Disciplined Investors L.L.C. Invests $372,000 in Lockheed Martin Co. (NYSE:LMT)

Disciplined Investors L.L.C. 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 769 shares of the aerospace company's stock, valued at approximately $372,000.

A number of other institutional investors have also recently added to or reduced their stakes in LMT. Itau Unibanco Holding S.A. acquired a new position in Lockheed Martin during the 3rd quarter worth about $26,000. Millstone Evans Group LLC bought a new stake in Lockheed Martin in the fourth quarter valued at approximately $32,000. Mizuho Securities Co. Ltd. acquired a new stake in Lockheed Martin during the 4th quarter valued at approximately $34,000. Heck Capital Advisors LLC bought a new position in Lockheed Martin during the 4th quarter worth approximately $35,000. Finally, Legacy Investment Solutions LLC bought a new stake in shares of Lockheed Martin in the 3rd quarter valued at $42,000. 74.19% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on LMT shares. Citigroup dropped their price objective on Lockheed Martin from $700.00 to $600.00 and set a "buy" rating on the stock in a research note on Tuesday, January 21st. Royal Bank of Canada downgraded Lockheed Martin from an "outperform" rating to a "sector perform" rating and reduced their target price for the company from $550.00 to $480.00 in a research note on Thursday, March 27th. UBS Group dropped their price target on Lockheed Martin from $527.00 to $508.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 29th. Susquehanna cut their price target on Lockheed Martin from $590.00 to $550.00 and set a "positive" rating on the stock in a report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. decreased their price objective on Lockheed Martin from $540.00 to $535.00 and set an "overweight" rating for the company in a report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $539.53.

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Insider Transactions at Lockheed Martin

In other Lockheed Martin news, VP Harry Edward Paul III sold 707 shares of Lockheed Martin stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $442.61, for a total transaction of $312,925.27. Following the completion of the transaction, the vice president now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the company's stock in a transaction dated 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 sale, the insider now owns 2,000 shares in the company, valued at approximately $884,840. This represents a 61.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,133 shares of company stock worth $3,155,916. 0.17% of the stock is owned by company insiders.

Lockheed Martin Stock Performance

NYSE LMT traded up $1.21 during trading hours on Thursday, reaching $454.08. 1,813,627 shares of the company were exchanged, compared to its average volume of 1,215,720. The stock has a market capitalization of $106.52 billion, a P/E ratio of 20.40, a P/E/G ratio of 2.07 and a beta of 0.39. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10. Lockheed Martin Co. has a 1 year low of $419.70 and a 1 year high of $618.95. The business's 50 day simple moving average is $452.66 and its 200-day simple moving average is $507.43.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, topping 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 year.

Lockheed Martin Announces Dividend

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. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.91%. Lockheed Martin's dividend payout ratio is presently 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.