaction, the insider now owns 12,604 shares of the company’s stock, valued at approximately $5,434,718.76. The disclosure for this sale can be found here. Insiders have sold 16,874 shares of company stock valued at $7,249,946 over the last ninety days. 0.17% of the stock is owned by company insiders.

About Lockheed Martin

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.