WBI Investments LLC Makes New Investment in Lockheed Martin Co. (NYSE:LMT)

WBI Investments LLC bought a new stake in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 7,166 shares of the aerospace company's stock, valued at approximately $3,248,000.

Other large investors also recently modified their holdings of the company. Warther Private Wealth LLC boosted its position in shares of Lockheed Martin by 86.1% during the 4th quarter. Warther Private Wealth LLC now owns 16,369 shares of the aerospace company's stock worth $7,419,000 after acquiring an additional 7,575 shares in the last quarter. Herold Advisors Inc. raised its holdings in shares of Lockheed Martin by 8.6% during the 3rd quarter. Herold Advisors Inc. now owns 3,448 shares of the aerospace company's stock worth $1,410,000 after buying an additional 274 shares in the last quarter. Alethea Capital Management LLC acquired a new stake in Lockheed Martin in the third quarter valued at about $415,000. Brandywine Global Investment Management LLC grew its position in Lockheed Martin by 14.1% in the third quarter. Brandywine Global Investment Management LLC now owns 305,555 shares of the aerospace company's stock valued at $124,960,000 after acquiring an additional 37,827 shares during the last quarter. Finally, AdvisorNet Financial Inc raised its stake in Lockheed Martin by 0.4% during the fourth quarter. AdvisorNet Financial Inc now owns 7,741 shares of the aerospace company's stock worth $3,509,000 after acquiring an additional 29 shares in the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LMT has been the topic of a number of research analyst reports. The Goldman Sachs Group cut their target price 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. Susquehanna cut their price target on Lockheed Martin from $550.00 to $540.00 and set a "positive" rating on the stock in a research note on Wednesday, January 24th. JPMorgan Chase & Co. upgraded Lockheed Martin from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $475.00 to $518.00 in a report on Monday, April 15th. StockNews.com upgraded shares of Lockheed Martin from a "buy" rating to a "strong-buy" rating in a report on Thursday, April 25th. Finally, 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 report on Wednesday, January 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $485.40.

Insider Buying and Selling

In related news, SVP Maryanne Lavan sold 4,022 shares of the company's stock in a transaction on 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 is accessible through the SEC website. In related news, SVP Maryanne Lavan sold 4,022 shares of the business's stock in a transaction dated 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 legal filing with the SEC, which can be accessed through the SEC website. Also, COO John Frank A. St sold 6,648 shares of the stock in a transaction dated 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. Insiders have sold 16,874 shares of company stock worth $7,249,946 in the last quarter. Insiders own 0.14% of the company's stock.

Lockheed Martin Stock Up 0.3 %

Shares of LMT stock traded up $1.35 on Wednesday, reaching $469.66. 548,748 shares of the company were exchanged, compared to its average volume of 1,091,300. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.30 and a quick ratio of 1.11. The company has a 50-day moving average of $455.92 and a 200-day moving average of $446.96. The company has a market cap of $112.69 billion, a price-to-earnings ratio of 17.14, a PEG ratio of 4.27 and a beta of 0.46. Lockheed Martin Co. has a one year low of $393.77 and a one year high of $479.50.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its quarterly earnings data on Tuesday, April 23rd. The aerospace company reported $6.33 EPS for the quarter, beating the consensus estimate of $5.80 by $0.53. Lockheed Martin had a return on equity of 85.96% and a net margin of 9.73%. The firm had revenue of $17.20 billion during the quarter, compared to the consensus estimate of $16.04 billion. During the same quarter in the previous year, the company posted $6.43 earnings per share. The company's quarterly revenue was up 13.7% on a year-over-year basis. Analysts anticipate that Lockheed Martin Co. will post 26.17 earnings per share for the current year.

Lockheed Martin Announces Dividend

The firm 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 dividend of $3.15 per share. 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 presently 46.10%.

Lockheed Martin Company 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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