Quantinno Capital Management LP Buys 6,189 Shares of Lockheed Martin Co. (NYSE:LMT)

Quantinno Capital Management LP boosted its holdings in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 24.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,942 shares of the aerospace company's stock after purchasing an additional 6,189 shares during the period. Quantinno Capital Management LP's holdings in Lockheed Martin were worth $15,522,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Kentucky Retirement Systems Insurance Trust Fund lifted its stake in Lockheed Martin by 51.7% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 9,528 shares of the aerospace company's stock worth $4,630,000 after purchasing an additional 3,247 shares during the period. Brady Martz Wealth Solutions LLC bought a new position in Lockheed Martin during the fourth quarter worth about $1,266,000. Aquatic Capital Management LLC bought a new position in shares of Lockheed Martin in the fourth quarter valued at approximately $33,294,000. Private Advisor Group LLC raised its stake in shares of Lockheed Martin by 11.0% in the fourth quarter. Private Advisor Group LLC now owns 51,253 shares of the aerospace company's stock valued at $24,906,000 after acquiring an additional 5,075 shares during the last quarter. Finally, Confluence Wealth Services Inc. raised its stake in shares of Lockheed Martin by 174.0% in the fourth quarter. Confluence Wealth Services Inc. now owns 3,176 shares of the aerospace company's stock valued at $1,579,000 after acquiring an additional 2,017 shares during the last quarter. Institutional investors own 74.19% of the company's stock.

Insider Buying and Selling at Lockheed Martin

In other news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the business's stock in a transaction on Wednesday, February 26th. The shares were 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 owns 2,000 shares of the company's stock, valued at $884,840. The trade was a 61.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Harry Edward Paul III sold 707 shares of the business's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $442.61, for a total transaction of $312,925.27. Following the completion of the transaction, the vice president now directly owns 2,278 shares of the company's stock, valued at $1,008,265.58. This trade represents a 23.69% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,133 shares of company stock worth $3,155,916. Insiders own 0.14% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on LMT. JPMorgan Chase & Co. cut their target price on shares of Lockheed Martin from $540.00 to $535.00 and set an "overweight" rating for the company in a research note on Thursday, January 30th. Wells Fargo & Company cut their target price 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. Morgan Stanley raised shares of Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 price target for the company in a report on Wednesday, April 16th. Baird R W raised shares of Lockheed Martin from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 23rd. Finally, StockNews.com lowered shares of Lockheed Martin from a "strong-buy" rating to a "buy" rating in a report on Saturday, May 3rd. Nine equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Lockheed Martin has an average rating of "Moderate Buy" and a consensus target price of $541.80.

Lockheed Martin Trading Up 0.5%

Shares of Lockheed Martin stock traded up $2.40 on Friday, hitting $467.54. 1,316,927 shares of the company's stock traded hands, compared to its average volume of 1,285,103. The firm's 50-day moving average price is $461.25 and its two-hundred day moving average price is $480.58. The stock has a market capitalization of $109.54 billion, a PE ratio of 21.00, a price-to-earnings-growth ratio of 2.07 and a beta of 0.29. Lockheed Martin Co. has a one year low of $418.88 and a one year high of $618.95. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 EPS for the quarter, beating the consensus estimate of $6.34 by $0.94. The company had revenue of $17.96 billion during the quarter, compared to analysts' expectations of $17.83 billion. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. On average, research analysts expect that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, June 2nd will be given a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a dividend yield of 2.82%. The ex-dividend date of this dividend is Monday, June 2nd. Lockheed Martin's payout ratio is 57.02%.

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.