Cynosure Group LLC Buys Shares of 631 Lockheed Martin Co. (NYSE:LMT)

Cynosure Group LLC acquired a new stake in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 631 shares of the aerospace company's stock, valued at approximately $307,000.

Other large investors have also made changes to their positions in the company. Itau Unibanco Holding S.A. acquired a new position in Lockheed Martin in the third quarter valued at approximately $26,000. Millstone Evans Group LLC acquired a new position in shares of Lockheed Martin in the 4th quarter valued at $32,000. Mizuho Securities Co. Ltd. purchased a new stake in Lockheed Martin during the fourth quarter worth $34,000. Heck Capital Advisors LLC purchased a new stake in Lockheed Martin during the fourth quarter worth $35,000. Finally, Legacy Investment Solutions LLC acquired a new stake in Lockheed Martin during the third quarter valued at $42,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Trading Up 0.3 %

Lockheed Martin stock traded up $1.21 during trading on Thursday, reaching $454.08. 1,813,627 shares of the company were exchanged, compared to its average volume of 1,215,720. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95. The stock's 50 day simple moving average is $452.66 and its two-hundred day simple moving average is $507.43. The company has a market capitalization of $106.52 billion, a P/E ratio of 20.40, a PEG ratio of 2.07 and a beta of 0.39. Lockheed Martin Co. has a 52-week low of $419.70 and a 52-week 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 earnings per share for the quarter, beating the consensus estimate of $6.58 by $1.09. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. On average, equities research analysts expect that Lockheed Martin Co. will post 27.15 earnings per share for the current fiscal year.

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Lockheed Martin Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 3rd were given a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend was Monday, March 3rd. Lockheed Martin's payout ratio is presently 59.30%.

Insider Activity at Lockheed Martin

In other news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $442.42, for a total value of $1,421,495.46. Following the transaction, the insider now directly owns 2,000 shares in the company, valued at approximately $884,840. This represents a 61.63 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Harry Edward Paul III sold 707 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $442.61, for a total transaction of $312,925.27. Following the transaction, 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 position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,133 shares of company stock worth $3,155,916. Insiders own 0.17% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on LMT shares. Royal Bank of Canada lowered shares of Lockheed Martin from an "outperform" rating to a "sector perform" rating and lowered their target price for the stock from $550.00 to $480.00 in a research note on Thursday, March 27th. Citigroup cut their price objective on Lockheed Martin from $700.00 to $600.00 and set a "buy" rating for the company in a research report on Tuesday, January 21st. JPMorgan Chase & Co. decreased their target price on Lockheed Martin from $540.00 to $535.00 and set an "overweight" rating on the stock in a research report on Thursday, January 30th. Susquehanna cut their price target on shares of Lockheed Martin from $590.00 to $550.00 and set a "positive" rating for the company in a report on Wednesday, January 29th. Finally, Wells Fargo & Company reaffirmed an "equal weight" rating on shares of Lockheed Martin in a report on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Lockheed Martin presently has an average rating of "Hold" and an average target price of $539.53.

Lockheed Martin 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.