Legacy Bridge LLC Increases Stock Position in Lockheed Martin Co. (NYSE:LMT)

Legacy Bridge LLC raised its holdings in Lockheed Martin Co. (NYSE:LMT – Get Rating) by 2.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,110 shares of the aerospace company’s stock after purchasing an additional 24 shares during the quarter. Legacy Bridge LLC’s holdings in Lockheed Martin were worth $540,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of LMT. IMA Wealth Inc. boosted its holdings in shares of Lockheed Martin by 41.8% in the 2nd quarter. IMA Wealth Inc. now owns 78 shares of the aerospace company’s stock valued at $34,000 after purchasing an additional 23 shares during the last quarter. Tilia Fiduciary Partners Inc. raised its position in shares of Lockheed Martin by 3.2% in the 3rd quarter. Tilia Fiduciary Partners Inc. now owns 751 shares of the aerospace company’s stock worth $309,000 after buying an additional 23 shares during the period. PrairieView Partners LLC raised its position in shares of Lockheed Martin by 22.3% in the 3rd quarter. PrairieView Partners LLC now owns 126 shares of the aerospace company’s stock worth $49,000 after buying an additional 23 shares during the period. Fairhaven Wealth Management LLC raised its position in shares of Lockheed Martin by 3.6% in the 3rd quarter. Fairhaven Wealth Management LLC now owns 660 shares of the aerospace company’s stock worth $255,000 after buying an additional 23 shares during the period. Finally, MADDEN SECURITIES Corp raised its position in shares of Lockheed Martin by 3.2% in the 3rd quarter. MADDEN SECURITIES Corp now owns 814 shares of the aerospace company’s stock worth $314,000 after buying an additional 25 shares during the period. 75.18% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Stock Down 1.6 %

Shares of Lockheed Martin stock opened at $465.87 on Friday. The business has a 50-day moving average of $467.37 and a 200-day moving average of $458.08. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.32 and a quick ratio of 1.13. The company has a market capitalization of $118.57 billion, a PE ratio of 21.46, a P/E/G ratio of 2.57 and a beta of 0.68. Lockheed Martin Co. has a 1-year low of $373.67 and a 1-year high of $498.95.

Lockheed Martin (NYSE:LMT – Get Rating) last announced its earnings results on Tuesday, January 24th. The aerospace company reported $7.79 earnings per share for the quarter, beating the consensus estimate of $7.41 by $0.38. The company had revenue of $18.99 billion during the quarter, compared to the consensus estimate of $18.25 billion. Lockheed Martin had a return on equity of 68.01% and a net margin of 8.69%. The company’s revenue was up 7.1% on a year-over-year basis. During the same period last year, the firm earned $7.47 earnings per share. As a group, equities analysts forecast that Lockheed Martin Co. will post 26.86 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

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

Insider Buying and Selling

In related news, EVP Timothy S. Cahill sold 2,534 shares of Lockheed Martin 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 completion of the transaction, the executive vice president now directly owns 10,460 shares in the company, valued at $5,014,942.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Timothy S. Cahill sold 2,534 shares of Lockheed Martin 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 completion of the transaction, the executive vice president now directly owns 10,460 shares in the company, valued at $5,014,942.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Donovan purchased 556 shares of the firm’s stock in a transaction that occurred on Wednesday, January 25th. The stock was purchased at an average price of $451.20 per share, with a total value of $250,867.20. Following the completion of the purchase, the director now directly owns 2,324 shares of the company’s stock, valued at approximately $1,048,588.80. The disclosure for this purchase can be found here. Insiders own 0.17% of the company’s stock.

Analyst Upgrades and Downgrades

LMT has been the topic of several research reports. The Goldman Sachs Group lowered Lockheed Martin from a “neutral” rating to a “sell” rating and cut their target price for the stock from $388.00 to $332.00 in a research report on Friday, January 13th. Jefferies Financial Group increased their target price on Lockheed Martin from $500.00 to $525.00 in a research report on Monday, December 5th. Wells Fargo & Company increased their target price on Lockheed Martin from $417.00 to $422.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 25th. StockNews.com initiated coverage on Lockheed Martin in a research report on Thursday. They issued a “buy” rating on the stock. Finally, Susquehanna raised their price objective on Lockheed Martin from $510.00 to $512.00 and gave the company a “positive” rating in a research report on Wednesday, January 25th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $490.43.

About Lockheed Martin

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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.