AssuredPartners Investment Advisors LLC Invests $389,000 in Lockheed Martin Co. (NYSE:LMT)

AssuredPartners Investment Advisors LLC acquired a new stake in Lockheed Martin Co. (NYSE:LMT) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 801 shares of the aerospace company’s stock, valued at approximately $389,000.

A number of other large investors also recently bought and sold shares of the stock. Fisher Asset Management LLC lifted its stake in Lockheed Martin by 0.9% during the 3rd quarter. Fisher Asset Management LLC now owns 6,742 shares of the aerospace company’s stock worth $3,941,000 after acquiring an additional 61 shares in the last quarter. Freedom Investment Management Inc. lifted its position in shares of Lockheed Martin by 16.7% during the third quarter. Freedom Investment Management Inc. now owns 754 shares of the aerospace company’s stock worth $441,000 after purchasing an additional 108 shares in the last quarter. Fiduciary Trust Co boosted its stake in shares of Lockheed Martin by 2.0% in the third quarter. Fiduciary Trust Co now owns 11,781 shares of the aerospace company’s stock valued at $6,887,000 after purchasing an additional 229 shares during the period. Vinva Investment Management Ltd increased its stake in Lockheed Martin by 3.0% during the 3rd quarter. Vinva Investment Management Ltd now owns 656 shares of the aerospace company’s stock worth $382,000 after buying an additional 19 shares during the period. Finally, Carl P. Sherr & Co. LLC lifted its holdings in Lockheed Martin by 113.7% during the 3rd quarter. Carl P. Sherr & Co. LLC now owns 1,423 shares of the aerospace company’s stock worth $832,000 after buying an additional 757 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Insiders Place Their Bets

In other news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now owns 2,000 shares of the company’s stock, valued at approximately $884,840. The trade was a 61.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 value of $312,925.27. Following the sale, the vice president now directly owns 2,278 shares of the company’s stock, valued at approximately $1,008,265.58. This represents a 23.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,133 shares of company stock valued at $3,155,916. Insiders own 0.17% of the company’s stock.

Lockheed Martin Stock Down 0.2 %

LMT opened at $441.41 on Friday. The stock has a market capitalization of $103.90 billion, a P/E ratio of 19.83, a price-to-earnings-growth ratio of 2.07 and a beta of 0.43. 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 one year low of $419.70 and a one year high of $618.95. The business’s 50-day simple moving average is $456.49 and its 200-day simple moving average is $510.73.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, beating 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%. Analysts anticipate that Lockheed Martin Co. will post 27.15 EPS for the current year.

Lockheed Martin Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 3rd were paid a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date of this dividend was Monday, March 3rd. Lockheed Martin’s dividend payout ratio is currently 59.30%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on LMT shares. Deutsche Bank Aktiengesellschaft downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating and dropped their price target for the stock from $611.00 to $523.00 in a research note on Thursday, January 2nd. UBS Group reduced their price target on Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 29th. Barclays lowered their price objective on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a research report on Monday, January 6th. StockNews.com upgraded shares of Lockheed Martin from a “hold” rating to a “buy” rating in a research note on Monday, March 24th. Finally, Citigroup decreased their price target on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a research note on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $539.53.

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.