Lockheed Martin Co. (NYSE:LMT) Shares Purchased by HUB Investment Partners LLC

HUB Investment Partners LLC boosted its stake in Lockheed Martin Co. (NYSE:LMT) by 15.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 17,389 shares of the aerospace company’s stock after purchasing an additional 2,296 shares during the period. HUB Investment Partners LLC’s holdings in Lockheed Martin were worth $8,450,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of the business. BIP Wealth LLC bought a new position in Lockheed Martin during the third quarter valued at about $237,000. Fifth Third Wealth Advisors LLC boosted its position in shares of Lockheed Martin by 11.7% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 3,495 shares of the aerospace company’s stock valued at $2,043,000 after purchasing an additional 367 shares during the period. Prospera Private Wealth LLC acquired a new position in shares of Lockheed Martin in the 3rd quarter valued at $99,000. Segall Bryant & Hamill LLC acquired a new position in shares of Lockheed Martin in the 3rd quarter valued at $7,039,000. Finally, MWA Asset Management boosted its position in shares of Lockheed Martin by 1.6% in the 3rd quarter. MWA Asset Management now owns 2,079 shares of the aerospace company’s stock valued at $1,215,000 after purchasing an additional 33 shares during the period. Institutional investors own 74.19% of the company’s stock.

Insider Buying and Selling

In related news, VP Harry Edward Paul III sold 707 shares of Lockheed Martin 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 sale, the vice president now directly owns 2,278 shares of the company’s stock, valued at $1,008,265.58. The trade was a 23.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of Lockheed Martin stock in a transaction 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 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. Insiders sold a total of 7,133 shares of company stock valued at $3,155,916 over the last three months. Company insiders own 0.14% of the company’s stock.

Lockheed Martin Trading Up 0.2 %

Shares of LMT opened at $470.44 on Thursday. The stock has a fifty day moving average price of $461.54 and a two-hundred day moving average price of $516.47. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13. Lockheed Martin Co. has a 52-week low of $419.70 and a 52-week high of $618.95. The company has a market cap of $110.73 billion, a price-to-earnings ratio of 21.13, a PEG ratio of 2.07 and a beta of 0.43.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data 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%. Analysts predict that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a dividend yield of 2.81%. Lockheed Martin’s payout ratio is currently 59.30%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on LMT. Deutsche Bank Aktiengesellschaft downgraded Lockheed Martin from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $611.00 to $523.00 in a research note on Thursday, January 2nd. Barclays cut their price objective on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a research note on Monday, January 6th. StockNews.com downgraded Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Friday, January 31st. JPMorgan Chase & Co. lowered their target price on Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Finally, Royal Bank of Canada lowered their target price on Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating on the stock in a report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $554.20.

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.