1,626 Shares in Lockheed Martin Co. (NYSE:LMT) Acquired by DKM Wealth Management Inc.

DKM Wealth Management Inc. bought a new stake in Lockheed Martin Co. (NYSE:LMT - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,626 shares of the aerospace company's stock, valued at approximately $790,000. Lockheed Martin accounts for about 0.7% of DKM Wealth Management Inc.'s investment portfolio, making the stock its 19th biggest holding.

A number of other large investors have also added to or reduced their stakes in the company. CFS Investment Advisory Services LLC boosted its holdings in Lockheed Martin by 2.0% in the fourth quarter. CFS Investment Advisory Services LLC now owns 1,091 shares of the aerospace company's stock valued at $530,000 after purchasing an additional 21 shares during the last quarter. Wynn Capital LLC boosted its stake in shares of Lockheed Martin by 1.0% during the 4th quarter. Wynn Capital LLC now owns 2,185 shares of the aerospace company's stock valued at $1,062,000 after buying an additional 22 shares during the last quarter. PBMares Wealth Management LLC grew its position in shares of Lockheed Martin by 0.6% during the fourth quarter. PBMares Wealth Management LLC now owns 3,745 shares of the aerospace company's stock worth $1,820,000 after buying an additional 22 shares in the last quarter. Nvwm LLC increased its stake in shares of Lockheed Martin by 2.5% in the fourth quarter. Nvwm LLC now owns 908 shares of the aerospace company's stock worth $441,000 after buying an additional 22 shares during the last quarter. Finally, Schear Investment Advisers LLC raised its holdings in Lockheed Martin by 2.0% in the fourth quarter. Schear Investment Advisers LLC now owns 1,147 shares of the aerospace company's stock valued at $557,000 after acquiring an additional 22 shares in the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

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Lockheed Martin Stock Performance

LMT traded down $22.06 during trading hours on Friday, hitting $432.72. The company's stock had a trading volume of 2,391,049 shares, compared to its average volume of 1,220,992. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10. Lockheed Martin Co. has a fifty-two week low of $419.70 and a fifty-two week high of $618.95. The company has a 50-day simple moving average of $451.38 and a 200 day simple moving average of $506.03. The firm has a market capitalization of $101.50 billion, a PE ratio of 19.44, a PEG ratio of 2.07 and a beta of 0.39.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, beating analysts' consensus estimates of $6.58 by $1.09. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. As a group, sell-side analysts expect that Lockheed Martin Co. will post 27.15 EPS for the current year.

Lockheed Martin Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 3rd were issued a $3.30 dividend. This represents a $13.20 annualized dividend and a dividend yield of 3.05%. The ex-dividend date of this dividend was Monday, March 3rd. Lockheed Martin's dividend payout ratio (DPR) is presently 59.30%.

Insider Activity at Lockheed Martin

In related news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the firm'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 transaction of $1,421,495.46. Following the completion of the sale, the insider now directly owns 2,000 shares in the company, valued at approximately $884,840. This trade represents a 61.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Harry Edward Paul III sold 707 shares of the stock in a transaction 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 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 disclosure for this sale can be found here. Insiders have sold 7,133 shares of company stock worth $3,155,916 over the last quarter. 0.17% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Barclays dropped their target price on shares of Lockheed Martin from $565.00 to $515.00 and set an "equal weight" rating for the company in a research report on Monday, January 6th. Royal Bank of Canada cut Lockheed Martin from an "outperform" rating to a "sector perform" rating and cut their price objective for the company from $550.00 to $480.00 in a research note on Thursday, March 27th. Deutsche Bank Aktiengesellschaft lowered Lockheed Martin from a "buy" rating to a "hold" rating and decreased their target price for the stock from $611.00 to $523.00 in a research report on Thursday, January 2nd. Susquehanna reduced their price objective on Lockheed Martin from $590.00 to $550.00 and set a "positive" rating on the stock in a research note on Wednesday, January 29th. Finally, UBS Group lowered their target price on shares of Lockheed Martin from $527.00 to $508.00 and set a "neutral" rating for the company in a research note on Wednesday, January 29th. 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 MarketBeat.com, Lockheed Martin currently has a consensus rating of "Hold" and a consensus price target 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.