Disciplined Investors L.L.C. Makes New Investment in Lockheed Martin Co. (NYSE:LMT)

Disciplined Investors L.L.C. acquired a new stake in Lockheed Martin Co. (NYSE:LMT) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 769 shares of the aerospace company’s stock, valued at approximately $372,000.

Several other institutional investors and hedge funds have also modified their holdings of LMT. SevenBridge Financial Group LLC raised its holdings in Lockheed Martin by 12.9% in the 4th quarter. SevenBridge Financial Group LLC now owns 7,019 shares of the aerospace company’s stock valued at $3,154,000 after acquiring an additional 804 shares during the last quarter. OneAscent Financial Services LLC increased its stake in Lockheed Martin by 84.5% in the fourth quarter. OneAscent Financial Services LLC now owns 1,116 shares of the aerospace company’s stock valued at $542,000 after purchasing an additional 511 shares during the last quarter. Cynosure Group LLC purchased a new position in Lockheed Martin during the fourth quarter worth about $307,000. DKM Wealth Management Inc. acquired a new stake in Lockheed Martin in the 4th quarter worth about $790,000. Finally, Huntington National Bank grew its holdings in Lockheed Martin by 3.3% in the 4th quarter. Huntington National Bank now owns 149,579 shares of the aerospace company’s stock valued at $72,687,000 after buying an additional 4,829 shares during the period. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

Lockheed Martin stock opened at $452.92 on Thursday. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95. The firm’s fifty day moving average price is $453.52 and its 200 day moving average price is $507.80. The company has a market capitalization of $106.24 billion, a price-to-earnings ratio of 20.35, a price-to-earnings-growth ratio of 2.07 and a beta of 0.39. Lockheed Martin Co. has a 12-month low of $419.70 and a 12-month high of $618.95.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, topping 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%. On average, research analysts forecast that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 3rd were issued a $3.30 dividend. The ex-dividend date was Monday, March 3rd. This represents a $13.20 annualized dividend and a yield of 2.91%. Lockheed Martin’s dividend payout ratio is presently 59.30%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. StockNews.com cut shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Tuesday. Citigroup lowered their price objective on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a research note on Tuesday, January 21st. JPMorgan Chase & Co. cut their target price on Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Melius Research downgraded Lockheed Martin from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 24th. Finally, Susquehanna reduced their price objective on Lockheed Martin from $590.00 to $550.00 and set a “positive” rating on the stock in a research note on Wednesday, January 29th. One analyst has rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Lockheed Martin has a consensus rating of “Hold” and an average target price of $539.53.

Insider Activity at Lockheed Martin

In other news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the business’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 sale, the insider now owns 2,000 shares of the company’s stock, valued at approximately $884,840. The trade was a 61.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Harry Edward Paul III sold 707 shares of the 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 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 ninety days. Corporate insiders own 0.17% of the company’s stock.

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.