RiverFront Investment Group LLC Purchases Shares of 588 Lockheed Martin Co. (NYSE:LMT)

RiverFront Investment Group LLC purchased a new position in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 588 shares of the aerospace company's stock, valued at approximately $286,000.

Several other large investors also recently bought and sold shares of the company. Level Four Advisory Services LLC grew its position in Lockheed Martin by 2.2% in the 4th quarter. Level Four Advisory Services LLC now owns 20,378 shares of the aerospace company's stock worth $9,903,000 after purchasing an additional 433 shares during the last quarter. Slagle Financial LLC increased its position in Lockheed Martin by 7.5% in the 4th quarter. Slagle Financial LLC now owns 6,447 shares of the aerospace company's stock valued at $3,133,000 after acquiring an additional 448 shares during the period. denkapparat Operations GmbH acquired a new position in Lockheed Martin during the 4th quarter worth $697,000. Orion Portfolio Solutions LLC lifted its holdings in Lockheed Martin by 11.5% in the fourth quarter. Orion Portfolio Solutions LLC now owns 17,787 shares of the aerospace company's stock worth $8,643,000 after purchasing an additional 1,833 shares during the period. Finally, Tepp RIA LLC acquired a new stake in shares of Lockheed Martin in the fourth quarter valued at $358,000. Institutional investors and hedge funds own 74.19% of the company's stock.

Analyst Ratings Changes

LMT has been the subject of a number of analyst reports. Royal Bank of Canada downgraded shares of Lockheed Martin from an "outperform" rating to a "sector perform" rating and reduced their price objective for the stock from $550.00 to $480.00 in a report on Thursday, March 27th. Deutsche Bank Aktiengesellschaft lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating and lowered their price target for the stock from $611.00 to $523.00 in a report on Thursday, January 2nd. UBS Group lowered their price objective on Lockheed Martin from $527.00 to $508.00 and set a "neutral" rating for the company in a research report on Wednesday, January 29th. StockNews.com lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Tuesday. Finally, Morgan Stanley cut their target price on Lockheed Martin from $555.00 to $525.00 and set an "equal weight" rating on the stock in a research note on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Lockheed Martin has an average rating of "Hold" and an average target price of $539.53.

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Lockheed Martin Trading Up 1.0 %

Shares of LMT stock traded up $4.61 during trading hours on Wednesday, hitting $453.25. The company had a trading volume of 387,693 shares, compared to its average volume of 1,206,623. The company's fifty day moving average is $454.45 and its 200 day moving average is $508.19. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95. The stock has a market capitalization of $106.69 billion, a PE ratio of 20.35, a price-to-earnings-growth ratio of 2.07 and a beta of 0.43. Lockheed Martin Co. has a fifty-two week low of $419.70 and a fifty-two week high of $618.95.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, topping 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%. Research analysts expect that Lockheed Martin Co. will post 27.15 earnings per share for the current fiscal 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 issued a $3.30 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $13.20 annualized dividend and a dividend yield of 2.91%. Lockheed Martin's dividend payout ratio is currently 59.30%.

Insiders Place Their Bets

In other news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the company'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 value of $1,421,495.46. Following the transaction, the insider now owns 2,000 shares of the company's stock, valued at approximately $884,840. This represents a 61.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Harry Edward Paul III sold 707 shares of the company's stock in a transaction dated 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 directly 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 7,133 shares of company stock worth $3,155,916. 0.17% of the stock is currently owned by company insiders.

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.