O Shaughnessy Asset Management LLC Increases Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

O Shaughnessy Asset Management LLC boosted its position in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 6.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 151,696 shares of the aerospace company's stock after buying an additional 8,763 shares during the period. Lockheed Martin makes up approximately 0.6% of O Shaughnessy Asset Management LLC's investment portfolio, making the stock its 24th largest position. O Shaughnessy Asset Management LLC owned about 0.06% of Lockheed Martin worth $73,715,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Bcwm LLC acquired a new position in shares of Lockheed Martin during the 4th quarter worth $8,427,000. Walled Lake Planning & Wealth Management LLC grew its position in Lockheed Martin by 1.3% in the fourth quarter. Walled Lake Planning & Wealth Management LLC now owns 15,849 shares of the aerospace company's stock valued at $7,702,000 after acquiring an additional 209 shares during the last quarter. Brandywine Global Investment Management LLC raised its stake in Lockheed Martin by 1.0% during the fourth quarter. Brandywine Global Investment Management LLC now owns 329,672 shares of the aerospace company's stock worth $160,201,000 after acquiring an additional 3,345 shares in the last quarter. Life Planning Partners Inc bought a new position in shares of Lockheed Martin in the fourth quarter worth about $4,867,000. Finally, RWA Wealth Partners LLC boosted its stake in shares of Lockheed Martin by 2.0% in the 4th quarter. RWA Wealth Partners LLC now owns 41,960 shares of the aerospace company's stock valued at $20,390,000 after purchasing an additional 808 shares in the last quarter. 74.19% of the stock is owned by institutional investors.

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Lockheed Martin Trading Up 1.0 %

Shares of NYSE LMT traded up $4.32 during midday trading on Wednesday, reaching $452.96. The stock had a trading volume of 624,281 shares, compared to its average volume of 1,638,717. Lockheed Martin Co. has a twelve month low of $419.70 and a twelve month high of $618.95. 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's 50 day moving average price is $454.45 and its 200 day moving average price is $508.19. The firm has a market cap of $106.62 billion, a price-to-earnings ratio of 20.35, 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. As a group, sell-side analysts expect that Lockheed Martin Co. will post 27.15 EPS 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 paid a $3.30 dividend. This represents a $13.20 annualized dividend and a yield of 2.91%. The ex-dividend date of this dividend was Monday, March 3rd. Lockheed Martin's dividend payout ratio (DPR) is currently 59.30%.

Insider Activity

In other news, 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 sale, the insider now owns 2,000 shares in the company, valued at $884,840. The trade was a 61.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Harry Edward Paul III sold 707 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $442.61, for a total value of $312,925.27. Following the completion of the transaction, the vice president now owns 2,278 shares in the company, valued at approximately $1,008,265.58. This represents a 23.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,133 shares of company stock worth $3,155,916. Company insiders own 0.17% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on LMT. Deutsche Bank Aktiengesellschaft cut shares of Lockheed Martin from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $611.00 to $523.00 in a research report on Thursday, January 2nd. Barclays lowered their price target on shares of Lockheed Martin from $565.00 to $515.00 and set an "equal weight" rating for the company in a report on Monday, January 6th. Melius downgraded Lockheed Martin from a "buy" rating to a "hold" rating in a report on Monday, March 24th. Melius Research cut Lockheed Martin from a "strong-buy" rating to a "hold" rating in a report on Monday, March 24th. Finally, Bank of America downgraded Lockheed Martin from a "buy" rating to a "neutral" rating and dropped their target price for the company from $685.00 to $485.00 in a research report on Monday, March 24th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $539.53.

Lockheed Martin Company 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.