TCG Advisory Services LLC Acquires 3,322 Shares of Lockheed Martin Co. (NYSE:LMT)

TCG Advisory Services LLC increased its position in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 45.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,623 shares of the aerospace company's stock after purchasing an additional 3,322 shares during the period. TCG Advisory Services LLC's holdings in Lockheed Martin were worth $4,815,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC increased its holdings in Lockheed Martin by 10,526.6% in the fourth quarter. International Assets Investment Management LLC now owns 1,362,228 shares of the aerospace company's stock valued at $617,416,000 after buying an additional 1,349,409 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Lockheed Martin by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 22,302,719 shares of the aerospace company's stock worth $9,120,920,000 after purchasing an additional 279,162 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Lockheed Martin by 28.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 707,696 shares of the aerospace company's stock worth $289,419,000 after purchasing an additional 156,842 shares during the last quarter. Wellington Management Group LLP lifted its stake in Lockheed Martin by 4.0% in the 3rd quarter. Wellington Management Group LLP now owns 3,158,783 shares of the aerospace company's stock valued at $1,291,816,000 after buying an additional 121,358 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in Lockheed Martin by 32.4% during the 3rd quarter. AQR Capital Management LLC now owns 449,167 shares of the aerospace company's stock valued at $183,691,000 after buying an additional 110,021 shares during the last quarter. Institutional investors and hedge funds own 74.19% of the company's stock.

Lockheed Martin Trading Down 0.3 %

Shares of Lockheed Martin stock traded down $1.29 during trading hours on Friday, reaching $461.91. The stock had a trading volume of 910,781 shares, compared to its average volume of 1,142,922. The company has a current ratio of 1.30, a quick ratio of 1.11 and a debt-to-equity ratio of 2.89. Lockheed Martin Co. has a 1 year low of $393.77 and a 1 year high of $479.50. The firm has a market capitalization of $110.83 billion, a price-to-earnings ratio of 16.90, a P/E/G ratio of 4.23 and a beta of 0.46. The firm has a 50 day simple moving average of $447.42 and a two-hundred day simple moving average of $445.41.

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

Lockheed Martin Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 3rd will be given a $3.15 dividend. This represents a $12.60 annualized dividend and a dividend yield of 2.73%. The ex-dividend date of this dividend is Monday, June 3rd. Lockheed Martin's payout ratio is 46.10%.

Insider Activity

In other news, SVP Maryanne Lavan sold 4,022 shares of the firm'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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP Maryanne Lavan sold 4,022 shares of Lockheed Martin stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $434.39, for a total value of $1,747,116.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO John Frank A. St sold 6,648 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $425.35, for a total transaction of $2,827,726.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 16,874 shares of company stock worth $7,249,946. 0.17% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

LMT has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft boosted their price target on Lockheed Martin from $467.00 to $487.00 and gave the stock a "hold" rating in a report on Thursday, April 25th. UBS Group lifted their price target on shares of Lockheed Martin from $482.00 to $499.00 and gave the stock a "neutral" rating in a report on Wednesday, April 24th. Citigroup boosted their price objective on shares of Lockheed Martin from $508.00 to $525.00 and gave the company a "buy" rating in a research report on Wednesday, April 24th. Morgan Stanley lowered their target price on shares of Lockheed Martin from $513.00 to $503.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 24th. Finally, Royal Bank of Canada cut their price target on Lockheed Martin from $475.00 to $470.00 and set a "sector perform" rating for the company in a report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $485.40.

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.