Lockheed Martin Co. (LMT) Stake Boosted by Financial Counselors Inc.

Financial Counselors Inc. grew its holdings in Lockheed Martin Co. (NYSE:LMT) by 25.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,745 shares of the aerospace company’s stock after purchasing an additional 4,379 shares during the period. Financial Counselors Inc.’s holdings in Lockheed Martin were worth $5,694,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in the company. Lederer & Associates Investment Counsel CA lifted its stake in shares of Lockheed Martin by 0.7% in the 4th quarter. Lederer & Associates Investment Counsel CA now owns 5,149 shares of the aerospace company’s stock valued at $1,348,000 after purchasing an additional 35 shares during the last quarter. Physicians Financial Services Inc. lifted its stake in shares of Lockheed Martin by 0.8% in the 4th quarter. Physicians Financial Services Inc. now owns 4,795 shares of the aerospace company’s stock valued at $1,256,000 after purchasing an additional 37 shares during the last quarter. Polaris Greystone Financial Group LLC lifted its stake in shares of Lockheed Martin by 5.1% in the 4th quarter. Polaris Greystone Financial Group LLC now owns 911 shares of the aerospace company’s stock valued at $239,000 after purchasing an additional 44 shares during the last quarter. SignalPoint Asset Management LLC lifted its stake in shares of Lockheed Martin by 6.3% in the 4th quarter. SignalPoint Asset Management LLC now owns 776 shares of the aerospace company’s stock valued at $203,000 after purchasing an additional 46 shares during the last quarter. Finally, Indiana Trust & Investment Management CO lifted its stake in shares of Lockheed Martin by 5.7% in the 4th quarter. Indiana Trust & Investment Management CO now owns 872 shares of the aerospace company’s stock valued at $228,000 after purchasing an additional 47 shares during the last quarter. 85.33% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider Michele A. Evans sold 7,690 shares of the stock in a transaction dated Thursday, February 7th. The stock was sold at an average price of $298.78, for a total value of $2,297,618.20. Following the transaction, the insider now owns 7,690 shares in the company, valued at approximately $2,297,618.20. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Richard F. Ambrose sold 6,647 shares of the stock in a transaction dated Wednesday, February 6th. The shares were sold at an average price of $301.34, for a total value of $2,003,006.98. Following the completion of the transaction, the executive vice president now owns 4,218 shares in the company, valued at approximately $1,271,052.12. The disclosure for this sale can be found here. Corporate insiders own 0.35% of the company’s stock.

Several equities analysts have recently commented on the company. Goldman Sachs Group raised Lockheed Martin from a “neutral” rating to a “conviction-buy” rating and upped their price target for the company from $391.00 to $394.00 in a research note on Wednesday, October 24th. JPMorgan Chase & Co. cut their price objective on Lockheed Martin from $395.00 to $370.00 and set a “neutral” rating on the stock in a report on Wednesday, October 24th. Zacks Investment Research upgraded Lockheed Martin from a “hold” rating to a “buy” rating and set a $366.00 price objective on the stock in a report on Wednesday, October 24th. Credit Suisse Group cut their price objective on Lockheed Martin from $368.00 to $357.00 and set a “neutral” rating on the stock in a report on Wednesday, October 24th. Finally, Morgan Stanley cut their price objective on Lockheed Martin from $386.00 to $366.00 and set an “overweight” rating on the stock in a report on Wednesday, November 14th. Eight equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $348.50.

LMT opened at $300.04 on Tuesday. Lockheed Martin Co. has a one year low of $241.18 and a one year high of $363.00. The stock has a market capitalization of $85.67 billion, a PE ratio of 16.81, a price-to-earnings-growth ratio of 2.24 and a beta of 1.02. The company has a current ratio of 1.12, a quick ratio of 0.91 and a debt-to-equity ratio of 8.70.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, January 29th. The aerospace company reported $4.39 EPS for the quarter, meeting analysts’ consensus estimates of $4.39. Lockheed Martin had a return on equity of 726.78% and a net margin of 9.39%. The business had revenue of $14.41 billion for the quarter, compared to the consensus estimate of $13.75 billion. During the same quarter in the prior year, the business posted ($2.25) EPS. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. On average, research analysts expect that Lockheed Martin Co. will post 19.41 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 1st will be issued a $2.20 dividend. The ex-dividend date is Thursday, February 28th. This represents a $8.80 dividend on an annualized basis and a dividend yield of 2.93%. Lockheed Martin’s payout ratio is currently 49.30%.

WARNING: “Lockheed Martin Co. (LMT) Stake Boosted by Financial Counselors Inc.” was originally reported by Transcript Daily and is owned by of Transcript Daily. If you are viewing this news story on another website, it was stolen and republished in violation of US & international copyright & trademark laws. The correct version of this news story can be accessed at https://transcriptdaily.com/2019/02/12/lockheed-martin-co-lmt-stake-boosted-by-financial-counselors-inc.html.

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

Featured Article: What is net income?

Want to see what other hedge funds are holding LMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lockheed Martin Co. (NYSE:LMT).

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

Receive News & Ratings for Lockheed Martin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lockheed Martin and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply