Isthmus Partners LLC Boosts Stake in Lockheed Martin Co. (NYSE:LMT)

Isthmus Partners LLC increased its holdings in Lockheed Martin Co. (NYSE:LMT) by 1.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 23,978 shares of the aerospace company’s stock after buying an additional 327 shares during the quarter. Isthmus Partners LLC’s holdings in Lockheed Martin were worth $11,652,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Schwarz Dygos Wheeler Investment Advisors LLC lifted its position in shares of Lockheed Martin by 24.3% during the 4th quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 460 shares of the aerospace company’s stock valued at $224,000 after buying an additional 90 shares in the last quarter. MQS Management LLC purchased a new position in shares of Lockheed Martin in the fourth quarter valued at approximately $247,000. Bell Investment Advisors Inc grew its holdings in shares of Lockheed Martin by 21.8% during the fourth quarter. Bell Investment Advisors Inc now owns 235 shares of the aerospace company’s stock worth $114,000 after buying an additional 42 shares in the last quarter. SLT Holdings LLC purchased a new stake in Lockheed Martin during the 4th quarter valued at about $286,000. Finally, AlphaQuest LLC boosted its holdings in shares of Lockheed Martin by 39.1% during the 4th quarter. AlphaQuest LLC now owns 3,531 shares of the aerospace company’s stock worth $1,716,000 after purchasing an additional 992 shares during the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Stock Performance

NYSE:LMT opened at $474.31 on Monday. The firm has a market capitalization of $111.65 billion, a PE ratio of 21.31, a price-to-earnings-growth ratio of 2.07 and a beta of 0.43. 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 business’s fifty day moving average price is $462.89 and its 200 day moving average price is $521.36. Lockheed Martin Co. has a 12 month low of $419.70 and a 12 month high of $618.95.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data 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%. On average, sell-side analysts anticipate that Lockheed Martin Co. will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be given a dividend of $3.30 per share. The ex-dividend date is Monday, March 3rd. This represents a $13.20 annualized dividend and a dividend yield of 2.78%. Lockheed Martin’s dividend payout ratio is presently 59.30%.

Insider Activity

In other news, VP Harry Edward Paul III sold 707 shares of Lockheed Martin 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 owns 2,278 shares in the company, valued at approximately $1,008,265.58. The trade was a 23.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $884,840. This trade represents a 61.63 % decrease in their ownership of the stock. 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. Corporate insiders own 0.17% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on LMT. Royal Bank of Canada reduced their price objective on Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 29th. JPMorgan Chase & Co. reduced their price target on Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Deutsche Bank Aktiengesellschaft lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating and dropped their price objective for the company from $611.00 to $523.00 in a report on Thursday, January 2nd. Wells Fargo & Company lifted their target price on shares of Lockheed Martin from $468.00 to $476.00 and gave the stock an “equal weight” rating in a research note on Friday. Finally, Morgan Stanley dropped their price target on shares of Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Lockheed Martin presently has a consensus rating of “Moderate Buy” and a consensus target price of $554.20.

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.