Griffith & Werner Inc. Buys Shares of 4,113 Lockheed Martin Co. (NYSE:LMT)

Griffith & Werner Inc. bought a new position in Lockheed Martin Co. (NYSE:LMT - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 4,113 shares of the aerospace company's stock, valued at approximately $1,999,000. Lockheed Martin makes up about 1.3% of Griffith & Werner Inc.'s investment portfolio, making the stock its 26th biggest position.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Michels Family Financial LLC acquired a new stake in shares of Lockheed Martin during the fourth quarter worth $255,000. Castlekeep Investment Advisors LLC acquired a new position in shares of Lockheed Martin in the fourth quarter worth about $1,084,000. Peak Retirement Planning Inc. acquired a new position in shares of Lockheed Martin in the fourth quarter worth about $788,000. Parr Mcknight Wealth Management Group LLC purchased a new position in shares of Lockheed Martin in the fourth quarter worth approximately $1,222,000. Finally, McMill Wealth Management acquired a new stake in shares of Lockheed Martin during the fourth quarter valued at approximately $327,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Stock Down 0.2%

Shares of NYSE:LMT opened at $469.27 on Friday. The company's fifty day moving average is $461.70 and its 200-day moving average is $477.48. 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 52 week low of $418.88 and a 52 week high of $618.95. The company has a market capitalization of $109.95 billion, a PE ratio of 21.08, a P/E/G ratio of 2.07 and a beta of 0.29.

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

Lockheed Martin Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Monday, June 2nd will be given a dividend of $3.30 per share. 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 2.81%. Lockheed Martin's payout ratio is 57.02%.

Wall Street Analysts Forecast Growth

LMT has been the topic of several research reports. Baird R W upgraded shares of Lockheed Martin from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 23rd. Morgan Stanley raised shares of Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 price objective on the stock in a research report on Wednesday, April 16th. Wall Street Zen downgraded shares of Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research report on Saturday, May 3rd. Melius Research cut Lockheed Martin from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 24th. Finally, UBS Group boosted their target price on Lockheed Martin from $481.00 to $499.00 and gave the stock a "neutral" rating in a report on Wednesday, April 23rd. Nine 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's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $541.80.

Insider Buying and Selling at Lockheed Martin

In other news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of Lockheed Martin stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $442.42, for a total transaction of $1,421,495.46. Following the transaction, the insider now 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 document filed with the SEC, which is available at this hyperlink. Also, VP Harry Edward Paul III sold 707 shares of the company'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 transaction of $312,925.27. Following the completion of the transaction, the vice president now owns 2,278 shares of the company's stock, valued at $1,008,265.58. This trade represents a 23.69% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,133 shares of company stock worth $3,155,916. Insiders own 0.14% of the company's stock.

Lockheed Martin 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.

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