Lockheed Martin Co. (NYSE:LMT) Shares Purchased by Operose Advisors LLC

Operose Advisors LLC grew its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 44.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 891 shares of the aerospace company’s stock after buying an additional 276 shares during the period. Operose Advisors LLC’s holdings in Lockheed Martin were worth $433,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Millstone Evans Group LLC bought a new position in Lockheed Martin during the 4th quarter valued at $32,000. Mizuho Securities Co. Ltd. bought a new stake in Lockheed Martin during the fourth quarter worth approximately $34,000. Heck Capital Advisors LLC acquired a new position in Lockheed Martin in the fourth quarter worth approximately $35,000. Redwood Park Advisors LLC bought a new position in shares of Lockheed Martin in the fourth quarter valued at $40,000. Finally, Runnymede Capital Advisors Inc. acquired a new stake in shares of Lockheed Martin during the 4th quarter valued at $42,000. Institutional investors own 74.19% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Citigroup reduced their target price on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a report on Tuesday, January 21st. Wells Fargo & Company decreased their target price on shares of Lockheed Martin from $476.00 to $432.00 and set an “equal weight” rating for the company in a report on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating and cut their price target for the company from $611.00 to $523.00 in a report on Thursday, January 2nd. Susquehanna decreased their price objective on shares of Lockheed Martin from $590.00 to $550.00 and set a “positive” rating for the company in a research note on Wednesday, January 29th. Finally, Melius downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Monday, March 24th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $536.60.

Insider Transactions at Lockheed Martin

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

Lockheed Martin Stock Performance

LMT opened at $475.44 on Tuesday. 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 company has a market cap of $111.53 billion, a PE ratio of 21.36, a price-to-earnings-growth ratio of 2.07 and a beta of 0.39. The stock has a 50-day moving average of $450.55 and a 200-day moving average of $499.42. Lockheed Martin Co. has a 52-week low of $418.88 and a 52-week high of $618.95.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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, equities research analysts forecast that Lockheed Martin Co. will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 3rd were given a $3.30 dividend. This represents a $13.20 annualized dividend and a dividend yield of 2.78%. The ex-dividend date was Monday, March 3rd. Lockheed Martin’s dividend payout ratio is currently 59.30%.

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.