Lockheed Martin Co. (NYSE:LMT) Shares Purchased by Keystone Financial Group

Keystone Financial Group grew its position in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 108.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,589 shares of the aerospace company's stock after buying an additional 1,345 shares during the quarter. Keystone Financial Group's holdings in Lockheed Martin were worth $1,199,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Proficio Capital Partners LLC boosted its stake in Lockheed Martin by 53,784.3% during the 4th quarter. Proficio Capital Partners LLC now owns 1,235,568 shares of the aerospace company's stock worth $600,412,000 after acquiring an additional 1,233,275 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Lockheed Martin by 17.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,471,071 shares of the aerospace company's stock worth $3,630,492,000 after buying an additional 1,132,461 shares during the last quarter. Van ECK Associates Corp grew its holdings in Lockheed Martin by 1,239.6% during the fourth quarter. Van ECK Associates Corp now owns 548,237 shares of the aerospace company's stock worth $266,410,000 after purchasing an additional 507,312 shares during the period. Invesco Ltd. raised its holdings in Lockheed Martin by 17.5% in the 4th quarter. Invesco Ltd. now owns 2,131,928 shares of the aerospace company's stock valued at $1,035,989,000 after acquiring an additional 318,007 shares during the period. Finally, Strategic Financial Concepts LLC acquired a new position in shares of Lockheed Martin in the fourth quarter valued at about $77,376,000. Institutional investors own 74.19% of the company's stock.

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Lockheed Martin Stock Performance

LMT traded down $3.08 during trading on Tuesday, hitting $472.26. The company's stock had a trading volume of 95,903 shares, compared to its average volume of 1,234,709. Lockheed Martin Co. has a one year low of $418.88 and a one year high of $618.95. The business's 50 day simple moving average is $450.55 and its 200-day simple moving average is $499.42. The firm has a market cap of $110.78 billion, a PE ratio of 21.21, a P/E/G ratio of 2.07 and a beta of 0.39. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its quarterly earnings data 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 return on equity of 101.47% and a net margin of 7.51%. As a group, sell-side analysts predict that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 3rd were paid a $3.30 dividend. This represents a $13.20 annualized dividend and a yield of 2.80%. The ex-dividend date was Monday, March 3rd. Lockheed Martin's payout ratio is currently 59.30%.

Insider Transactions at Lockheed Martin

In related news, VP Harry Edward Paul III sold 707 shares of the company'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 directly owns 2,278 shares in the company, valued at $1,008,265.58. This represents a 23.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the business's stock in a transaction dated 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 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. Over the last ninety days, insiders have sold 7,133 shares of company stock worth $3,155,916. Insiders own 0.17% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on LMT. Bank of America lowered Lockheed Martin from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $685.00 to $485.00 in a report on Monday, March 24th. Barclays lowered their price target 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 research note on Tuesday, April 1st. JPMorgan Chase & Co. cut their price target on Lockheed Martin from $540.00 to $535.00 and set an "overweight" rating on the stock in a report on Thursday, January 30th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Lockheed Martin from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $611.00 to $523.00 in a report on Thursday, January 2nd. One analyst has rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $536.60.

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.