Lockheed Martin Co. (NYSE:LMT) Shares Purchased by MCIA Inc

MCIA Inc lifted its position in Lockheed Martin Co. (NYSE:LMT – Get Rating) by 9.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,173 shares of the aerospace company’s stock after acquiring an additional 352 shares during the period. MCIA Inc’s holdings in Lockheed Martin were worth $1,929,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. B. Riley Wealth Management Inc. boosted its stake in Lockheed Martin by 19.8% during the second quarter. B. Riley Wealth Management Inc. now owns 10,268 shares of the aerospace company’s stock worth $4,415,000 after buying an additional 1,694 shares during the last quarter. Regal Investment Advisors LLC boosted its stake in Lockheed Martin by 7.7% during the third quarter. Regal Investment Advisors LLC now owns 626 shares of the aerospace company’s stock worth $242,000 after buying an additional 45 shares during the last quarter. Patron Partners LLC boosted its stake in Lockheed Martin by 4.1% during the third quarter. Patron Partners LLC now owns 1,666 shares of the aerospace company’s stock worth $644,000 after buying an additional 66 shares during the last quarter. TD Asset Management Inc. boosted its stake in Lockheed Martin by 11.2% during the third quarter. TD Asset Management Inc. now owns 111,720 shares of the aerospace company’s stock worth $43,547,000 after buying an additional 11,212 shares during the last quarter. Finally, Colony Group LLC boosted its stake in Lockheed Martin by 14.2% during the second quarter. Colony Group LLC now owns 5,559 shares of the aerospace company’s stock worth $2,390,000 after buying an additional 693 shares during the last quarter. 75.18% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

LMT has been the topic of a number of recent research reports. Susquehanna boosted their price objective on Lockheed Martin from $510.00 to $512.00 and gave the stock a “positive” rating in a research note on Wednesday, January 25th. Jefferies Financial Group boosted their price objective on Lockheed Martin from $500.00 to $525.00 in a research note on Monday, December 5th. Morgan Stanley reduced their target price on Lockheed Martin from $542.00 to $532.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 25th. DZ Bank upgraded Lockheed Martin from a “hold” rating to a “buy” rating and set a $523.00 target price on the stock in a research report on Monday, January 30th. Finally, The Goldman Sachs Group downgraded Lockheed Martin from a “neutral” rating to a “sell” rating and reduced their target price for the company from $388.00 to $332.00 in a research report on Friday, January 13th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $490.43.

Insiders Place Their Bets

In related news, Director John Donovan purchased 556 shares of the business’s stock in a transaction on Wednesday, January 25th. The shares were bought at an average price of $451.20 per share, for a total transaction of $250,867.20. Following the acquisition, the director now directly owns 2,324 shares in the company, valued at $1,048,588.80. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Lockheed Martin news, Director John Donovan acquired 556 shares of the stock in a transaction dated Wednesday, January 25th. The stock was acquired at an average cost of $451.20 per share, with a total value of $250,867.20. Following the transaction, the director now owns 2,324 shares in the company, valued at approximately $1,048,588.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Timothy S. Cahill sold 2,534 shares of the company’s stock in a transaction dated Monday, March 6th. The stock was sold at an average price of $479.44, for a total value of $1,214,900.96. Following the transaction, the executive vice president now directly owns 10,460 shares of the company’s stock, valued at $5,014,942.40. The disclosure for this sale can be found here. 0.17% of the stock is owned by company insiders.

Lockheed Martin Trading Down 1.6 %

Shares of LMT stock traded down $7.37 on Friday, hitting $465.87. The stock had a trading volume of 6,525,176 shares, compared to its average volume of 1,539,201. The company’s 50 day moving average price is $467.37 and its 200-day moving average price is $457.85. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.32 and a quick ratio of 1.13. Lockheed Martin Co. has a 1 year low of $373.67 and a 1 year high of $498.95. The firm has a market capitalization of $118.94 billion, a P/E ratio of 21.46, a P/E/G ratio of 2.60 and a beta of 0.68.

Lockheed Martin (NYSE:LMT – Get Rating) last issued its quarterly earnings results on Tuesday, January 24th. The aerospace company reported $7.79 earnings per share for the quarter, topping the consensus estimate of $7.41 by $0.38. Lockheed Martin had a return on equity of 68.01% and a net margin of 8.69%. The company had revenue of $18.99 billion for the quarter, compared to the consensus estimate of $18.25 billion. During the same quarter in the prior year, the business earned $7.47 EPS. Lockheed Martin’s revenue was up 7.1% on a year-over-year basis. Analysts anticipate that Lockheed Martin Co. will post 26.86 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 24th. Shareholders of record on Wednesday, March 1st will be issued a dividend of $3.00 per share. The ex-dividend date is Tuesday, February 28th. This represents a $12.00 annualized dividend and a yield of 2.58%. Lockheed Martin’s dividend payout ratio (DPR) is 55.27%.

Lockheed Martin Profile

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Lockheed Martin Corp. is a global security and aerospace company, which engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services. It operates through the following business segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.