Loomis Sayles & Co. L P Acquires 2,335 Shares of Lockheed Martin Co. (NYSE:LMT)

Loomis Sayles & Co. L P lifted its position in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 14.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,548 shares of the aerospace company's stock after buying an additional 2,335 shares during the quarter. Loomis Sayles & Co. L P's holdings in Lockheed Martin were worth $9,014,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Itau Unibanco Holding S.A. bought a new position in shares of Lockheed Martin in the 3rd quarter worth about $26,000. Millstone Evans Group LLC acquired a new stake in Lockheed Martin during the fourth quarter worth approximately $32,000. Mizuho Securities Co. Ltd. bought a new stake in Lockheed Martin in the fourth quarter worth approximately $34,000. Heck Capital Advisors LLC acquired a new position in Lockheed Martin in the fourth quarter valued at approximately $35,000. Finally, Legacy Investment Solutions LLC acquired a new stake in Lockheed Martin in the third quarter worth $42,000. Institutional investors own 74.19% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on LMT shares. Wells Fargo & Company reissued an "equal weight" rating on shares of Lockheed Martin in a research report on Monday, March 10th. Bank of America cut Lockheed Martin from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $685.00 to $485.00 in a research note on Monday, March 24th. Barclays lowered their target price on Lockheed Martin from $565.00 to $515.00 and set an "equal weight" rating on the stock in a research report on Monday, January 6th. JPMorgan Chase & Co. reduced their price target on shares of Lockheed Martin from $540.00 to $535.00 and set an "overweight" rating for the company in a research report on Thursday, January 30th. Finally, Morgan Stanley lowered their price objective 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. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $539.53.

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Insider Activity at Lockheed Martin

In other 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 transaction, the vice president now owns 2,278 shares of the company's stock, valued at $1,008,265.58. This represents a 23.69 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $442.42, for a total value of $1,421,495.46. Following the transaction, the insider now owns 2,000 shares of the company's stock, valued at $884,840. The trade was a 61.63 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,133 shares of company stock worth $3,155,916. 0.17% of the stock is owned by company insiders.

Lockheed Martin Stock Up 1.2 %

NYSE:LMT traded up $5.32 on Monday, hitting $446.81. The stock had a trading volume of 1,689,946 shares, compared to its average volume of 1,208,496. Lockheed Martin Co. has a 1 year low of $419.70 and a 1 year high of $618.95. The firm's fifty day simple moving average is $456.49 and its two-hundred day simple moving average is $509.90. 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 stock has a market cap of $105.17 billion, a P/E ratio of 20.07, a price-to-earnings-growth ratio of 2.07 and a beta of 0.43.

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 return on equity of 101.47% and a net margin of 7.51%. Analysts predict that Lockheed Martin Co. will post 27.15 earnings per share for the current year.

Lockheed Martin Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 3rd were issued a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date was Monday, March 3rd. Lockheed Martin's dividend payout ratio (DPR) is currently 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.