Trifecta Capital Advisors LLC Increases Stake in Lockheed Martin Co. (NYSE:LMT)

Trifecta Capital Advisors LLC boosted its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 6.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,759 shares of the aerospace company’s stock after acquiring an additional 438 shares during the quarter. Trifecta Capital Advisors LLC’s holdings in Lockheed Martin were worth $3,517,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. State Street Corp increased its holdings in Lockheed Martin by 0.5% during the 1st quarter. State Street Corp now owns 37,972,543 shares of the aerospace company’s stock worth $17,950,761,000 after purchasing an additional 176,739 shares during the period. Vanguard Group Inc. lifted its position in Lockheed Martin by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 22,302,719 shares of the aerospace company’s stock worth $9,120,920,000 after acquiring an additional 279,162 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Lockheed Martin by 1.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,686,937 shares of the aerospace company’s stock worth $2,302,388,000 after acquiring an additional 97,916 shares during the period. Wellington Management Group LLP raised its stake in shares of Lockheed Martin by 4.0% during the 3rd quarter. Wellington Management Group LLP now owns 3,158,783 shares of the aerospace company’s stock worth $1,291,816,000 after buying an additional 121,358 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of Lockheed Martin by 4.0% during the 3rd quarter. Northern Trust Corp now owns 2,388,377 shares of the aerospace company’s stock worth $976,751,000 after buying an additional 91,109 shares in the last quarter. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. UBS Group dropped their price objective on Lockheed Martin from $488.00 to $475.00 and set a “neutral” rating for the company in a research note on Wednesday, January 24th. Royal Bank of Canada decreased their price objective 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. Susquehanna decreased their price objective on Lockheed Martin from $550.00 to $540.00 and set a “positive” rating on the stock in a report on Wednesday, January 24th. Morgan Stanley decreased their price objective on Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 24th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Lockheed Martin from $438.00 to $472.00 in a report on Monday, January 22nd. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $491.92.

Insider Buying and Selling at Lockheed Martin

In other news, SVP Maryanne Lavan sold 4,022 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total transaction of $1,747,116.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Lockheed Martin 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 transaction of $2,827,726.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Maryanne Lavan sold 4,022 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $434.39, for a total value of $1,747,116.58. The disclosure for this sale can be found here. Insiders have sold 16,874 shares of company stock worth $7,249,946 over the last quarter. 0.14% of the stock is owned by corporate insiders.

Lockheed Martin Stock Down 0.7 %

Shares of NYSE LMT traded down $3.00 on Monday, hitting $452.38. The company had a trading volume of 750,999 shares, compared to its average volume of 1,150,193. Lockheed Martin Co. has a 12-month low of $393.77 and a 12-month high of $508.10. The business has a 50 day moving average of $434.76 and a two-hundred day moving average of $440.04. The company has a quick ratio of 1.03, a current ratio of 1.21 and a debt-to-equity ratio of 2.53. The firm has a market capitalization of $108.79 billion, a P/E ratio of 16.53, a PEG ratio of 4.15 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, January 23rd. The aerospace company reported $7.90 EPS for the quarter, topping 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 business had revenue of $18.87 billion for the quarter, compared to analysts’ expectations of $17.96 billion. During the same quarter in the previous year, the firm posted $7.79 earnings per share. The company’s revenue was down .6% compared to the same quarter last year. As a group, equities research analysts forecast that Lockheed Martin Co. will post 26.13 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 1st were paid a dividend of $3.15 per share. This represents a $12.60 annualized dividend and a yield of 2.79%. The ex-dividend date was Thursday, February 29th. Lockheed Martin’s payout ratio is currently 45.74%.

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.