BridgePort Financial Solutions LLC Invests $324,000 in Lockheed Martin Co. (NYSE:LMT)

BridgePort Financial Solutions LLC acquired a new stake in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 726 shares of the aerospace company's stock, valued at approximately $324,000.

A number of other hedge funds and other institutional investors have also modified their holdings of LMT. Park Square Financial Group LLC acquired a new stake in shares of Lockheed Martin in the 4th quarter worth approximately $149,000. Total Wealth Planning & Management Inc. acquired a new position in shares of Lockheed Martin during the fourth quarter valued at approximately $721,000. Fidelity D & D Bancorp Inc. raised its holdings in Lockheed Martin by 18.4% during the fourth quarter. Fidelity D & D Bancorp Inc. now owns 805 shares of the aerospace company's stock worth $391,000 after purchasing an additional 125 shares in the last quarter. Brucke Financial Inc. acquired a new stake in Lockheed Martin in the fourth quarter worth approximately $247,000. Finally, Jefferies Financial Group Inc. acquired a new stake in Lockheed Martin in the fourth quarter worth approximately $2,655,000. 74.19% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

LMT has been the topic of several research analyst reports. Jefferies Financial Group dropped their price objective on Lockheed Martin from $510.00 to $500.00 and set a "hold" rating on the stock in a research note on Monday, April 28th. Melius Research lowered Lockheed Martin from a "strong-buy" rating to a "hold" rating in a report on Monday, March 24th. JPMorgan Chase & Co. cut their price target on shares of Lockheed Martin from $540.00 to $535.00 and set an "overweight" rating for the company in a report on Thursday, January 30th. Morgan Stanley upgraded shares of Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 price objective for the company in a research report on Wednesday, April 16th. Finally, Melius downgraded shares of Lockheed Martin from a "buy" rating to a "hold" rating in a report on Monday, March 24th. Nine analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $541.80.

Insider Buying and Selling at Lockheed Martin

In related news, 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 transaction of $312,925.27. Following the completion of the sale, the vice president now directly owns 2,278 shares in the company, valued at approximately $1,008,265.58. This trade represents a 23.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $442.42, for a total value 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. The trade was a 61.63% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,133 shares of company stock valued at $3,155,916 in the last 90 days. 0.14% of the stock is currently owned by corporate insiders.

Lockheed Martin Trading Up 1.6%

Lockheed Martin stock traded up $7.54 during midday trading on Tuesday, reaching $476.42. The stock had a trading volume of 1,275,853 shares, compared to its average volume of 1,297,472. Lockheed Martin Co. has a twelve month low of $418.88 and a twelve month high of $618.95. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95. The firm has a market cap of $111.62 billion, a price-to-earnings ratio of 21.40, a PEG ratio of 2.07 and a beta of 0.29. The firm's fifty day simple moving average is $461.88 and its two-hundred day simple moving average is $475.78.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.34 by $0.94. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. The company had revenue of $17.96 billion during the quarter, compared to analyst estimates of $17.83 billion. Equities analysts anticipate that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, June 2nd will be given a dividend of $3.30 per share. The ex-dividend date is Monday, June 2nd. This represents a $13.20 dividend on an annualized basis and a yield of 2.77%. Lockheed Martin's payout ratio is presently 57.02%.

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.