Lockheed Martin Co. (NYSE:LMT) Shares Acquired by Courier Capital LLC

Courier Capital LLC boosted its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 12.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,620 shares of the aerospace company’s stock after purchasing an additional 1,510 shares during the quarter. Courier Capital LLC’s holdings in Lockheed Martin were worth $6,173,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the business. IFG Advisory LLC boosted its position in Lockheed Martin by 31.9% during the 4th quarter. IFG Advisory LLC now owns 1,969 shares of the aerospace company’s stock worth $893,000 after acquiring an additional 476 shares during the period. High Note Wealth LLC boosted its position in Lockheed Martin by 8.3% during the 4th quarter. High Note Wealth LLC now owns 3,337 shares of the aerospace company’s stock worth $1,513,000 after acquiring an additional 256 shares during the period. OmniStar Financial Group Inc. boosted its position in Lockheed Martin by 2.1% during the 4th quarter. OmniStar Financial Group Inc. now owns 1,695 shares of the aerospace company’s stock worth $769,000 after acquiring an additional 35 shares during the period. Family Legacy Inc. boosted its position in Lockheed Martin by 1.2% during the 4th quarter. Family Legacy Inc. now owns 8,181 shares of the aerospace company’s stock worth $3,708,000 after acquiring an additional 99 shares during the period. Finally, Gemmer Asset Management LLC acquired a new position in Lockheed Martin during the 4th quarter worth $230,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Stock Up 2.5 %

Shares of Lockheed Martin stock opened at $456.93 on Thursday. The stock’s fifty day moving average is $433.46 and its 200-day moving average is $438.35. The firm has a market capitalization 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. The company has a quick ratio of 1.03, a current ratio of 1.21 and a debt-to-equity ratio of 2.53. Lockheed Martin Co. has a 12-month low of $393.77 and a 12-month high of $508.10.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, January 23rd. The aerospace company reported $7.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.26 by $0.64. The company had revenue of $18.87 billion for the quarter, compared to analyst estimates of $17.96 billion. Lockheed Martin had a return on equity of 79.91% and a net margin of 10.24%. Lockheed Martin’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the previous year, the firm earned $7.79 earnings per share. Equities analysts anticipate that Lockheed Martin Co. will post 26.13 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 29th. Investors of record on Friday, March 1st will be given a dividend of $3.15 per share. This represents a $12.60 annualized dividend and a yield of 2.76%. The ex-dividend date of this dividend is Thursday, February 29th. Lockheed Martin’s payout ratio is 45.74%.

Insider Activity at Lockheed Martin

In related news, insider Gregory M. Ulmer sold 6,204 shares of the company’s stock in a transaction on 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 transaction, the insider now directly owns 12,604 shares of the company’s stock, valued at $5,434,718.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Gregory M. Ulmer sold 6,204 shares of the company’s stock in a transaction on 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 transaction, the insider now directly owns 12,604 shares of the company’s stock, valued at $5,434,718.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO John Frank A. St sold 6,648 shares of the company’s stock in a transaction on Friday, March 1st. The shares were 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. Over the last ninety days, insiders have sold 16,874 shares of company stock valued at $7,249,946. Company insiders own 0.17% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on LMT shares. Royal Bank of Canada cut their price objective on Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating for the company in a report on Wednesday, January 24th. Citigroup cut their price objective on Lockheed Martin from $540.00 to $508.00 and set a “buy” rating for the company in a report on Wednesday, January 24th. Morgan Stanley cut their price objective on Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating for the company in a report on Wednesday, January 24th. Susquehanna cut their price objective on Lockheed Martin from $550.00 to $540.00 and set a “positive” rating for the company in a report on Wednesday, January 24th. Finally, UBS Group cut their price objective on Lockheed Martin from $488.00 to $475.00 and set a “neutral” rating for the company in a report on Wednesday, January 24th. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Lockheed Martin presently has a consensus rating of “Hold” and an average price target of $491.92.

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.