Demars Financial Group LLC Purchases 432,423 Shares of Lockheed Martin Co. (NYSE:LMT)

Demars Financial Group LLC raised its position in Lockheed Martin Co. (NYSE:LMT - Free Report) by 47,002.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 433,343 shares of the aerospace company's stock after acquiring an additional 432,423 shares during the quarter. Lockheed Martin makes up approximately 0.7% of Demars Financial Group LLC's portfolio, making the stock its 20th biggest position. Demars Financial Group LLC owned 0.18% of Lockheed Martin worth $210,579,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. MSH Capital Advisors LLC purchased a new stake in Lockheed Martin during the 4th quarter worth about $261,000. Marshall Wace LLP grew its holdings in shares of Lockheed Martin by 37.6% during the fourth quarter. Marshall Wace LLP now owns 478,105 shares of the aerospace company's stock worth $232,330,000 after buying an additional 130,726 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in shares of Lockheed Martin by 6.6% in the fourth quarter. NewEdge Advisors LLC now owns 35,889 shares of the aerospace company's stock valued at $17,440,000 after acquiring an additional 2,210 shares in the last quarter. Resurgent Financial Advisors LLC lifted its position in Lockheed Martin by 5.1% in the fourth quarter. Resurgent Financial Advisors LLC now owns 1,365 shares of the aerospace company's stock valued at $663,000 after purchasing an additional 66 shares during the period. Finally, Insigneo Advisory Services LLC raised its stake in shares of Lockheed Martin by 1.9% during the 4th quarter. Insigneo Advisory Services LLC now owns 3,928 shares of the aerospace company's stock worth $1,909,000 after buying an additional 74 shares in the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Price Performance

Shares of NYSE LMT traded down $9.51 during trading on Monday, hitting $454.57. The company had a trading volume of 431,782 shares, compared to its average volume of 1,241,767. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13. The company has a market cap of $106.63 billion, a P/E ratio of 20.42, a PEG ratio of 2.07 and a beta of 0.39. The business's 50-day moving average is $452.24 and its 200 day moving average is $495.75. Lockheed Martin Co. has a 52 week low of $418.88 and a 52 week high of $618.95.

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 the consensus estimate of $6.58 by $1.09. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. Equities research analysts predict that Lockheed Martin Co. will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 3rd were issued a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a dividend yield of 2.90%. The ex-dividend date of this dividend was Monday, March 3rd. Lockheed Martin's dividend payout ratio is currently 59.30%.

Insiders Place Their Bets

In other news, VP Harry Edward Paul III sold 707 shares of Lockheed Martin stock in a transaction that occurred 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 approximately $1,008,265.58. This trade represents a 23.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the business's 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 owns 2,000 shares of the company's stock, valued at $884,840. This trade represents a 61.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,133 shares of company stock valued at $3,155,916 in the last quarter. Insiders own 0.14% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Royal Bank of Canada cut shares of Lockheed Martin from an "outperform" rating to a "sector perform" rating and lowered their price target for the stock from $550.00 to $480.00 in a research note on Thursday, March 27th. Melius cut Lockheed Martin from a "buy" rating to a "hold" rating in a report on Monday, March 24th. JPMorgan Chase & Co. lowered their price objective on shares of Lockheed Martin from $540.00 to $535.00 and set an "overweight" rating on the stock in a research note on Thursday, January 30th. Deutsche Bank Aktiengesellschaft downgraded Lockheed Martin from a "buy" rating to a "hold" rating and dropped their price target for the stock from $611.00 to $523.00 in a research report on Thursday, January 2nd. Finally, 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 research report on Wednesday, April 16th. One analyst has rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $539.93.

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.