Lockheed Martin Co. (NYSE:LMT) Shares Purchased by Two Sigma Investments LP

Two Sigma Investments LP lifted its stake in Lockheed Martin Co. (NYSE:LMT - Free Report) by 17.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 483,431 shares of the aerospace company's stock after buying an additional 73,393 shares during the quarter. Lockheed Martin makes up 0.5% of Two Sigma Investments LP's holdings, making the stock its 28th largest position. Two Sigma Investments LP owned about 0.21% of Lockheed Martin worth $234,918,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the stock. Empirical Asset Management LLC acquired a new stake in shares of Lockheed Martin in the 4th quarter worth $142,000. Merit Financial Group LLC boosted its holdings in Lockheed Martin by 22.3% during the 4th quarter. Merit Financial Group LLC now owns 11,915 shares of the aerospace company's stock valued at $5,790,000 after acquiring an additional 2,173 shares during the period. HB Wealth Management LLC boosted its stake in shares of Lockheed Martin by 4.8% in the 4th quarter. HB Wealth Management LLC now owns 12,525 shares of the aerospace company's stock valued at $6,087,000 after buying an additional 573 shares during the period. Ameritas Advisory Services LLC boosted its stake in shares of Lockheed Martin by 7.3% in the 4th quarter. Ameritas Advisory Services LLC now owns 6,445 shares of the aerospace company's stock valued at $3,132,000 after buying an additional 441 shares during the period. Finally, TruWealth Advisors LLC boosted its stake in shares of Lockheed Martin by 2.1% in the 4th quarter. TruWealth Advisors LLC now owns 43,011 shares of the aerospace company's stock valued at $20,900,000 after buying an additional 895 shares during the period. Hedge funds and other institutional investors own 74.19% of the company's stock.

Lockheed Martin Price Performance

NYSE LMT traded up $0.09 on Thursday, hitting $470.37. The stock had a trading volume of 884,835 shares, compared to its average volume of 1,290,370. Lockheed Martin Co. has a 52-week low of $418.88 and a 52-week high of $618.95. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13. The company has a market capitalization of $110.21 billion, a price-to-earnings ratio of 21.13, a price-to-earnings-growth ratio of 2.07 and a beta of 0.29. The firm has a 50-day moving average of $461.64 and a 200-day moving average of $478.52.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its quarterly earnings data 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 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 analysts' expectations of $17.83 billion. Equities analysts expect that Lockheed Martin Co. will post 27.15 EPS for the current year.

Lockheed Martin Dividend Announcement

The company also recently announced 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 annualized dividend and a dividend yield of 2.81%. Lockheed Martin's dividend payout ratio is presently 57.02%.

Insider Activity at Lockheed Martin

In related news, VP Harry Edward Paul III sold 707 shares of Lockheed Martin stock in a transaction dated 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 sale, the vice president now owns 2,278 shares in the company, valued at $1,008,265.58. This trade represents a 23.69% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of Lockheed Martin stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $442.42, for a total transaction of $1,421,495.46. Following the sale, the insider now owns 2,000 shares of the company's stock, valued at $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 worth $3,155,916 over the last quarter. Company insiders own 0.14% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on the company. Bank of America lowered Lockheed Martin from a "buy" rating to a "neutral" rating and cut their price target for the stock from $685.00 to $485.00 in a research report on Monday, March 24th. Wall Street Zen downgraded Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research report on Saturday, May 3rd. Morgan Stanley upgraded 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. Melius lowered Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Monday, March 24th. Finally, Royal Bank of Canada lowered Lockheed Martin from an "outperform" rating to a "sector perform" rating and dropped their target price for the company from $550.00 to $480.00 in a research note on Thursday, March 27th. Nine research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Lockheed Martin presently has an average rating of "Moderate Buy" and a consensus 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.