Independent Advisor Alliance Buys 879 Shares of Lockheed Martin Co. (NYSE:LMT)

Independent Advisor Alliance lifted its position in Lockheed Martin Co. (NYSE:LMT - Free Report) by 4.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 22,036 shares of the aerospace company's stock after buying an additional 879 shares during the period. Independent Advisor Alliance's holdings in Lockheed Martin were worth $10,708,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in LMT. Itau Unibanco Holding S.A. bought a new stake in shares of Lockheed Martin in the 3rd quarter worth $26,000. Capital Performance Advisors LLP purchased a new stake in shares of Lockheed Martin during the third quarter valued at $40,000. Heck Capital Advisors LLC bought a new stake in Lockheed Martin in the 4th quarter worth about $35,000. Legacy Investment Solutions LLC bought a new stake in Lockheed Martin in the 3rd quarter worth about $42,000. Finally, Sugar Maple Asset Management LLC purchased a new position in Lockheed Martin in the 4th quarter worth about $47,000. Hedge funds and other institutional investors own 74.19% of the company's stock.

Lockheed Martin Price Performance

NYSE:LMT traded down $9.77 during trading hours on Tuesday, hitting $469.40. 1,456,763 shares of the stock traded hands, compared to its average volume of 1,120,436. The company has a market cap of $110.49 billion, a price-to-earnings ratio of 21.09, a price-to-earnings-growth ratio of 2.07 and a beta of 0.43. Lockheed Martin Co. has a 1 year low of $419.70 and a 1 year high of $618.95. The stock has a 50 day moving average price of $462.46 and a 200 day moving average price of $520.20. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10.

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Lockheed Martin (NYSE:LMT - Get Free Report) last released its earnings results 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%. Sell-side analysts forecast that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be given a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a dividend yield of 2.81%. The ex-dividend date of this dividend is Monday, March 3rd. Lockheed Martin's dividend payout ratio is currently 59.30%.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. JPMorgan Chase & Co. reduced their price target on shares of Lockheed Martin from $540.00 to $535.00 and set an "overweight" rating for the company in a research note on Thursday, January 30th. UBS Group cut 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 report on Wednesday, January 29th. Susquehanna dropped their price target 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. Barclays cut their price objective on Lockheed Martin from $565.00 to $515.00 and set an "equal weight" rating for the company in a report on Monday, January 6th. Finally, Morgan Stanley lowered their target price 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. One research analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $554.20.

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 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 transaction, the insider now directly owns 2,000 shares of the company's stock, valued at approximately $884,840. This trade represents a 61.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Harry Edward Paul III sold 707 shares of the business's stock in a transaction 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 owns 2,278 shares in the company, valued at approximately $1,008,265.58. The trade was a 23.69 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,133 shares of company stock valued at $3,155,916. 0.17% of the stock is owned by company insiders.

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.