Planned Solutions Inc. Takes $107,000 Position in Lockheed Martin Co. (NYSE:LMT)

Planned Solutions Inc. purchased a new position in shares of Lockheed Martin Co. (NYSE:LMT) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 237 shares of the aerospace company’s stock, valued at approximately $107,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Moneta Group Investment Advisors LLC increased its stake in Lockheed Martin by 81,305.4% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 1,907,328 shares of the aerospace company’s stock worth $927,896,000 after buying an additional 1,904,985 shares during the period. Renaissance Technologies LLC lifted its position in shares of Lockheed Martin by 586.8% during the first quarter. Renaissance Technologies LLC now owns 369,500 shares of the aerospace company’s stock worth $163,097,000 after purchasing an additional 315,700 shares during the last quarter. Vanguard Group Inc. lifted its stake in Lockheed Martin by 1.3% during the third quarter. Vanguard Group Inc. now owns 22,302,719 shares of the aerospace company’s stock worth $9,120,920,000 after purchasing an additional 279,162 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Lockheed Martin by 5.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 5,256,069 shares of the aerospace company’s stock worth $2,320,030,000 after buying an additional 264,665 shares during the last quarter. Finally, Imprint Wealth LLC bought a new position in Lockheed Martin in the second quarter worth about $21,499,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Insider Buying and Selling

In other Lockheed Martin news, COO John Frank A. St sold 6,648 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $425.35, for a total transaction of $2,827,726.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, COO John Frank A. St sold 6,648 shares of Lockheed Martin stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $425.35, for a total transaction of $2,827,726.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Maryanne Lavan sold 4,022 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total transaction of $1,747,116.58. The disclosure for this sale can be found here. Insiders have sold a total of 16,874 shares of company stock worth $7,249,946 in the last 90 days. Corporate insiders own 0.17% of the company’s stock.

Lockheed Martin Trading Up 2.5 %

NYSE LMT opened at $456.93 on Thursday. Lockheed Martin Co. has a 1-year low of $393.77 and a 1-year high of $508.10. The firm’s fifty day simple moving average is $433.46 and its 200-day simple moving average is $438.35. The company has a current ratio of 1.21, a quick ratio of 1.03 and a debt-to-equity ratio of 2.53. The company has a market capitalization of $109.89 billion, a PE ratio of 16.59, a price-to-earnings-growth ratio of 4.08 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, January 23rd. The aerospace company reported $7.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.26 by $0.64. Lockheed Martin had a net margin of 10.24% and a return on equity of 79.91%. The business had revenue of $18.87 billion for the quarter, compared to analyst estimates of $17.96 billion. During the same period last year, the business posted $7.79 EPS. Lockheed Martin’s revenue was down .6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Lockheed Martin Co. will post 26.13 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 1st will be issued a $3.15 dividend. This represents a $12.60 annualized dividend and a dividend yield of 2.76%. The ex-dividend date of this dividend is Thursday, February 29th. Lockheed Martin’s payout ratio is currently 45.74%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Susquehanna dropped their price objective on shares of Lockheed Martin from $550.00 to $540.00 and set a “positive” rating on the stock in a report on Wednesday, January 24th. Royal Bank of Canada reduced their price target on Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 24th. UBS Group cut their price objective on shares of Lockheed Martin from $488.00 to $475.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 24th. Citigroup lowered their target price on shares of Lockheed Martin from $540.00 to $508.00 and set a “buy” rating on the stock in a research note on Wednesday, January 24th. Finally, Morgan Stanley lowered their price objective on shares of Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 24th. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $491.92.

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.