Tyche Wealth Partners LLC bought a new position in Lockheed Martin Co. (NYSE:LMT - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,137 shares of the aerospace company's stock, valued at approximately $1,875,000.
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Other institutional investors and hedge funds have also recently made changes to their positions in the company. Comerica Bank bought a new position in shares of Lockheed Martin in the second quarter worth about $280,000. Bank Julius Baer & Co. Ltd Zurich lifted its holdings in shares of Lockheed Martin by 73.0% in the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 64 shares of the aerospace company's stock worth $26,000 after acquiring an additional 27 shares during the last quarter. Coppell Advisory Solutions Corp. acquired a new position in shares of Lockheed Martin in the fourth quarter valued at approximately $31,000. Activest Wealth Management increased its stake in shares of Lockheed Martin by 1,200.0% in the fourth quarter. Activest Wealth Management now owns 65 shares of the aerospace company's stock valued at $30,000 after buying an additional 60 shares during the period. Finally, KB Financial Partners LLC acquired a new position in shares of Lockheed Martin in the first quarter valued at approximately $35,000. Institutional investors own 74.19% of the company's stock.
Lockheed Martin Trading Up 0.3 %
Shares of LMT stock traded up $1.23 during trading hours on Tuesday, hitting $454.31. 1,450,861 shares of the company were exchanged, compared to its average volume of 1,167,676. The firm has a market cap of $109.26 billion, a P/E ratio of 16.46, a P/E/G ratio of 4.11 and a beta of 0.48. Lockheed Martin Co. has a fifty-two week low of $393.77 and a fifty-two 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 company has a 50 day simple moving average of $437.60 and a two-hundred day simple moving average of $441.70.
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Lockheed Martin (NYSE:LMT - Get Free Report) last issued 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. Lockheed Martin had a return on equity of 79.91% and a net margin of 10.24%. The company had revenue of $18.87 billion for the quarter, compared to analysts' expectations of $17.96 billion. During the same period last year, the business earned $7.79 EPS. Lockheed Martin's quarterly revenue was down .6% compared to the same quarter last year. Equities 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. 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 2.77%. The ex-dividend date of this dividend was Thursday, February 29th. Lockheed Martin's dividend payout ratio (DPR) is presently 45.74%.
Analyst Ratings Changes
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Several research firms have recently issued reports on LMT. Citigroup lowered their price objective 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. JPMorgan Chase & Co. raised Lockheed Martin from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $475.00 to $518.00 in a research note on Monday. Morgan Stanley lowered their price objective 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. Royal Bank of Canada lowered their price objective on Lockheed Martin from $475.00 to $470.00 and set a "sector perform" rating for the company in a research note on Wednesday, January 24th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Lockheed Martin from $438.00 to $472.00 in a research report on Monday, January 22nd. 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 an average price target of $493.36.
Read Our Latest Analysis on LMT
Insider Buying and Selling at Lockheed Martin
In other Lockheed Martin news, COO John Frank A. St sold 6,648 shares of the firm's 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 legal filing with the SEC, which is available through the SEC website. In related news, COO John Frank A. St sold 6,648 shares of Lockheed Martin stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Gregory M. Ulmer sold 6,204 shares of Lockheed Martin stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $431.19, for a total value of $2,675,102.76. Following the completion of the sale, the insider now directly 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. In the last three months, insiders have sold 16,874 shares of company stock worth $7,249,946. Corporate insiders own 0.14% of the company's stock.
Lockheed Martin Company Profile
(Free Report)
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.
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