Probity Advisors Inc. Purchases 61 Shares of Lockheed Martin Co. (NYSE:LMT)

Probity Advisors Inc. increased its position in Lockheed Martin Co. (NYSE:LMTGet Rating) by 2.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,817 shares of the aerospace company’s stock after purchasing an additional 61 shares during the period. Probity Advisors Inc.’s holdings in Lockheed Martin were worth $1,001,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Geode Capital Management LLC lifted its holdings in shares of Lockheed Martin by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 4,499,508 shares of the aerospace company’s stock worth $1,549,296,000 after purchasing an additional 143,670 shares in the last quarter. Morgan Stanley lifted its holdings in shares of Lockheed Martin by 0.7% in the 2nd quarter. Morgan Stanley now owns 4,044,680 shares of the aerospace company’s stock worth $1,530,306,000 after purchasing an additional 26,557 shares in the last quarter. Franklin Resources Inc. raised its position in Lockheed Martin by 18.1% in the 3rd quarter. Franklin Resources Inc. now owns 3,545,253 shares of the aerospace company’s stock valued at $1,223,466,000 after buying an additional 543,607 shares during the last quarter. Capital Research Global Investors raised its position in Lockheed Martin by 12.4% in the 3rd quarter. Capital Research Global Investors now owns 2,831,874 shares of the aerospace company’s stock valued at $977,280,000 after buying an additional 311,657 shares during the last quarter. Finally, Northern Trust Corp raised its position in Lockheed Martin by 0.5% in the 4th quarter. Northern Trust Corp now owns 2,543,681 shares of the aerospace company’s stock valued at $904,049,000 after buying an additional 12,424 shares during the last quarter. Institutional investors own 78.89% of the company’s stock.

In other Lockheed Martin news, COO John Frank A. St sold 8,063 shares of the firm’s stock in a transaction dated Tuesday, March 1st. The stock was sold at an average price of $435.91, for a total value of $3,514,742.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director John Donovan bought 568 shares of the business’s stock in a transaction on Thursday, April 21st. The stock was bought at an average price of $440.55 per share, with a total value of $250,232.40. Following the purchase, the director now owns 568 shares in the company, valued at $250,232.40. The disclosure for this purchase can be found here. In the last three months, insiders sold 17,250 shares of company stock valued at $7,464,599. 0.17% of the stock is currently owned by insiders.

LMT traded up $0.58 during trading hours on Friday, hitting $435.17. The stock had a trading volume of 1,114,755 shares, compared to its average volume of 1,365,356. The company’s fifty day simple moving average is $445.94 and its 200 day simple moving average is $393.07. Lockheed Martin Co. has a 1 year low of $324.23 and a 1 year high of $479.99. The stock has a market cap of $115.80 billion, a PE ratio of 19.22, a price-to-earnings-growth ratio of 2.89 and a beta of 0.76. The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 1.11.

Lockheed Martin (NYSE:LMTGet Rating) last announced its quarterly earnings data on Tuesday, April 19th. The aerospace company reported $6.44 earnings per share for the quarter, topping the consensus estimate of $6.22 by $0.22. Lockheed Martin had a return on equity of 81.35% and a net margin of 9.45%. The company had revenue of $14.96 billion during the quarter, compared to analyst estimates of $15.49 billion. During the same quarter last year, the firm posted $6.56 EPS. The firm’s revenue for the quarter was down 8.0% on a year-over-year basis. As a group, equities analysts expect that Lockheed Martin Co. will post 26.85 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 24th. Investors of record on Wednesday, June 1st will be issued a $2.80 dividend. This represents a $11.20 annualized dividend and a yield of 2.57%. The ex-dividend date of this dividend is Tuesday, May 31st. Lockheed Martin’s dividend payout ratio (DPR) is currently 49.47%.

A number of research firms recently commented on LMT. Seaport Res Ptn reissued a “buy” rating on shares of Lockheed Martin in a research report on Tuesday, April 19th. Argus increased their price target on Lockheed Martin from $415.00 to $500.00 in a research report on Wednesday, April 20th. Morgan Stanley increased their price target on Lockheed Martin from $450.00 to $521.00 and gave the company an “overweight” rating in a research report on Wednesday, March 2nd. Susquehanna Bancshares increased their price target on Lockheed Martin from $515.00 to $539.00 in a research report on Wednesday, April 20th. Finally, Susquehanna raised their target price on Lockheed Martin from $515.00 to $539.00 in a research report on Wednesday, April 20th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $448.86.

About Lockheed Martin (Get Rating)

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. It operates through four segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space.

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Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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