Headlands Technologies LLC Increases Holdings in Lockheed Martin Co. (NYSE:LMT)

Headlands Technologies LLC raised its holdings in Lockheed Martin Co. (NYSE:LMT - Free Report) by 448.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,656 shares of the aerospace company's stock after acquiring an additional 9,530 shares during the quarter. Lockheed Martin accounts for about 0.6% of Headlands Technologies LLC's portfolio, making the stock its 25th biggest holding. Headlands Technologies LLC's holdings in Lockheed Martin were worth $5,664,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Arete Wealth Advisors LLC acquired a new stake in shares of Lockheed Martin during the third quarter valued at approximately $1,840,000. Edgestream Partners L.P. grew its stake in Lockheed Martin by 15.7% during the 3rd quarter. Edgestream Partners L.P. now owns 3,667 shares of the aerospace company's stock valued at $2,144,000 after acquiring an additional 497 shares in the last quarter. Erste Asset Management GmbH acquired a new position in shares of Lockheed Martin in the third quarter worth $82,000. Alerus Financial NA bought a new stake in shares of Lockheed Martin in the 3rd quarter valued at approximately $202,000. Finally, Kestra Investment Management LLC bought a new stake in Lockheed Martin in the third quarter worth approximately $498,000. Institutional investors own 74.19% of the company's stock.

Insider Transactions at Lockheed Martin

In related news, VP Harry Edward Paul III sold 707 shares of the business's 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 completion of the sale, the vice president now owns 2,278 shares of the company's stock, valued at approximately $1,008,265.58. The trade was a 23.69 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the stock in a transaction 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 transaction, the insider now directly owns 2,000 shares in the company, valued at approximately $884,840. The trade was a 61.63 % decrease in their ownership of the stock. 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 90 days. 0.17% of the stock is currently owned by company insiders.

Remove Ads

Analyst Upgrades and Downgrades

Several analysts recently issued reports on LMT shares. Barclays decreased their price objective on shares of Lockheed Martin from $565.00 to $515.00 and set an "equal weight" rating for the company in a report on Monday, January 6th. StockNews.com lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating in a report on Tuesday. Bank of America downgraded Lockheed Martin from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $685.00 to $485.00 in a report on Monday, March 24th. Royal Bank of Canada lowered Lockheed Martin from an "outperform" rating to a "sector perform" rating and lowered their price target for the stock from $550.00 to $480.00 in a research report on Thursday, March 27th. Finally, Melius downgraded shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Monday, March 24th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $539.53.

Lockheed Martin Trading Up 1.0 %

Shares of NYSE LMT traded up $4.28 during midday trading on Wednesday, hitting $452.92. The company's stock had a trading volume of 1,268,982 shares, compared to its average volume of 1,210,031. The business's 50 day moving average is $454.45 and its two-hundred day moving average is $508.19. Lockheed Martin Co. has a 12-month low of $419.70 and a 12-month high of $618.95. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10. The firm has a market cap of $106.61 billion, a P/E ratio of 20.35, a price-to-earnings-growth ratio of 2.07 and a beta of 0.43.

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

Lockheed Martin Dividend Announcement

The firm 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 2.91%. The ex-dividend date was Monday, March 3rd. Lockheed Martin's dividend payout ratio (DPR) is currently 59.30%.

Lockheed Martin Company 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.