Lockheed Martin Co. (NYSE:LMT) Shares Purchased by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. grew its position in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 66.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 38,491 shares of the aerospace company's stock after purchasing an additional 15,374 shares during the quarter. Benjamin F. Edwards & Company Inc.'s holdings in Lockheed Martin were worth $17,446,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bank Julius Baer & Co. Ltd Zurich lifted its stake in Lockheed Martin by 73.0% during the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 64 shares of the aerospace company's stock valued at $26,000 after purchasing an additional 27 shares during the last quarter. Activest Wealth Management increased its holdings in shares of Lockheed Martin by 1,200.0% in the fourth quarter. Activest Wealth Management now owns 65 shares of the aerospace company's stock valued at $30,000 after buying an additional 60 shares in the last quarter. Milestone Investment Advisors LLC acquired a new stake in shares of Lockheed Martin during the 3rd quarter valued at $33,000. Providence Capital Advisors LLC bought a new stake in shares of Lockheed Martin during the 3rd quarter worth $35,000. Finally, Iron Horse Wealth Management LLC grew its holdings in shares of Lockheed Martin by 1,925.0% in the 4th quarter. Iron Horse Wealth Management LLC now owns 81 shares of the aerospace company's stock worth $37,000 after acquiring an additional 77 shares during the last quarter. Institutional investors own 74.19% of the company's stock.

Lockheed Martin Stock Down 0.3 %

Shares of NYSE LMT traded down $1.25 during mid-day trading on Friday, reaching $461.95. The company had a trading volume of 910,767 shares, compared to its average volume of 1,153,347. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.11 and a current ratio of 1.30. Lockheed Martin Co. has a twelve month low of $393.77 and a twelve month high of $479.50. The stock's 50 day moving average is $446.80 and its 200-day moving average is $445.23. The stock has a market capitalization of $110.84 billion, a PE ratio of 16.90, a price-to-earnings-growth ratio of 4.22 and a beta of 0.46.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share for the quarter, topping the consensus estimate of $5.80 by $0.53. The company had revenue of $17.20 billion for the quarter, compared to analyst estimates of $16.04 billion. Lockheed Martin had a return on equity of 85.96% and a net margin of 9.73%. The business's revenue was up 13.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $6.43 EPS. As a group, equities analysts anticipate that Lockheed Martin Co. will post 26.15 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 3rd will be paid a $3.15 dividend. This represents a $12.60 dividend on an annualized basis and a yield of 2.73%. Lockheed Martin's dividend payout ratio (DPR) is presently 46.10%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on LMT. Citigroup increased their price target on Lockheed Martin from $508.00 to $525.00 and gave the company a "buy" rating in a research report on Wednesday, April 24th. UBS Group lifted their target price on shares of Lockheed Martin from $482.00 to $499.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Lockheed Martin from $467.00 to $487.00 and gave the company a "hold" rating in a research report on Thursday, April 25th. The Goldman Sachs Group lowered their price objective on shares of Lockheed Martin from $380.00 to $377.00 and set a "sell" rating on the stock in a research report on Tuesday, April 23rd. Finally, StockNews.com upgraded Lockheed Martin from a "buy" rating to a "strong-buy" rating in a report on Thursday, April 25th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $485.40.

Insiders Place Their Bets

In other news, SVP Maryanne Lavan sold 4,022 shares of the firm's stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $434.39, for a total transaction of $1,747,116.58. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, SVP Maryanne Lavan sold 4,022 shares of the company's stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total transaction of $1,747,116.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO John Frank A. St sold 6,648 shares of the firm's stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $425.35, for a total value of $2,827,726.80. The disclosure for this sale can be found here. Insiders sold 16,874 shares of company stock valued at $7,249,946 over the last ninety days. Corporate insiders own 0.17% of the company's stock.

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.

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