Brucke Financial Inc. Makes New Investment in Lockheed Martin Co. (NYSE:LMT)

Brucke Financial Inc. acquired a new position in Lockheed Martin Co. (NYSE:LMT - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 533 shares of the aerospace company's stock, valued at approximately $247,000.

Several other large investors also recently made changes to their positions in LMT. LaFleur & Godfrey LLC lifted its stake in shares of Lockheed Martin by 18.0% in the fourth quarter. LaFleur & Godfrey LLC now owns 1,156 shares of the aerospace company's stock valued at $562,000 after buying an additional 176 shares during the period. Eagle Capital Management LLC lifted its position in shares of Lockheed Martin by 0.3% in the 4th quarter. Eagle Capital Management LLC now owns 10,827 shares of the aerospace company's stock worth $5,261,000 after acquiring an additional 32 shares during the period. Avior Wealth Management LLC grew its holdings in shares of Lockheed Martin by 5.1% during the 4th quarter. Avior Wealth Management LLC now owns 1,261 shares of the aerospace company's stock worth $613,000 after purchasing an additional 61 shares in the last quarter. Brighton Jones LLC grew its holdings in shares of Lockheed Martin by 5.0% during the 4th quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company's stock worth $1,941,000 after purchasing an additional 191 shares in the last quarter. Finally, Gradient Investments LLC increased its holdings in Lockheed Martin by 0.7% in the 4th quarter. Gradient Investments LLC now owns 11,510 shares of the aerospace company's stock valued at $5,593,000 after buying an additional 84 shares during the period. Institutional investors own 74.19% of the company's stock.

Lockheed Martin Trading Up 1.6%

Shares of LMT stock traded up $7.54 on Tuesday, hitting $476.42. 1,275,853 shares of the company's stock traded hands, compared to its average volume of 1,297,472. The company's fifty day simple moving average is $461.68 and its 200 day simple moving average is $475.77. 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 $418.88 and a one year high of $618.95. The stock has a market capitalization of $111.62 billion, a price-to-earnings ratio of 21.40, a P/E/G ratio of 2.07 and a beta of 0.29.

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

Lockheed Martin Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Monday, June 2nd will be paid a $3.30 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.77%. Lockheed Martin's dividend payout ratio (DPR) is currently 57.02%.

Analysts Set New Price Targets

A number of research analysts have issued reports on LMT shares. JPMorgan Chase & Co. cut their price objective on Lockheed Martin from $540.00 to $535.00 and set an "overweight" rating for the company in a report on Thursday, January 30th. Melius lowered Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Monday, March 24th. Royal Bank of Canada cut Lockheed Martin from an "outperform" rating to a "sector perform" rating and dropped their price objective for the stock from $550.00 to $480.00 in a report on Thursday, March 27th. Susquehanna decreased their target price on Lockheed Martin from $590.00 to $550.00 and set a "positive" rating for the company in a research report on Wednesday, January 29th. Finally, Jefferies Financial Group decreased their price target on shares of Lockheed Martin from $510.00 to $500.00 and set a "hold" rating for the company in a report on Monday, April 28th. Nine equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $541.80.

Insider Buying and Selling at Lockheed Martin

In other news, 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 value of $1,421,495.46. Following the sale, the insider now directly owns 2,000 shares in the company, valued at $884,840. The trade was a 61.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Harry Edward Paul III sold 707 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $442.61, for a total value of $312,925.27. Following the completion of the sale, the vice president now directly owns 2,278 shares of the company's stock, valued at $1,008,265.58. The trade was a 23.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,133 shares of company stock valued at $3,155,916. 0.14% of the stock is owned by company insiders.

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.