one8zero8 LLC Invests $1.31 Million in Lockheed Martin Co. (NYSE:LMT)

one8zero8 LLC bought a new position in shares of Lockheed Martin Co. (NYSE:LMT) during the fourth quarter, Holdings Channel.com reports. The fund bought 2,700 shares of the aerospace company’s stock, valued at approximately $1,312,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in LMT. Itau Unibanco Holding S.A. acquired a new stake in shares of Lockheed Martin during the third quarter worth about $26,000. Heck Capital Advisors LLC acquired a new position in Lockheed Martin in the 4th quarter valued at about $35,000. Legacy Investment Solutions LLC acquired a new position in Lockheed Martin in the 3rd quarter valued at about $42,000. Sugar Maple Asset Management LLC acquired a new position in Lockheed Martin in the 4th quarter valued at about $47,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in Lockheed Martin in the 4th quarter valued at about $52,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Insider Buying and Selling at Lockheed Martin

In other Lockheed Martin news, 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 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. This represents a 23.69 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the stock in a transaction 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 sale, the insider now owns 2,000 shares in the company, valued at approximately $884,840. This trade represents a 61.63 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,133 shares of company stock worth $3,155,916. 0.17% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on LMT shares. Deutsche Bank Aktiengesellschaft cut Lockheed Martin from a “buy” rating to a “hold” rating and dropped their price target for the company from $611.00 to $523.00 in a research report on Thursday, January 2nd. Susquehanna dropped their price target on Lockheed Martin from $590.00 to $550.00 and set a “positive” rating on the stock in a research report on Wednesday, January 29th. Barclays dropped their price target on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a research report on Monday, January 6th. Morgan Stanley dropped their price target on Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 29th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating on shares of Lockheed Martin in a report on Monday, March 10th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $554.20.

Lockheed Martin Stock Performance

LMT opened at $467.07 on Friday. The stock has a market cap of $109.94 billion, a P/E ratio of 20.98, a P/E/G 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 stock’s 50 day simple moving average is $461.39 and its 200 day simple moving average is $518.51. Lockheed Martin Co. has a 1-year low of $419.70 and a 1-year high of $618.95.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, topping 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%. As a group, equities analysts anticipate that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be issued a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date is Monday, March 3rd. Lockheed Martin’s dividend payout ratio (DPR) is presently 59.30%.

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.