Mariner LLC Grows Position in Lockheed Martin Co. (NYSE:LMT)

Mariner LLC grew its position in Lockheed Martin Co. (NYSE:LMT - Free Report) by 25.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 121,804 shares of the aerospace company's stock after purchasing an additional 24,710 shares during the quarter. Mariner LLC owned approximately 0.05% of Lockheed Martin worth $59,188,000 at the end of the most recent reporting period.

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

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Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft cut shares of Lockheed Martin from a "buy" rating to a "hold" rating and decreased their price target for the stock from $611.00 to $523.00 in a research note on Thursday, January 2nd. Melius lowered Lockheed Martin from a "buy" rating to a "hold" rating in a report on Monday, March 24th. Wells Fargo & Company reduced their price objective on Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Morgan Stanley raised Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 price objective for the company in a research report on Wednesday. Finally, Royal Bank of Canada cut Lockheed Martin from an "outperform" rating to a "sector perform" rating and cut their price target for the stock from $550.00 to $480.00 in a research note on Thursday, March 27th. One analyst has rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $539.93.

Insider Transactions at Lockheed Martin

In other Lockheed Martin news, VP Harry Edward Paul III sold 707 shares of Lockheed Martin stock in a transaction that occurred 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 completion of the sale, the vice president now directly owns 2,278 shares of the company's stock, valued at approximately $1,008,265.58. The trade was a 23.69 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 directly owns 2,000 shares in the company, valued at approximately $884,840. This 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 over the last three months. 0.17% of the stock is currently owned by insiders.

Lockheed Martin Price Performance

LMT traded up $7.67 during trading on Wednesday, reaching $477.25. 1,529,702 shares of the stock were exchanged, compared to its average volume of 1,234,458. The company has a market capitalization of $111.95 billion, a price-to-earnings ratio of 21.44, a P/E/G ratio of 2.07 and a beta of 0.39. 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 1 year low of $418.88 and a 1 year high of $618.95. The business's 50 day moving average price is $450.97 and its two-hundred day moving average price is $499.22.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share 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%. As a group, equities research analysts anticipate that Lockheed Martin Co. will post 27.15 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 3rd were given a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a yield of 2.77%. The ex-dividend date was Monday, March 3rd. Lockheed Martin's payout ratio is 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.