Delta Financial Advisors LLC Acquires 310 Shares of Lockheed Martin Co. (NYSE:LMT)

Delta Financial Advisors LLC lifted its holdings in Lockheed Martin Co. (NYSE:LMT) by 32.3% in the fourth quarter, Holdings Channel reports. The fund owned 1,270 shares of the aerospace company’s stock after purchasing an additional 310 shares during the quarter. Delta Financial Advisors LLC’s holdings in Lockheed Martin were worth $576,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Lee Financial Co lifted its stake in Lockheed Martin by 367.6% in the first quarter. Lee Financial Co now owns 477 shares of the aerospace company’s stock worth $210,000 after purchasing an additional 375 shares during the last quarter. Vontobel Holding Ltd. lifted its stake in Lockheed Martin by 240.0% in the first quarter. Vontobel Holding Ltd. now owns 4,124 shares of the aerospace company’s stock worth $1,821,000 after purchasing an additional 2,911 shares during the last quarter. Sei Investments Co. lifted its stake in Lockheed Martin by 56.8% in the first quarter. Sei Investments Co. now owns 23,153 shares of the aerospace company’s stock worth $9,995,000 after purchasing an additional 8,389 shares during the last quarter. NewEdge Advisors LLC lifted its stake in Lockheed Martin by 18.4% in the first quarter. NewEdge Advisors LLC now owns 28,807 shares of the aerospace company’s stock worth $12,716,000 after purchasing an additional 4,472 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its stake in Lockheed Martin by 20.4% in the first quarter. Mackenzie Financial Corp now owns 107,366 shares of the aerospace company’s stock worth $47,391,000 after purchasing an additional 18,201 shares during the last quarter. Institutional investors own 74.19% of the company’s stock.

Insider Transactions at Lockheed Martin

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

Lockheed Martin Stock Up 0.1 %

LMT stock traded up $0.34 during trading on Thursday, hitting $456.39. 229,979 shares of the company’s stock traded hands, compared to its average volume of 1,150,725. The firm has a market capitalization of $109.76 billion, a P/E ratio of 16.55, a PEG ratio of 4.14 and a beta of 0.48. The business has a fifty day simple moving average of $438.66 and a two-hundred day simple moving average of $442.12. 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 1 year low of $393.77 and a 1 year high of $503.33.

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

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 1st were paid a dividend of $3.15 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $12.60 annualized dividend and a dividend yield of 2.76%. Lockheed Martin’s payout ratio is currently 45.74%.

Wall Street Analyst Weigh In

LMT has been the topic of a number of research reports. Morgan Stanley reduced their target price on shares of Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 24th. JPMorgan Chase & Co. raised shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $475.00 to $518.00 in a research report on Monday. Deutsche Bank Aktiengesellschaft raised their target price on shares of Lockheed Martin from $438.00 to $472.00 in a research report on Monday, January 22nd. Susquehanna reduced their target price on shares of Lockheed Martin from $550.00 to $540.00 and set a “positive” rating on the stock in a research report on Wednesday, January 24th. Finally, UBS Group reduced their target price on shares of Lockheed Martin from $488.00 to $475.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 24th. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Lockheed Martin has an average rating of “Hold” and a consensus target price of $493.36.

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.