New Age Alpha Advisors LLC Buys 5,655 Shares of Lockheed Martin Co. (NYSE:LMT)

New Age Alpha Advisors LLC lifted its stake in Lockheed Martin Co. (NYSE:LMT) by 18,850.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,685 shares of the aerospace company’s stock after buying an additional 5,655 shares during the quarter. New Age Alpha Advisors LLC’s holdings in Lockheed Martin were worth $2,763,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Itau Unibanco Holding S.A. purchased a new position in Lockheed Martin during the third quarter valued at approximately $26,000. Millstone Evans Group LLC bought a new stake in shares of Lockheed Martin during the 4th quarter valued at $32,000. Mizuho Securities Co. Ltd. bought a new position in Lockheed Martin in the 4th quarter worth $34,000. Heck Capital Advisors LLC purchased a new stake in Lockheed Martin in the 4th quarter worth $35,000. Finally, Legacy Investment Solutions LLC bought a new stake in Lockheed Martin during the third quarter valued at about $42,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Price Performance

Shares of Lockheed Martin stock opened at $441.41 on Friday. The stock has a market cap of $103.90 billion, a price-to-earnings ratio of 19.83, a price-to-earnings-growth ratio of 2.07 and a beta of 0.43. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13. The stock has a 50 day moving average price of $456.49 and a 200-day moving average price of $510.30. Lockheed Martin Co. has a one year low of $419.70 and a one year high of $618.95.

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

Lockheed Martin Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 3rd were paid a $3.30 dividend. This represents a $13.20 annualized dividend and a yield of 2.99%. The ex-dividend date was Monday, March 3rd. Lockheed Martin’s payout ratio is currently 59.30%.

Insider Activity

In other Lockheed Martin news, VP Harry Edward Paul III sold 707 shares of the company’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $442.61, for a total value of $312,925.27. Following the transaction, the vice president now owns 2,278 shares of the company’s stock, valued at $1,008,265.58. This represents a 23.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of Lockheed Martin stock in a transaction 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 sale, the insider now owns 2,000 shares of the company’s stock, valued at approximately $884,840. This trade represents a 61.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,133 shares of company stock valued at $3,155,916. 0.17% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on LMT. Royal Bank of Canada cut Lockheed Martin from an “outperform” rating to a “sector perform” rating and cut their target price for the stock from $550.00 to $480.00 in a research report on Thursday. Susquehanna lowered their target price on shares of Lockheed Martin from $590.00 to $550.00 and set a “positive” rating on the stock in a report on Wednesday, January 29th. JPMorgan Chase & Co. cut their target price on shares of Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. Deutsche Bank Aktiengesellschaft cut shares of Lockheed Martin from a “buy” rating to a “hold” rating and decreased their price target for the stock from $611.00 to $523.00 in a research note on Thursday, January 2nd. Finally, Barclays cut their price objective on 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. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $539.53.

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.