denkapparat Operations GmbH Makes New Investment in Lockheed Martin Co. (NYSE:LMT)

denkapparat Operations GmbH acquired a new position in Lockheed Martin Co. (NYSE:LMT) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,434 shares of the aerospace company’s stock, valued at approximately $697,000. Lockheed Martin comprises 1.0% of denkapparat Operations GmbH’s investment portfolio, making the stock its 22nd biggest holding.

A number of other institutional investors and hedge funds have also recently modified their holdings of LMT. Proficio Capital Partners LLC grew its stake in shares of Lockheed Martin by 53,784.3% during the 4th quarter. Proficio Capital Partners LLC now owns 1,235,568 shares of the aerospace company’s stock worth $600,412,000 after purchasing an additional 1,233,275 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Lockheed Martin by 17.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,471,071 shares of the aerospace company’s stock valued at $3,630,492,000 after acquiring an additional 1,132,461 shares during the last quarter. Van ECK Associates Corp boosted its stake in Lockheed Martin by 1,239.6% during the 4th quarter. Van ECK Associates Corp now owns 548,237 shares of the aerospace company’s stock worth $266,410,000 after purchasing an additional 507,312 shares during the last quarter. Wellington Management Group LLP grew its stake in Lockheed Martin by 8.5% during the 3rd quarter. Wellington Management Group LLP now owns 3,074,855 shares of the aerospace company’s stock valued at $1,797,437,000 after acquiring an additional 240,306 shares in the last quarter. Finally, Strategic Financial Concepts LLC acquired a new stake in shares of Lockheed Martin in the fourth quarter valued at approximately $77,376,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Trading Down 0.7 %

NYSE LMT opened at $442.27 on Friday. Lockheed Martin Co. has a 52 week low of $419.70 and a 52 week high of $618.95. The firm has a 50 day moving average of $457.47 and a two-hundred day moving average of $511.67. The stock has a market capitalization of $104.10 billion, a PE ratio of 19.87, a price-to-earnings-growth ratio of 2.07 and a beta of 0.43. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, beating the consensus estimate of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. As a group, research analysts expect that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be issued 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 2.98%. Lockheed Martin’s payout ratio is currently 59.30%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on LMT shares. Royal Bank of Canada downgraded shares of Lockheed Martin from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from $550.00 to $480.00 in a report on Thursday. Bank of America downgraded Lockheed Martin from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $685.00 to $485.00 in a research report on Monday. Melius cut shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Monday. Susquehanna reduced their price target on shares of Lockheed Martin from $590.00 to $550.00 and set a “positive” rating on the stock in a research note on Wednesday, January 29th. Finally, Morgan Stanley lowered their price objective on shares of Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $539.53.

Insider Transactions at Lockheed Martin

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

Lockheed Martin 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.