559 Shares in Lockheed Martin Co. (NYSE:LMT) Bought by Miller Financial Services LLC

Miller Financial Services LLC purchased a new position in Lockheed Martin Co. (NYSE:LMT) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 559 shares of the aerospace company’s stock, valued at approximately $272,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Itau Unibanco Holding S.A. bought a new stake in Lockheed Martin during the 3rd quarter valued at approximately $26,000. Heck Capital Advisors LLC bought a new stake in shares of Lockheed Martin during the fourth quarter valued at approximately $35,000. Capital Performance Advisors LLP bought a new stake in shares of Lockheed Martin during the third quarter valued at approximately $40,000. Legacy Investment Solutions LLC purchased a new position in shares of Lockheed Martin in the third quarter worth $42,000. Finally, Sugar Maple Asset Management LLC bought a new position in shares of Lockheed Martin during the fourth quarter worth $47,000. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Stock Up 1.0 %

NYSE LMT opened at $478.42 on Tuesday. Lockheed Martin Co. has a 52 week low of $419.70 and a 52 week high of $618.95. The firm has a market capitalization of $112.61 billion, a price-to-earnings ratio of 21.49, a PEG ratio of 2.07 and a beta of 0.43. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10. The company has a fifty day moving average of $462.79 and a two-hundred day moving average of $520.80.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, topping analysts’ consensus estimates of $6.58 by $1.09. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. On average, analysts predict that Lockheed Martin Co. will post 27.15 earnings per share for the current year.

Lockheed Martin Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be issued a $3.30 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $13.20 annualized dividend and a dividend yield of 2.76%. Lockheed Martin’s payout ratio is 59.30%.

Wall Street Analysts Forecast Growth

LMT has been the topic of several research analyst reports. Citigroup decreased their price target on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a research note on Tuesday, January 21st. StockNews.com downgraded Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Friday, January 31st. Morgan Stanley cut their price target on Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating for the company in a report on Wednesday, January 29th. UBS Group decreased their price objective on Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating on the stock in a report on Wednesday, January 29th. Finally, Royal Bank of Canada lowered their target price on Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating for the company in a research report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $554.20.

Insider Buying and Selling

In related news, VP Harry Edward Paul III sold 707 shares of Lockheed Martin stock in a transaction dated Wednesday, February 26th. The shares were 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 owns 2,278 shares in the company, valued at $1,008,265.58. This trade represents a 23.69 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the business’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $442.42, for a total transaction 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 three months, insiders sold 7,133 shares of company stock valued at $3,155,916. Insiders own 0.17% of the company’s stock.

About Lockheed Martin

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.