Distillate Capital Partners LLC Takes Position in Lockheed Martin Co. (NYSE:LMT)

Distillate Capital Partners LLC acquired a new position in Lockheed Martin Co. (NYSE:LMT - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 54,730 shares of the aerospace company's stock, valued at approximately $26,595,000. Lockheed Martin accounts for 1.3% of Distillate Capital Partners LLC's investment portfolio, making the stock its 16th biggest holding.

A number of other institutional investors have also modified their holdings of LMT. Proficio Capital Partners LLC raised its stake in Lockheed Martin by 53,784.3% during the fourth quarter. Proficio Capital Partners LLC now owns 1,235,568 shares of the aerospace company's stock worth $600,412,000 after acquiring an additional 1,233,275 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Lockheed Martin by 17.9% in 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 purchasing an additional 1,132,461 shares during the last quarter. Van ECK Associates Corp boosted its position in Lockheed Martin by 1,239.6% during the 4th quarter. Van ECK Associates Corp now owns 548,237 shares of the aerospace company's stock valued at $266,410,000 after purchasing an additional 507,312 shares during the period. Invesco Ltd. lifted its stake in Lockheed Martin by 17.5% in the fourth quarter. Invesco Ltd. now owns 2,131,928 shares of the aerospace company's stock valued at $1,035,989,000 after buying an additional 318,007 shares during the last quarter. Finally, Strategic Financial Concepts LLC acquired a new position in shares of Lockheed Martin during the fourth quarter valued at $77,376,000. 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 news, VP Harry Edward Paul III sold 707 shares of the company's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $442.61, for a total transaction of $312,925.27. Following the transaction, the vice president now owns 2,278 shares in the company, valued at approximately $1,008,265.58. This represents a 23.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the company's stock in a transaction on Wednesday, February 26th. The stock was 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 in the company, 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 90 days, insiders sold 7,133 shares of company stock valued at $3,155,916. 0.17% of the stock is currently owned by insiders.

Lockheed Martin Stock Up 0.1 %

Shares of LMT stock traded up $0.54 during trading on Monday, reaching $475.44. The company's stock had a trading volume of 1,079,090 shares, compared to its average volume of 1,238,997. The company has a market cap of $111.53 billion, a price-to-earnings ratio of 21.36, a price-to-earnings-growth ratio of 2.07 and a beta of 0.39. Lockheed Martin Co. has a one year low of $418.88 and a one year high of $618.95. The business has a fifty day moving average price of $450.03 and a 200-day moving average price of $500.17. 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 (NYSE:LMT - Get Free Report) last released its quarterly earnings data 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%. Analysts anticipate that Lockheed Martin Co. will post 27.15 earnings per share 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 issued a dividend of $3.30 per share. The ex-dividend date was Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.78%. Lockheed Martin's dividend payout ratio (DPR) is currently 59.30%.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Royal Bank of Canada downgraded Lockheed Martin from an "outperform" rating to a "sector perform" rating and cut their target price for the company from $550.00 to $480.00 in a research note on Thursday, March 27th. Citigroup dropped their price target on shares of Lockheed Martin from $700.00 to $600.00 and set a "buy" rating on the stock in a research report on Tuesday, January 21st. Melius cut shares of Lockheed Martin from a "buy" rating to a "hold" rating in a report on Monday, March 24th. StockNews.com downgraded Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Tuesday, April 1st. Finally, Wells Fargo & Company cut their price objective on Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. One 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. Based on data from MarketBeat.com, Lockheed Martin presently has a consensus rating of "Hold" and an average price target of $536.60.

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.