Frederick Financial Consultants LLC Takes Position in Lockheed Martin Co. (NYSE:LMT)

Frederick Financial Consultants LLC bought a new position in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,048 shares of the aerospace company's stock, valued at approximately $1,481,000. Lockheed Martin accounts for 1.2% of Frederick Financial Consultants LLC's holdings, making the stock its 21st biggest holding.

A number of other hedge funds have also recently added to or reduced their stakes in LMT. Commerce Bank grew its stake in Lockheed Martin by 7.6% during the fourth quarter. Commerce Bank now owns 176,013 shares of the aerospace company's stock worth $85,532,000 after buying an additional 12,483 shares during the period. Alexis Investment Partners LLC acquired a new position in shares of Lockheed Martin during the 4th quarter valued at $230,000. Fairfield Bush & CO. boosted its position in Lockheed Martin by 5.7% during the 4th quarter. Fairfield Bush & CO. now owns 1,712 shares of the aerospace company's stock worth $832,000 after purchasing an additional 92 shares during the period. Ally Financial Inc. acquired a new stake in Lockheed Martin in the 4th quarter valued at $1,458,000. Finally, First Commonwealth Financial Corp PA lifted its stake in shares of Lockheed Martin by 6.0% during the fourth quarter. First Commonwealth Financial Corp PA now owns 1,685 shares of the aerospace company's stock worth $819,000 after purchasing an additional 96 shares in the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Lockheed Martin

In related 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 value of $312,925.27. Following the transaction, the vice president now owns 2,278 shares of the company's stock, valued at approximately $1,008,265.58. This trade represents a 23.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 transaction of $1,421,495.46. Following the sale, the insider now directly owns 2,000 shares of the company's stock, valued at $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 ninety days, insiders sold 7,133 shares of company stock valued at $3,155,916. 0.14% of the stock is owned by corporate insiders.

Lockheed Martin Stock Performance

Shares of Lockheed Martin stock traded up $2.45 during trading on Tuesday, hitting $460.78. 1,772,041 shares of the stock were exchanged, compared to its average volume of 1,248,411. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13. The stock's fifty day moving average is $452.57 and its 200 day moving average is $494.72. The stock has a market cap of $108.09 billion, a PE ratio of 20.79, a P/E/G ratio of 2.07 and a beta of 0.39. Lockheed Martin Co. has a 12 month low of $418.88 and a 12 month high of $618.95.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 EPS for the quarter, beating the consensus estimate of $6.34 by $0.94. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. The firm had revenue of $17.96 billion for the quarter, compared to analysts' expectations of $17.83 billion. As a group, sell-side analysts anticipate that Lockheed Martin Co. will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 3rd were given a $3.30 dividend. The ex-dividend date was Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a yield of 2.86%. Lockheed Martin's dividend payout ratio (DPR) is 59.30%.

Analyst Ratings Changes

Several research firms recently commented on LMT. Melius lowered Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Monday, March 24th. JPMorgan Chase & Co. lowered their price target on shares of Lockheed Martin from $540.00 to $535.00 and set an "overweight" rating for the company in a report on Thursday, January 30th. Citigroup decreased their price objective on shares of Lockheed Martin from $700.00 to $600.00 and set a "buy" rating for the company in a research report on Tuesday, January 21st. Melius Research downgraded Lockheed Martin from a "strong-buy" rating to a "hold" rating in a report on Monday, March 24th. Finally, Royal Bank of Canada lowered 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 report on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $539.93.

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.