Landing Point Financial Group LLC Makes New Investment in Lockheed Martin Co. (NYSE:LMT)

Landing Point Financial Group LLC purchased a new stake in Lockheed Martin Co. (NYSE:LMT - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 570 shares of the aerospace company's stock, valued at approximately $277,000.

Several other large investors have also modified their holdings of the business. MetLife Investment Management LLC boosted its stake in shares of Lockheed Martin by 0.9% in the fourth quarter. MetLife Investment Management LLC now owns 58,815 shares of the aerospace company's stock valued at $28,581,000 after purchasing an additional 515 shares during the period. Norinchukin Bank The boosted its position in Lockheed Martin by 11.3% in the 4th quarter. Norinchukin Bank The now owns 10,114 shares of the aerospace company's stock valued at $4,915,000 after buying an additional 1,025 shares during the period. Capital International Inc. CA grew its stake in shares of Lockheed Martin by 26.7% in the fourth quarter. Capital International Inc. CA now owns 4,164 shares of the aerospace company's stock worth $2,023,000 after acquiring an additional 878 shares in the last quarter. Capital Research Global Investors acquired a new stake in shares of Lockheed Martin in the fourth quarter valued at $229,987,000. Finally, Dimensional Fund Advisors LP grew its stake in Lockheed Martin by 5.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,274,580 shares of the aerospace company's stock worth $619,369,000 after purchasing an additional 70,516 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Susquehanna lowered their price objective on Lockheed Martin from $590.00 to $550.00 and set a "positive" rating for the company in a research report on Wednesday, January 29th. Bank of America downgraded shares of Lockheed Martin from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $685.00 to $485.00 in a research report on Monday, March 24th. UBS Group dropped their target price on Lockheed Martin from $527.00 to $508.00 and set a "neutral" rating on the stock in a report on Wednesday, January 29th. Morgan Stanley upgraded Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 price objective on the stock in a report on Wednesday. Finally, Barclays dropped their price target on shares of Lockheed Martin from $565.00 to $515.00 and set an "equal weight" rating on the stock in a research note on Monday, January 6th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $539.93.

Lockheed Martin Stock Down 2.8 %

LMT opened at $463.80 on Friday. The business has a 50-day moving average of $452.24 and a two-hundred day moving average of $496.52. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95. Lockheed Martin Co. has a 12 month low of $418.88 and a 12 month high of $618.95. The stock has a market capitalization of $108.79 billion, a price-to-earnings ratio of 20.84, a price-to-earnings-growth ratio of 2.07 and a beta of 0.39.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, topping 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%. On average, research analysts expect that Lockheed Martin Co. will post 27.15 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The firm 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. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date of this dividend was Monday, March 3rd. Lockheed Martin's payout ratio is 59.30%.

Insider Activity at Lockheed Martin

In other Lockheed Martin news, VP Harry Edward Paul III sold 707 shares of Lockheed Martin 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 sale, the vice president now owns 2,278 shares of the company's stock, valued at $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 is available at 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 value of $1,421,495.46. Following the transaction, the insider now directly owns 2,000 shares of the company's stock, 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 valued at $3,155,916 over the last ninety days. Corporate insiders own 0.14% of the company's stock.

Lockheed Martin 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.

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