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%.
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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.
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