Leigh Baldwin & CO. LLC Buys Shares of 1,974 Lockheed Martin Co. (NYSE:LMT)

Leigh Baldwin & CO. LLC purchased a new stake in Lockheed Martin Co. (NYSE:LMT - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,974 shares of the aerospace company's stock, valued at approximately $959,000.

A number of other large investors have also recently modified their holdings of LMT. Proficio Capital Partners LLC lifted its position in shares of Lockheed Martin by 53,784.3% during the fourth quarter. Proficio Capital Partners LLC now owns 1,235,568 shares of the aerospace company's stock valued at $600,412,000 after buying an additional 1,233,275 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Lockheed Martin by 17.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 7,471,071 shares of the aerospace company's stock valued at $3,630,492,000 after purchasing an additional 1,132,461 shares during the last quarter. Castlekeep Investment Advisors LLC purchased a new stake in shares of Lockheed Martin during the 4th quarter valued at $526,587,000. Van ECK Associates Corp lifted its holdings in shares of Lockheed Martin by 1,239.6% during the 4th quarter. Van ECK Associates Corp now owns 548,237 shares of the aerospace company's stock valued at $266,410,000 after purchasing an additional 507,312 shares during the last quarter. Finally, Capital Research Global Investors purchased a new stake in shares of Lockheed Martin during the 4th quarter valued at $229,987,000. Hedge funds and other institutional investors own 74.19% of the company's stock.

Insider Transactions at Lockheed Martin

In other news, VP Harry Edward Paul III sold 707 shares of the stock in a transaction dated 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 in the company, valued at $1,008,265.58. This represents a 23.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the firm'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 transaction of $1,421,495.46. Following the completion of the transaction, the insider now directly owns 2,000 shares in the company, valued at $884,840. This trade represents a 61.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,133 shares of company stock valued at $3,155,916 over the last 90 days. Corporate insiders own 0.14% of the company's stock.

Lockheed Martin Price Performance

Shares of Lockheed Martin stock traded up $7.54 during trading hours 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. The stock's 50 day moving average is $461.68 and its 200 day moving average is $475.77. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10. Lockheed Martin Co. has a twelve month low of $418.88 and a twelve month high of $618.95. The firm has a market capitalization of $111.62 billion, a PE ratio of 21.40, a PEG 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 earnings per share for the quarter, topping analysts' consensus estimates of $6.34 by $0.94. The company had revenue of $17.96 billion during the quarter, compared to analysts' expectations of $17.83 billion. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. Equities analysts expect that Lockheed Martin Co. will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

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

Analyst Ratings Changes

LMT has been the subject of several analyst reports. UBS Group increased their price objective on Lockheed Martin from $481.00 to $499.00 and gave the company a "neutral" rating in a report on Wednesday, April 23rd. Royal Bank of Canada lowered Lockheed Martin from an "outperform" rating to a "sector perform" rating and decreased their price objective for the company from $550.00 to $480.00 in a report on Thursday, March 27th. Jefferies Financial Group cut their target price on Lockheed Martin from $510.00 to $500.00 and set a "hold" rating on the stock in a research report on Monday, April 28th. JPMorgan Chase & Co. cut their target price on Lockheed Martin from $540.00 to $535.00 and set an "overweight" rating on the stock in a research report on Thursday, January 30th. Finally, Baird R W raised Lockheed Martin from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 23rd. Nine equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Lockheed Martin currently has an average rating of "Moderate Buy" and an average price target of $541.80.

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.