Keystone Financial Group Grows Position in Lockheed Martin Co. (NYSE:LMT)

Keystone Financial Group increased its holdings in Lockheed Martin Co. (NYSE:LMT - Free Report) by 108.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,589 shares of the aerospace company's stock after acquiring an additional 1,345 shares during the quarter. Keystone Financial Group's holdings in Lockheed Martin were worth $1,199,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the business. Millstone Evans Group LLC purchased a new position in Lockheed Martin in the 4th quarter worth approximately $32,000. Mizuho Securities Co. Ltd. bought a new stake in shares of Lockheed Martin during the 4th quarter valued at $34,000. Heck Capital Advisors LLC purchased a new position in Lockheed Martin during the fourth quarter valued at approximately $35,000. Redwood Park Advisors LLC purchased a new stake in shares of Lockheed Martin during the fourth quarter worth about $40,000. Finally, Runnymede Capital Advisors Inc. bought a new stake in shares of Lockheed Martin in the fourth quarter worth about $42,000. Institutional investors own 74.19% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on LMT shares. UBS Group reduced their target price on shares of Lockheed Martin from $527.00 to $508.00 and set a "neutral" rating on the stock in a report on Wednesday, January 29th. Bank of America cut Lockheed Martin from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $685.00 to $485.00 in a report on Monday, March 24th. Barclays lowered their price target on Lockheed Martin from $565.00 to $515.00 and set an "equal weight" rating for the company in a research report on Monday, January 6th. Wells Fargo & Company dropped their price target on shares of Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Finally, Susquehanna dropped their target price on Lockheed Martin from $590.00 to $550.00 and set a "positive" rating for the company in a research report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Lockheed Martin currently has an average rating of "Hold" and a consensus price target of $539.93.

Insiders Place Their Bets

In other news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the firm's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $442.42, for a total value 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Harry Edward Paul III sold 707 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $442.61, for a total transaction of $312,925.27. Following the transaction, the vice president now directly owns 2,278 shares of the company's stock, valued at $1,008,265.58. This represents a 23.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,133 shares of company stock valued at $3,155,916. 0.17% of the stock is currently owned by corporate insiders.

Lockheed Martin Stock Down 2.8 %

Shares of NYSE:LMT traded down $13.28 on Thursday, reaching $463.80. The company had a trading volume of 3,051,557 shares, compared to its average volume of 1,241,668. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10. The firm has a market capitalization of $108.79 billion, a PE ratio of 20.84, a PEG ratio of 2.07 and a beta of 0.39. Lockheed Martin Co. has a 52-week low of $418.88 and a 52-week high of $618.95. The firm's 50 day simple moving average is $451.64 and its 200-day simple moving average is $499.06.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, beating analysts' consensus estimates of $6.58 by $1.09. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. As a group, analysts expect that Lockheed Martin Co. will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 3rd were paid a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date of this dividend was Monday, March 3rd. Lockheed Martin's dividend payout ratio (DPR) is presently 59.30%.

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.