Lockheed Martin Co. (NYSE:LMT) Shares Acquired by Flputnam Investment Management Co.

Flputnam Investment Management Co. increased its position in shares of Lockheed Martin Co. (NYSE:LMT) by 37.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,779 shares of the aerospace company’s stock after purchasing an additional 481 shares during the period. Flputnam Investment Management Co.’s holdings in Lockheed Martin were worth $806,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Lee Financial Co lifted its stake in Lockheed Martin by 367.6% in the first quarter. Lee Financial Co now owns 477 shares of the aerospace company’s stock worth $210,000 after acquiring an additional 375 shares during the last quarter. Vontobel Holding Ltd. lifted its position in shares of Lockheed Martin by 240.0% during the 1st quarter. Vontobel Holding Ltd. now owns 4,124 shares of the aerospace company’s stock worth $1,821,000 after buying an additional 2,911 shares during the last quarter. Sei Investments Co. lifted its position in shares of Lockheed Martin by 56.8% during the 1st quarter. Sei Investments Co. now owns 23,153 shares of the aerospace company’s stock worth $9,995,000 after buying an additional 8,389 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of Lockheed Martin by 18.4% in the 1st quarter. NewEdge Advisors LLC now owns 28,807 shares of the aerospace company’s stock valued at $12,716,000 after acquiring an additional 4,472 shares during the period. Finally, Mackenzie Financial Corp increased its holdings in shares of Lockheed Martin by 20.4% in the 1st quarter. Mackenzie Financial Corp now owns 107,366 shares of the aerospace company’s stock valued at $47,391,000 after acquiring an additional 18,201 shares during the period. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Stock Performance

Shares of NYSE:LMT opened at $456.05 on Thursday. The company has a market cap of $109.68 billion, a P/E ratio of 16.55, a PEG ratio of 4.14 and a beta of 0.48. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.03 and a current ratio of 1.21. Lockheed Martin Co. has a one year low of $393.77 and a one year high of $508.10. The business’s 50-day simple moving average is $438.66 and its 200 day simple moving average is $442.12.

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

Lockheed Martin Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 1st were issued a dividend of $3.15 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $12.60 annualized dividend and a yield of 2.76%. Lockheed Martin’s dividend payout ratio is presently 45.74%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on LMT shares. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Lockheed Martin from $438.00 to $472.00 in a report on Monday, January 22nd. Morgan Stanley dropped 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. JPMorgan Chase & Co. raised shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $475.00 to $518.00 in a research note on Monday. Citigroup dropped their price objective 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, Royal Bank of Canada dropped their price objective on shares of Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 24th. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Lockheed Martin currently has a consensus rating of “Hold” and a consensus target price of $493.36.

Insiders Place Their Bets

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

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.