Lockheed Martin Co. (NYSE:LMT) Stock Holdings Lifted by Nemes Rush Group LLC

Nemes Rush Group LLC lifted its position in Lockheed Martin Co. (NYSE:LMT) by 14.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 607 shares of the aerospace company’s stock after acquiring an additional 75 shares during the quarter. Nemes Rush Group LLC’s holdings in Lockheed Martin were worth $295,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Family Legacy Inc. lifted its holdings in shares of Lockheed Martin by 1.5% in the fourth quarter. Family Legacy Inc. now owns 8,445 shares of the aerospace company’s stock valued at $3,960,000 after purchasing an additional 128 shares in the last quarter. Boston Research & Management Inc. lifted its stake in Lockheed Martin by 0.6% in the 4th quarter. Boston Research & Management Inc. now owns 11,206 shares of the aerospace company’s stock worth $5,445,000 after acquiring an additional 72 shares in the last quarter. Summit Financial LLC lifted its stake in Lockheed Martin by 7.6% in the 4th quarter. Summit Financial LLC now owns 4,863 shares of the aerospace company’s stock worth $2,363,000 after acquiring an additional 344 shares in the last quarter. Hoey Investments Inc. boosted its position in Lockheed Martin by 33.9% during the 4th quarter. Hoey Investments Inc. now owns 2,304 shares of the aerospace company’s stock worth $1,120,000 after acquiring an additional 583 shares during the period. Finally, Alliancebernstein L.P. grew its stake in Lockheed Martin by 9.0% during the 4th quarter. Alliancebernstein L.P. now owns 298,373 shares of the aerospace company’s stock valued at $144,991,000 after acquiring an additional 24,530 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Price Performance

NYSE LMT opened at $448.39 on Wednesday. Lockheed Martin Co. has a 1 year low of $419.70 and a 1 year high of $618.95. The company has a fifty day simple moving average of $454.45 and a 200 day simple moving average of $508.19. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10. The company has a market cap of $105.55 billion, a P/E ratio of 20.14, a P/E/G ratio of 2.07 and a beta of 0.43.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) 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%. On average, sell-side analysts predict that Lockheed Martin Co. will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 3rd were given a $3.30 dividend. This represents a $13.20 annualized dividend and a yield of 2.94%. The ex-dividend date was Monday, March 3rd. Lockheed Martin’s dividend payout ratio is currently 59.30%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Citigroup decreased their price target on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a report on Tuesday, January 21st. Bank of America cut shares of Lockheed Martin from a “buy” rating to a “neutral” rating and lowered their price target for the company from $685.00 to $485.00 in a report on Monday, March 24th. JPMorgan Chase & Co. cut their price objective on Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. Melius downgraded Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Monday, March 24th. Finally, Morgan Stanley cut their price target on Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $539.53.

Insider Activity

In related news, VP Harry Edward Paul III sold 707 shares of the business’s 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 transaction, the vice president now directly owns 2,278 shares in the company, valued at $1,008,265.58. The trade was a 23.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the company’s stock in a transaction that occurred on 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 directly owns 2,000 shares of the company’s stock, valued at approximately $884,840. This trade represents a 61.63 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,133 shares of company stock valued at $3,155,916. 0.17% of the stock is owned by company insiders.

About Lockheed Martin

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.