DMKC Advisory Services LLC Buys New Stake in Lockheed Martin Co. (NYSE:LMT)

DMKC Advisory Services LLC purchased a new stake in Lockheed Martin Co. (NYSE:LMT - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,787 shares of the aerospace company's stock, valued at approximately $1,840,000.

Other large investors have also made changes to their positions in the company. Salomon & Ludwin LLC lifted its holdings in Lockheed Martin by 20.5% in the third quarter. Salomon & Ludwin LLC now owns 106 shares of the aerospace company's stock valued at $62,000 after acquiring an additional 18 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in Lockheed Martin by 67.4% in the third quarter. Nisa Investment Advisors LLC now owns 89,817 shares of the aerospace company's stock valued at $52,503,000 after acquiring an additional 36,157 shares during the last quarter. Autumn Glory Partners LLC lifted its stake in Lockheed Martin by 172.3% during the third quarter. Autumn Glory Partners LLC now owns 2,777 shares of the aerospace company's stock worth $1,623,000 after purchasing an additional 1,757 shares in the last quarter. Orrstown Financial Services Inc. lifted its stake in Lockheed Martin by 69.6% during the third quarter. Orrstown Financial Services Inc. now owns 1,028 shares of the aerospace company's stock worth $601,000 after purchasing an additional 422 shares in the last quarter. Finally, Strategic Wealth Investment Group LLC lifted its stake in Lockheed Martin by 13.5% during the third quarter. Strategic Wealth Investment Group LLC now owns 17,849 shares of the aerospace company's stock worth $10,814,000 after purchasing an additional 2,118 shares in the last quarter. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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 value of $1,421,495.46. Following the completion of the sale, the insider now directly owns 2,000 shares of the company's stock, valued at approximately $884,840. The trade was a 61.63 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Harry Edward Paul III sold 707 shares of Lockheed Martin 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 completion of 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. In the last three months, insiders sold 7,133 shares of company stock valued at $3,155,916. Company insiders own 0.17% of the company's stock.

Wall Street Analysts Forecast Growth

LMT has been the topic of several analyst reports. Royal Bank of Canada reduced their price objective on Lockheed Martin from $570.00 to $550.00 and set an "outperform" rating on the stock in a research note on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft lowered Lockheed Martin from a "buy" rating to a "hold" rating and dropped their target price for the company from $611.00 to $523.00 in a report on Thursday, January 2nd. Morgan Stanley dropped their price objective on Lockheed Martin from $555.00 to $525.00 and set an "equal weight" rating on the stock in a report on Wednesday, January 29th. Barclays lowered their price target on Lockheed Martin from $565.00 to $515.00 and set an "equal weight" rating on the stock in a report on Monday, January 6th. Finally, StockNews.com lowered Lockheed Martin from a "buy" rating to a "hold" rating in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Lockheed Martin currently has a consensus rating of "Moderate Buy" and an average target price of $553.67.

Lockheed Martin Price Performance

Shares of LMT stock traded up $3.73 during midday trading on Friday, reaching $450.19. 1,432,091 shares of the company traded hands, compared to its average volume of 1,574,859. The firm's 50 day simple moving average is $465.79 and its two-hundred day simple moving average is $525.34. Lockheed Martin Co. has a 1-year low of $419.70 and a 1-year high of $618.95. 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 firm has a market cap of $105.97 billion, a PE ratio of 20.22, a price-to-earnings-growth ratio of 2.07 and a beta of 0.48.

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, topping 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%. On average, equities research analysts expect that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be paid a $3.30 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $13.20 annualized dividend and a yield of 2.93%. Lockheed Martin's payout ratio is currently 59.30%.

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.