Michael A. Dubis Financial Planning LLC Invests $972,000 in Lockheed Martin Co. (NYSE:LMT)

Michael A. Dubis Financial Planning LLC purchased a new position in Lockheed Martin Co. (NYSE:LMT - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 2,000 shares of the aerospace company's stock, valued at approximately $972,000. Lockheed Martin makes up about 0.9% of Michael A. Dubis Financial Planning LLC's portfolio, making the stock its 21st biggest holding.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LMT. Fisher Asset Management LLC increased its position in Lockheed Martin by 0.9% in the third quarter. Fisher Asset Management LLC now owns 6,742 shares of the aerospace company's stock worth $3,941,000 after buying an additional 61 shares during the period. Freedom Investment Management Inc. increased its holdings in shares of Lockheed Martin by 16.7% in the 3rd quarter. Freedom Investment Management Inc. now owns 754 shares of the aerospace company's stock worth $441,000 after acquiring an additional 108 shares during the period. Fiduciary Trust Co lifted its position in Lockheed Martin by 2.0% in the 3rd quarter. Fiduciary Trust Co now owns 11,781 shares of the aerospace company's stock valued at $6,887,000 after purchasing an additional 229 shares during the last quarter. Vinva Investment Management Ltd boosted its stake in Lockheed Martin by 3.0% during the 3rd quarter. Vinva Investment Management Ltd now owns 656 shares of the aerospace company's stock valued at $382,000 after purchasing an additional 19 shares during the period. Finally, Carl P. Sherr & Co. LLC grew its position in Lockheed Martin by 113.7% in the 3rd quarter. Carl P. Sherr & Co. LLC now owns 1,423 shares of the aerospace company's stock worth $832,000 after purchasing an additional 757 shares during the last quarter. Hedge funds and other institutional investors own 74.19% of the company's stock.

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Insider Transactions at Lockheed Martin

In other Lockheed Martin news, VP Harry Edward Paul III sold 707 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $442.61, for a total value of $312,925.27. Following the sale, the vice president now owns 2,278 shares of the company's stock, valued at $1,008,265.58. This trade represents a 23.69 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the stock in a transaction dated Wednesday, February 26th. The shares were 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 of the company's stock, valued at approximately $884,840. The trade was a 61.63 % decrease in their position. 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.

Analyst Upgrades and Downgrades

LMT has been the topic of a number of recent analyst reports. Melius cut Lockheed Martin from a "buy" rating to a "hold" rating in a report on Monday, March 24th. Citigroup decreased their price target on Lockheed Martin from $700.00 to $600.00 and set a "buy" rating for the company in a research note on Tuesday, January 21st. Morgan Stanley reduced their price objective on shares of Lockheed Martin from $555.00 to $525.00 and set an "equal weight" rating for the company in a report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating and lowered their price objective for the company from $611.00 to $523.00 in a research note on Thursday, January 2nd. Finally, Melius Research downgraded Lockheed Martin from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $539.53.

Lockheed Martin Stock Up 0.5 %

Shares of NYSE:LMT traded up $2.24 on Tuesday, reaching $448.95. The company had a trading volume of 354,580 shares, compared to its average volume of 1,205,208. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10. The stock has a market capitalization of $105.68 billion, a P/E ratio of 20.17, a P/E/G ratio of 2.07 and a beta of 0.43. The stock has a 50-day moving average price of $455.61 and a 200 day moving average price of $509.05. Lockheed Martin Co. has a twelve month low of $419.70 and a twelve month high of $618.95.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, beating 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, equities analysts expect 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. 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 2.94%. The ex-dividend date of this dividend was Monday, March 3rd. Lockheed Martin's dividend payout ratio is currently 59.30%.

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.