Intellus Advisors LLC Invests $1.17 Million in Lockheed Martin Co. (NYSE:LMT)

Intellus Advisors LLC bought a new position in Lockheed Martin Co. (NYSE:LMT - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 2,410 shares of the aerospace company's stock, valued at approximately $1,171,000.

Several other hedge funds have also recently made changes to their positions in LMT. Itau Unibanco Holding S.A. bought a new stake in Lockheed Martin in the third quarter worth $26,000. Millstone Evans Group LLC purchased a new stake in shares of Lockheed Martin in the fourth quarter valued at $32,000. Heck Capital Advisors LLC bought a new stake in shares of Lockheed Martin in the 4th quarter worth about $35,000. Legacy Investment Solutions LLC purchased a new position in shares of Lockheed Martin during the 3rd quarter worth about $42,000. Finally, Runnymede Capital Advisors Inc. bought a new position in Lockheed Martin during the 4th quarter valued at about $42,000. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Lockheed Martin Stock Up 1.8 %

Shares of NYSE:LMT traded up $7.65 during trading hours on Tuesday, hitting $442.63. The company's stock had a trading volume of 1,599,605 shares, compared to its average volume of 1,138,119. 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's fifty day moving average price is $459.96 and its 200 day moving average price is $513.50. Lockheed Martin Co. has a 52 week low of $419.70 and a 52 week high of $618.95. The company has a market capitalization of $104.19 billion, a price-to-earnings ratio of 19.88, a P/E/G ratio of 2.07 and a beta of 0.43.

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Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 EPS 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%. As a group, research analysts expect that Lockheed Martin Co. will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date is Monday, March 3rd. Lockheed Martin's payout ratio is currently 59.30%.

Analysts Set New Price Targets

LMT has been the subject of several analyst reports. Susquehanna decreased their price objective on shares of Lockheed Martin from $590.00 to $550.00 and set a "positive" rating for the company in a research note on Wednesday, January 29th. StockNews.com raised Lockheed Martin from a "hold" rating to a "buy" rating in a research note on Monday. Morgan Stanley cut their price objective on Lockheed Martin from $555.00 to $525.00 and set an "equal weight" rating on the stock in a research report on Wednesday, January 29th. Royal Bank of Canada reduced their target price 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. Finally, Wells Fargo & Company restated an "equal weight" rating on shares of Lockheed Martin in a report on Monday, March 10th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $544.20.

Insider Buying and Selling at Lockheed Martin

In other news, VP Harry Edward Paul III sold 707 shares of the firm's stock in a transaction dated 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 directly owns 2,278 shares in the company, valued at approximately $1,008,265.58. This trade represents a 23.69 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of Lockheed Martin stock in a transaction that occurred on Wednesday, February 26th. The stock was 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 in the company, valued at approximately $884,840. The trade was a 61.63 % 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. Insiders own 0.17% of the company's stock.

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.