Lockheed Martin Co. (NYSE:LMT) Shares Acquired by Stockman Wealth Management Inc.

Stockman Wealth Management Inc. lifted its stake in Lockheed Martin Co. (NYSE:LMT) by 1.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,599 shares of the aerospace company’s stock after purchasing an additional 292 shares during the period. Lockheed Martin makes up 1.5% of Stockman Wealth Management Inc.’s investment portfolio, making the stock its 27th largest holding. Stockman Wealth Management Inc.’s holdings in Lockheed Martin were worth $7,523,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in shares of Lockheed Martin by 36.9% in the 4th quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 3,346 shares of the aerospace company’s stock worth $1,437,000 after acquiring an additional 902 shares during the period. Larson Financial Group LLC grew its holdings in Lockheed Martin by 364.0% in the fourth quarter. Larson Financial Group LLC now owns 116 shares of the aerospace company’s stock valued at $53,000 after purchasing an additional 91 shares during the last quarter. Wedge Capital Management L L P NC purchased a new position in shares of Lockheed Martin in the fourth quarter valued at $206,000. Foster & Motley Inc. raised its stake in shares of Lockheed Martin by 9.7% during the 4th quarter. Foster & Motley Inc. now owns 10,148 shares of the aerospace company’s stock worth $4,599,000 after buying an additional 900 shares during the last quarter. Finally, Burt Wealth Advisors purchased a new stake in shares of Lockheed Martin in the 4th quarter worth about $203,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Trading Down 0.5 %

Lockheed Martin stock traded down $2.33 during trading on Monday, hitting $461.54. The company’s stock had a trading volume of 1,820,348 shares, compared to its average volume of 1,168,988. The stock’s fifty day moving average is $440.67 and its 200 day moving average is $443.62. Lockheed Martin Co. has a 1-year low of $393.77 and a 1-year high of $483.53. The stock has a market capitalization of $111.00 billion, a price-to-earnings ratio of 16.75, a P/E/G ratio of 4.23 and a beta of 0.48. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.03 and a current ratio of 1.21.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, January 23rd. The aerospace company reported $7.90 EPS for the quarter, beating analysts’ consensus estimates of $7.26 by $0.64. Lockheed Martin had a net margin of 10.24% and a return on equity of 79.91%. The company had revenue of $18.87 billion during the quarter, compared to the consensus estimate of $17.96 billion. During the same quarter in the prior year, the company posted $7.79 EPS. The company’s quarterly revenue was down .6% compared to the same quarter last year. As a group, equities research analysts predict that Lockheed Martin Co. will post 26.13 EPS for the current year.

Lockheed Martin Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 1st were issued a $3.15 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $12.60 dividend on an annualized basis and a dividend yield of 2.73%. Lockheed Martin’s dividend payout ratio (DPR) is presently 45.74%.

Insider Activity

In other Lockheed Martin news, SVP Maryanne Lavan sold 4,022 shares of the company’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total transaction of $1,747,116.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Lockheed Martin news, SVP Maryanne Lavan sold 4,022 shares of Lockheed Martin stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $434.39, for a total transaction of $1,747,116.58. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Gregory M. Ulmer sold 6,204 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $431.19, for a total transaction of $2,675,102.76. Following the sale, the insider now owns 12,604 shares of the company’s stock, valued at $5,434,718.76. The disclosure for this sale can be found here. Insiders sold 16,874 shares of company stock valued at $7,249,946 in the last ninety days. Company insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on LMT shares. Morgan Stanley dropped their target price on shares of Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating for the company in a report on Wednesday, January 24th. JPMorgan Chase & Co. upgraded Lockheed Martin from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $475.00 to $518.00 in a research report on Monday, April 15th. Royal Bank of Canada lowered their target price on Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 24th. Susquehanna cut their price target on Lockheed Martin from $550.00 to $540.00 and set a “positive” rating for the company in a report on Wednesday, January 24th. Finally, Citigroup reduced their price objective on Lockheed Martin from $540.00 to $508.00 and set a “buy” rating on the stock in a research report on Wednesday, January 24th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Lockheed Martin presently has an average rating of “Hold” and a consensus target price of $486.78.

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.