Avantax Advisory Services Inc. Buys 2,751 Shares of Lockheed Martin Co. (NYSE:LMT)

Avantax Advisory Services Inc. increased its stake in Lockheed Martin Co. (NYSE:LMT - Free Report) by 7.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 38,753 shares of the aerospace company's stock after acquiring an additional 2,751 shares during the period. Avantax Advisory Services Inc.'s holdings in Lockheed Martin were worth $17,564,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bank Julius Baer & Co. Ltd Zurich lifted its holdings in Lockheed Martin by 73.0% in the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 64 shares of the aerospace company's stock worth $26,000 after buying an additional 27 shares during the period. Altshuler Shaham Ltd bought a new stake in Lockheed Martin in the fourth quarter valued at $26,000. Activest Wealth Management increased its position in Lockheed Martin by 1,200.0% during the 4th quarter. Activest Wealth Management now owns 65 shares of the aerospace company's stock valued at $30,000 after purchasing an additional 60 shares during the period. Milestone Investment Advisors LLC bought a new position in Lockheed Martin in the 3rd quarter worth $33,000. Finally, Providence Capital Advisors LLC purchased a new stake in shares of Lockheed Martin in the 3rd quarter worth about $35,000. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Stock Performance

Shares of Lockheed Martin stock traded up $1.68 during trading on Monday, hitting $470.56. 634,223 shares of the company's stock traded hands, compared to its average volume of 1,119,765. Lockheed Martin Co. has a 1 year low of $393.77 and a 1 year high of $479.50. The business has a 50-day simple moving average of $451.15 and a 200-day simple moving average of $446.14. The stock has a market capitalization of $112.91 billion, a P/E ratio of 17.21, a PEG ratio of 4.29 and a beta of 0.46. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.30 and a quick ratio of 1.11.

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

Lockheed Martin Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 3rd will be issued a $3.15 dividend. This represents a $12.60 annualized dividend and a dividend yield of 2.68%. The ex-dividend date of this dividend is Monday, June 3rd. Lockheed Martin's payout ratio is currently 46.10%.

Insider Activity at Lockheed Martin

In other news, COO John Frank A. St sold 6,648 shares of the 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 sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, COO John Frank A. St sold 6,648 shares of the firm's stock in a transaction on Friday, March 1st. The stock was sold at an average price of $425.35, for a total value of $2,827,726.80. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 value of $1,747,116.58. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,874 shares of company stock worth $7,249,946. 0.14% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on LMT shares. Royal Bank of Canada decreased their price target on shares of Lockheed Martin from $475.00 to $470.00 and set a "sector perform" rating for the company in a research note on Wednesday, January 24th. Morgan Stanley dropped their price target on Lockheed Martin from $513.00 to $503.00 and set an "equal weight" rating on the stock in a research report on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft raised their price objective on Lockheed Martin from $467.00 to $487.00 and gave the company a "hold" rating in a research report on Thursday, April 25th. Wells Fargo & Company upped their target price on shares of Lockheed Martin from $460.00 to $480.00 and gave the stock an "equal weight" rating in a research report on Thursday, April 25th. Finally, StockNews.com raised shares of Lockheed Martin from a "buy" rating to a "strong-buy" rating in a research note 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target 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.

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