LaSalle St. Investment Advisors LLC Raises Position in Lockheed Martin Co. (NYSE:LMT)

LaSalle St. Investment Advisors LLC boosted its position in Lockheed Martin Co. (NYSE:LMT - Free Report) by 519.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 4,982 shares of the aerospace company's stock after acquiring an additional 4,178 shares during the period. Lockheed Martin accounts for approximately 0.7% of LaSalle St. Investment Advisors LLC's portfolio, making the stock its 21st largest holding. LaSalle St. Investment Advisors LLC's holdings in Lockheed Martin were worth $2,421,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in LMT. CFS Investment Advisory Services LLC lifted its stake in shares of Lockheed Martin by 2.0% during the 4th quarter. CFS Investment Advisory Services LLC now owns 1,091 shares of the aerospace company's stock valued at $530,000 after buying an additional 21 shares in the last quarter. Wynn Capital LLC lifted its position in shares of Lockheed Martin by 1.0% during the fourth quarter. Wynn Capital LLC now owns 2,185 shares of the aerospace company's stock worth $1,062,000 after acquiring an additional 22 shares in the last quarter. PBMares Wealth Management LLC lifted its position in shares of Lockheed Martin by 0.6% during the fourth quarter. PBMares Wealth Management LLC now owns 3,745 shares of the aerospace company's stock worth $1,820,000 after acquiring an additional 22 shares in the last quarter. Nvwm LLC boosted its holdings in shares of Lockheed Martin by 2.5% in the fourth quarter. Nvwm LLC now owns 908 shares of the aerospace company's stock worth $441,000 after acquiring an additional 22 shares during the period. Finally, Schear Investment Advisers LLC grew its position in shares of Lockheed Martin by 2.0% in the fourth quarter. Schear Investment Advisers LLC now owns 1,147 shares of the aerospace company's stock valued at $557,000 after purchasing an additional 22 shares in the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

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Insiders Place Their Bets

In related news, VP Harry Edward Paul III sold 707 shares of Lockheed Martin 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 transaction, the vice president now directly owns 2,278 shares of the company's stock, valued at $1,008,265.58. The trade was a 23.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the company'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 sale, 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. Insiders sold 7,133 shares of company stock valued at $3,155,916 over the last three months. Insiders own 0.17% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on LMT. Melius cut Lockheed Martin from a "buy" rating to a "hold" rating in a report on Monday, March 24th. StockNews.com lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Tuesday, April 1st. Morgan Stanley decreased their target price on shares of Lockheed Martin from $555.00 to $525.00 and set an "equal weight" rating on the stock in a report on Wednesday, January 29th. Bank of America downgraded shares of Lockheed Martin from a "buy" rating to a "neutral" rating and cut their price target for the company from $685.00 to $485.00 in a report on Monday, March 24th. Finally, Royal Bank of Canada cut shares of Lockheed Martin from an "outperform" rating to a "sector perform" rating and decreased their price target for the stock from $550.00 to $480.00 in a report on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Lockheed Martin presently has a consensus rating of "Hold" and an average target price of $536.60.

Lockheed Martin Price Performance

Shares of LMT traded up $0.54 during midday trading on Monday, reaching $475.44. The stock had a trading volume of 1,079,090 shares, compared to its average volume of 1,238,997. The company has a market capitalization of $111.53 billion, a price-to-earnings ratio of 21.36, a price-to-earnings-growth ratio of 2.07 and a beta of 0.39. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10. Lockheed Martin Co. has a 12-month low of $418.88 and a 12-month high of $618.95. The company's 50-day moving average is $450.55 and its 200 day moving average is $499.42.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 EPS 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%. On average, equities analysts predict 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 was paid on Friday, March 28th. Investors of record on Monday, March 3rd were given a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date of this dividend was Monday, March 3rd. Lockheed Martin's payout ratio is presently 59.30%.

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.