Oxford Asset Management LLP Buys Shares of 2,256 Lockheed Martin Co. (NYSE:LMT)

Oxford Asset Management LLP purchased a new stake in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 2,256 shares of the aerospace company's stock, valued at approximately $1,096,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in LMT. Proficio Capital Partners LLC grew its stake in shares of Lockheed Martin by 53,784.3% in the fourth quarter. Proficio Capital Partners LLC now owns 1,235,568 shares of the aerospace company's stock worth $600,412,000 after purchasing an additional 1,233,275 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Lockheed Martin by 17.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 7,471,071 shares of the aerospace company's stock worth $3,630,492,000 after buying an additional 1,132,461 shares during the period. Van ECK Associates Corp grew its position in shares of Lockheed Martin by 1,239.6% in the 4th quarter. Van ECK Associates Corp now owns 548,237 shares of the aerospace company's stock valued at $266,410,000 after buying an additional 507,312 shares during the last quarter. Capital Research Global Investors bought a new position in shares of Lockheed Martin during the fourth quarter worth about $229,987,000. Finally, Demars Financial Group LLC raised its position in shares of Lockheed Martin by 47,002.5% during the fourth quarter. Demars Financial Group LLC now owns 433,343 shares of the aerospace company's stock worth $210,579,000 after acquiring an additional 432,423 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors.

Insider Activity at Lockheed Martin

In other Lockheed Martin news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of Lockheed Martin stock in a transaction that occurred on 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 transaction, the insider now owns 2,000 shares of the company's stock, valued at $884,840. This trade represents a 61.63 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Harry Edward Paul III sold 707 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $442.61, for a total value of $312,925.27. Following the sale, the vice president now directly owns 2,278 shares of the company's stock, valued at $1,008,265.58. The trade was a 23.69 % decrease in their ownership of the stock. 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 0.14% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on LMT shares. Deutsche Bank Aktiengesellschaft lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating and lowered their price target for the stock from $611.00 to $523.00 in a report on Thursday, January 2nd. Barclays dropped their target price on shares of Lockheed Martin from $565.00 to $515.00 and set an "equal weight" rating on the stock in a report on Monday, January 6th. Susquehanna decreased their price target on Lockheed Martin from $590.00 to $550.00 and set a "positive" rating for the company in a report on Wednesday, January 29th. JPMorgan Chase & Co. dropped their price objective on Lockheed Martin from $540.00 to $535.00 and set an "overweight" rating on the stock in a research note on Thursday, January 30th. Finally, Baird R W raised Lockheed Martin from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 23rd. Eight research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Lockheed Martin has an average rating of "Moderate Buy" and a consensus target price of $544.79.

Lockheed Martin Stock Down 0.2 %

Shares of NYSE LMT traded down $1.14 during mid-day trading on Monday, reaching $476.50. 1,159,722 shares of the company's stock traded hands, compared to its average volume of 1,252,496. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95. Lockheed Martin Co. has a 1-year low of $418.88 and a 1-year high of $618.95. The stock has a market cap of $111.64 billion, a P/E ratio of 21.41, a PEG ratio of 2.07 and a beta of 0.39. The business has a 50-day simple moving average of $455.79 and a 200 day simple moving average of $490.90.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $7.28 EPS for the quarter, topping the consensus estimate of $6.34 by $0.94. The firm had revenue of $17.96 billion during the quarter, compared to the consensus estimate of $17.83 billion. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. On average, analysts expect that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 3rd were paid a $3.30 dividend. The ex-dividend date was Monday, March 3rd. This represents a $13.20 annualized dividend and a dividend yield of 2.77%. Lockheed Martin's payout ratio is 57.02%.

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.