Lockheed Martin Co. (NYSE:LMT) Shares Purchased by Congress Park Capital LLC

Congress Park Capital LLC raised its position in shares of Lockheed Martin Co. (NYSE:LMTFree Report) by 37.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 910 shares of the aerospace company’s stock after acquiring an additional 250 shares during the period. Congress Park Capital LLC’s holdings in Lockheed Martin were worth $412,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blackhawk Capital Partners LLC. purchased a new stake in shares of Lockheed Martin during the 4th quarter worth about $2,083,000. Fifth Third Bancorp grew its stake in Lockheed Martin by 0.7% during the fourth quarter. Fifth Third Bancorp now owns 96,640 shares of the aerospace company’s stock worth $43,801,000 after buying an additional 656 shares during the period. BLB&B Advisors LLC increased its position in shares of Lockheed Martin by 18.0% in the fourth quarter. BLB&B Advisors LLC now owns 22,807 shares of the aerospace company’s stock worth $10,337,000 after acquiring an additional 3,482 shares in the last quarter. Pinnacle Associates Ltd. raised its stake in shares of Lockheed Martin by 0.6% in the 4th quarter. Pinnacle Associates Ltd. now owns 30,579 shares of the aerospace company’s stock valued at $13,860,000 after acquiring an additional 181 shares during the period. Finally, Penn Davis Mcfarland Inc. lifted its holdings in shares of Lockheed Martin by 2.7% during the 4th quarter. Penn Davis Mcfarland Inc. now owns 45,130 shares of the aerospace company’s stock valued at $20,455,000 after acquiring an additional 1,172 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Stock Performance

Lockheed Martin stock opened at $454.87 on Monday. Lockheed Martin Co. has a 52 week low of $393.77 and a 52 week high of $508.10. The company has a current ratio of 1.21, a quick ratio of 1.03 and a debt-to-equity ratio of 2.53. The stock has a market cap of $109.39 billion, a P/E ratio of 16.51, a price-to-earnings-growth ratio of 4.15 and a beta of 0.48. The stock has a 50 day moving average of $433.32 and a 200-day moving average of $438.98.

Lockheed Martin (NYSE:LMTGet Free Report) 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. The firm had revenue of $18.87 billion for the quarter, compared to the consensus estimate of $17.96 billion. Lockheed Martin had a net margin of 10.24% and a return on equity of 79.91%. The firm’s revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the firm posted $7.79 EPS. On average, analysts expect that Lockheed Martin Co. will post 26.13 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 1st were paid a dividend of $3.15 per share. This represents a $12.60 annualized dividend and a yield of 2.77%. The ex-dividend date was Thursday, February 29th. Lockheed Martin’s payout ratio is currently 45.74%.

Insiders Place Their Bets

In other news, SVP Maryanne Lavan sold 4,022 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total value of $1,747,116.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Maryanne Lavan sold 4,022 shares of the firm’s stock in a transaction on 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 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 on Tuesday, March 5th. The shares were 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 approximately $5,434,718.76. The disclosure for this sale can be found here. Insiders have sold a total of 16,874 shares of company stock valued at $7,249,946 in the last quarter. Insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on LMT shares. UBS Group cut their price objective on Lockheed Martin from $488.00 to $475.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 24th. Royal Bank of Canada dropped 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. Morgan Stanley reduced their price target on Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Lockheed Martin from $438.00 to $472.00 in a research report on Monday, January 22nd. Finally, Citigroup reduced their target price on shares of Lockheed Martin from $540.00 to $508.00 and set a “buy” rating on the stock in a research report on Wednesday, January 24th. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Lockheed Martin currently has a consensus rating of “Hold” and an average target price of $491.92.

Check Out Our Latest Report on LMT

Lockheed Martin Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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