Lockheed Martin Co. (NYSE:LMT) Holdings Lifted by Everett Harris & Co. CA

Everett Harris & Co. CA increased its holdings in Lockheed Martin Co. (NYSE:LMT) by 1.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,123 shares of the aerospace company’s stock after buying an additional 779 shares during the quarter. Everett Harris & Co. CA’s holdings in Lockheed Martin were worth $27,250,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in LMT. Herold Advisors Inc. lifted its holdings in Lockheed Martin by 8.6% in the third quarter. Herold Advisors Inc. now owns 3,448 shares of the aerospace company’s stock worth $1,410,000 after purchasing an additional 274 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Lockheed Martin by 3.8% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,088 shares of the aerospace company’s stock worth $8,624,000 after acquiring an additional 770 shares during the period. Alethea Capital Management LLC bought a new position in shares of Lockheed Martin in the third quarter valued at approximately $415,000. Meridian Wealth Management LLC increased its stake in shares of Lockheed Martin by 149.0% during the third quarter. Meridian Wealth Management LLC now owns 11,960 shares of the aerospace company’s stock valued at $4,892,000 after acquiring an additional 7,156 shares during the period. Finally, Central Bank & Trust Co. raised its holdings in Lockheed Martin by 1.6% during the third quarter. Central Bank & Trust Co. now owns 3,305 shares of the aerospace company’s stock worth $1,352,000 after purchasing an additional 51 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on LMT. Susquehanna lowered their price target on Lockheed Martin from $550.00 to $540.00 and set a “positive” rating on the stock in a research report on Wednesday, January 24th. Royal Bank of Canada dropped their price target on shares of Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 24th. Morgan Stanley reduced their price objective on shares of Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 24th. Citigroup dropped their target price on shares of Lockheed Martin from $540.00 to $508.00 and set a “buy” rating on the stock in a report on Wednesday, January 24th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Lockheed Martin from $438.00 to $472.00 in a report on Monday, January 22nd. Nine investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $491.92.

Insider Buying and Selling

In other Lockheed Martin news, SVP Maryanne Lavan sold 4,022 shares of the 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, COO John Frank A. St sold 6,648 shares of the stock in a transaction that occurred 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Maryanne Lavan sold 4,022 shares of Lockheed Martin stock in a transaction that occurred on Tuesday, March 5th. The stock was 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. In the last ninety days, insiders sold 16,874 shares of company stock worth $7,249,946. 0.17% of the stock is currently owned by insiders.

Lockheed Martin Stock Up 2.5 %

NYSE:LMT traded up $10.94 on Wednesday, hitting $456.93. 1,277,347 shares of the company’s stock traded hands, compared to its average volume of 1,176,464. The company has a market cap 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. Lockheed Martin Co. has a 1 year low of $393.77 and a 1 year high of $508.10. The company has a current ratio of 1.21, a quick ratio of 1.03 and a debt-to-equity ratio of 2.53. The firm has a 50-day moving average price of $433.46 and a 200-day moving average price of $438.35.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, January 23rd. The aerospace company reported $7.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.26 by $0.64. The business had revenue of $18.87 billion during 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 quarterly revenue was down .6% compared to the same quarter last year. During the same period last year, the company earned $7.79 earnings per share. Equities analysts anticipate that Lockheed Martin Co. will post 26.13 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

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

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.