Twinbeech Capital LP Takes Position in Lockheed Martin Co. (NYSE:LMT)

Twinbeech Capital LP purchased a new position in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 51,647 shares of the aerospace company's stock, valued at approximately $25,097,000.

A number of other institutional investors also recently bought and sold shares of LMT. Two Sigma Advisers LP increased its position in Lockheed Martin by 19.2% in the 4th quarter. Two Sigma Advisers LP now owns 1,006,000 shares of the aerospace company's stock valued at $488,856,000 after acquiring an additional 161,900 shares during the period. Two Sigma Investments LP increased its position in Lockheed Martin by 17.9% in the 4th quarter. Two Sigma Investments LP now owns 483,431 shares of the aerospace company's stock valued at $234,918,000 after acquiring an additional 73,393 shares during the period. Texas Bank & Trust Co acquired a new position in Lockheed Martin in the 4th quarter valued at about $1,295,000. Teza Capital Management LLC increased its position in Lockheed Martin by 146.5% in the 4th quarter. Teza Capital Management LLC now owns 10,724 shares of the aerospace company's stock valued at $5,211,000 after acquiring an additional 6,374 shares during the period. Finally, Tidal Investments LLC increased its position in Lockheed Martin by 204.6% in the 4th quarter. Tidal Investments LLC now owns 78,833 shares of the aerospace company's stock valued at $38,308,000 after acquiring an additional 52,955 shares during the period. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Price Performance

Shares of LMT traded down $5.47 on Wednesday, reaching $470.35. The stock had a trading volume of 1,434,411 shares, compared to its average volume of 1,291,992. The firm has a market capitalization of $110.20 billion, a PE ratio of 21.13, a PEG ratio of 2.07 and a beta of 0.29. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10. The firm has a 50-day moving average of $461.58 and a 200 day moving average of $478.57. Lockheed Martin Co. has a twelve month low of $418.88 and a twelve month high of $618.95.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted 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 firm had revenue of $17.96 billion for the quarter, compared to analyst estimates of $17.83 billion. Sell-side analysts expect that Lockheed Martin Co. will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, June 2nd will be paid a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date of this dividend is Monday, June 2nd. Lockheed Martin's dividend payout ratio is presently 57.02%.

Analyst Ratings Changes

Several brokerages recently issued reports on LMT. Baird R W upgraded Lockheed Martin from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 23rd. Morgan Stanley upgraded Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 price target on the stock in a research report on Wednesday, April 16th. Jefferies Financial Group dropped 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. StockNews.com cut Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research report on Saturday, May 3rd. Finally, Susquehanna dropped their target price on Lockheed Martin from $590.00 to $550.00 and set a "positive" rating on the stock in a research report on Wednesday, January 29th. Nine investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $541.80.

Insiders Place Their Bets

In other news, VP Harry Edward Paul III sold 707 shares of the firm's stock in a transaction dated 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 $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 available at this hyperlink. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the firm'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 owns 2,000 shares of the company's stock, valued at $884,840. This represents a 61.63% decrease in their ownership of the stock. 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 quarter. 0.14% of the stock is currently owned by company insiders.

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.