Worth Financial Advisory Group LLC Raises Holdings in Lockheed Martin Co. (NYSE:LMT)

Worth Financial Advisory Group LLC raised its position in shares of Lockheed Martin Co. (NYSE:LMT) by 9.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 492 shares of the aerospace company’s stock after acquiring an additional 41 shares during the period. Worth Financial Advisory Group LLC’s holdings in Lockheed Martin were worth $239,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LMT. Larson Financial Group LLC boosted its position in Lockheed Martin by 42.9% during the 3rd quarter. Larson Financial Group LLC now owns 630 shares of the aerospace company’s stock worth $368,000 after purchasing an additional 189 shares during the period. Fisher Asset Management LLC boosted its position in shares of Lockheed Martin by 0.9% in the third quarter. Fisher Asset Management LLC now owns 6,742 shares of the aerospace company’s stock worth $3,941,000 after buying an additional 61 shares during the period. Patton Albertson Miller Group LLC acquired a new stake in shares of Lockheed Martin in the third quarter valued at about $205,000. FMR LLC raised its holdings in shares of Lockheed Martin by 6.6% during the 3rd quarter. FMR LLC now owns 3,389,025 shares of the aerospace company’s stock valued at $1,981,088,000 after buying an additional 209,591 shares during the period. Finally, Avestar Capital LLC lifted its position in Lockheed Martin by 5.2% during the 3rd quarter. Avestar Capital LLC now owns 1,248 shares of the aerospace company’s stock worth $730,000 after acquiring an additional 62 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Stock Up 0.6 %

LMT stock opened at $444.88 on Thursday. The firm has a market cap of $104.72 billion, a price-to-earnings ratio of 19.99, a PEG ratio of 2.07 and a beta of 0.43. Lockheed Martin Co. has a 1-year low of $419.70 and a 1-year high of $618.95. The firm has a fifty day moving average price of $458.36 and a two-hundred day moving average price of $512.16. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, topping the consensus estimate of $6.58 by $1.09. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. Research analysts predict that Lockheed Martin Co. will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be paid a dividend of $3.30 per share. The ex-dividend date is Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a yield of 2.97%. Lockheed Martin’s payout ratio is currently 59.30%.

Analyst Ratings Changes

Several analysts have issued reports on LMT shares. Barclays lowered their price objective on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a research report on Monday, January 6th. Citigroup dropped their price target on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a research note on Tuesday, January 21st. Wells Fargo & Company reissued an “equal weight” rating on shares of Lockheed Martin in a research report on Monday, March 10th. Royal Bank of Canada dropped their target price on Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 29th. Finally, Melius downgraded Lockheed Martin from a “buy” rating to a “hold” rating in a report on Monday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Lockheed Martin presently has an average rating of “Hold” and a consensus price target of $544.20.

Insiders Place Their Bets

In other Lockheed Martin news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the company’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $442.42, for a total value of $1,421,495.46. Following the completion of the transaction, the insider now owns 2,000 shares in the company, valued at approximately $884,840. This represents a 61.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Harry Edward Paul III sold 707 shares of Lockheed Martin stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $442.61, for a total value of $312,925.27. Following the sale, the vice president now directly owns 2,278 shares in the company, valued at approximately $1,008,265.58. This trade represents a 23.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,133 shares of company stock valued at $3,155,916 over the last three months. Company insiders own 0.17% of the company’s stock.

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.