Lockheed Martin Co. (NYSE:LMT) Shares Bought by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC raised its holdings in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 11.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 17,787 shares of the aerospace company's stock after purchasing an additional 1,833 shares during the period. Orion Portfolio Solutions LLC's holdings in Lockheed Martin were worth $8,643,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Fisher Asset Management LLC boosted its stake in shares of Lockheed Martin by 0.9% in the 3rd quarter. Fisher Asset Management LLC now owns 6,742 shares of the aerospace company's stock worth $3,941,000 after buying an additional 61 shares during the last quarter. Freedom Investment Management Inc. increased its position in shares of Lockheed Martin by 16.7% during the 3rd quarter. Freedom Investment Management Inc. now owns 754 shares of the aerospace company's stock valued at $441,000 after purchasing an additional 108 shares during the last quarter. Fiduciary Trust Co boosted its holdings in shares of Lockheed Martin by 2.0% in the third quarter. Fiduciary Trust Co now owns 11,781 shares of the aerospace company's stock worth $6,887,000 after buying an additional 229 shares during the last quarter. Vinva Investment Management Ltd grew its position in Lockheed Martin by 3.0% during the third quarter. Vinva Investment Management Ltd now owns 656 shares of the aerospace company's stock valued at $382,000 after buying an additional 19 shares during the period. Finally, Carl P. Sherr & Co. LLC increased its holdings in Lockheed Martin by 113.7% during the third quarter. Carl P. Sherr & Co. LLC now owns 1,423 shares of the aerospace company's stock valued at $832,000 after buying an additional 757 shares during the last quarter. Institutional investors own 74.19% of the company's stock.

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Lockheed Martin Stock Up 0.5 %

Shares of NYSE LMT traded up $2.39 during mid-day trading on Tuesday, reaching $449.10. 332,806 shares of the company were exchanged, compared to its average volume of 1,643,926. Lockheed Martin Co. has a 1 year low of $419.70 and a 1 year high of $618.95. The firm has a 50-day moving average of $455.61 and a 200 day moving average of $509.05. The stock has a market cap of $105.71 billion, a price-to-earnings ratio of 20.18, a P/E/G ratio of 2.07 and a beta of 0.43. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10.

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

Lockheed Martin Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 3rd were given a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date of this dividend was Monday, March 3rd. Lockheed Martin's payout ratio is presently 59.30%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on LMT. Wells Fargo & Company reiterated an "equal weight" rating on shares of Lockheed Martin in a research report on Monday, March 10th. Deutsche Bank Aktiengesellschaft lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating and reduced their target price for the stock from $611.00 to $523.00 in a report on Thursday, January 2nd. JPMorgan Chase & Co. dropped 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. Susquehanna decreased their price objective on shares of Lockheed Martin from $590.00 to $550.00 and set a "positive" rating on the stock in a research report on Wednesday, January 29th. Finally, Melius Research downgraded shares of Lockheed Martin from a "strong-buy" rating to a "hold" rating in a report on Monday, March 24th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Lockheed Martin currently has a consensus rating of "Hold" and an average price target of $539.53.

Insider Activity

In related news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of Lockheed Martin stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $442.42, for a total value of $1,421,495.46. Following the completion of the sale, the insider now directly owns 2,000 shares in the company, valued at $884,840. This trade represents a 61.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Harry Edward Paul III sold 707 shares of the firm'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 completion of the transaction, the vice president now directly owns 2,278 shares of the company's stock, valued at approximately $1,008,265.58. This represents a 23.69 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,133 shares of company stock worth $3,155,916. Insiders own 0.17% of the company's stock.

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.