Voloridge Investment Management LLC Purchases 228,351 Shares of Lockheed Martin Co. (NYSE:LMT)

Voloridge Investment Management LLC increased its stake in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 77.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 523,267 shares of the aerospace company's stock after buying an additional 228,351 shares during the period. Lockheed Martin comprises 0.9% of Voloridge Investment Management LLC's portfolio, making the stock its 3rd largest holding. Voloridge Investment Management LLC owned 0.22% of Lockheed Martin worth $254,276,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Proficio Capital Partners LLC lifted its holdings in shares of Lockheed Martin by 53,784.3% in 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 purchasing an additional 1,233,275 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Lockheed Martin by 17.9% in the fourth 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 in the last quarter. Castlekeep Investment Advisors LLC purchased a new stake in shares of Lockheed Martin in the fourth quarter valued at about $526,587,000. Leigh Baldwin & CO. LLC acquired a new stake in shares of Lockheed Martin during the 4th quarter worth about $451,985,000. Finally, Van ECK Associates Corp boosted its stake 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 worth $266,410,000 after purchasing an additional 507,312 shares during the last quarter. Hedge funds and other institutional investors own 74.19% of the company's stock.

Lockheed Martin Trading Up 0.0%

LMT stock traded up $0.09 on Thursday, hitting $470.37. 885,001 shares of the company were exchanged, compared to its average volume of 1,293,337. Lockheed Martin Co. has a twelve month low of $418.88 and a twelve month high of $618.95. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95. The business's fifty day moving average is $461.64 and its two-hundred day moving average is $478.52. The stock 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.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $17.83 billion. As a group, research analysts forecast that Lockheed Martin Co. will post 27.15 earnings per share for the current year.

Lockheed Martin Announces Dividend

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 (DPR) is presently 57.02%.

Insider Activity

In related 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 sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the 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 completion of the sale, the insider now directly owns 2,000 shares in the company, valued at approximately $884,840. This trade represents a 61.63% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,133 shares of company stock worth $3,155,916. 0.14% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on LMT shares. JPMorgan Chase & Co. cut their price objective on shares of Lockheed Martin from $540.00 to $535.00 and set an "overweight" rating for the company in a research report on Thursday, January 30th. Susquehanna cut their price target on Lockheed Martin from $590.00 to $550.00 and set a "positive" rating for the company in a report on Wednesday, January 29th. Robert W. Baird raised Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 price target on the stock in a research note on Wednesday, April 23rd. Morgan Stanley raised Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 price objective for the company in a research report on Wednesday, April 16th. Finally, Jefferies Financial Group reduced 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. Nine investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $541.80.

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.