Rockbridge Capital Management LLC Buys New Stake in Lockheed Martin Co. (NYSE:LMT)

Rockbridge Capital Management LLC bought a new position in Lockheed Martin Co. (NYSE:LMT - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 18,202 shares of the aerospace company's stock, valued at approximately $8,845,000. Lockheed Martin accounts for about 5.0% of Rockbridge Capital Management LLC's portfolio, making the stock its 10th biggest position.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. ProShare Advisors LLC lifted its holdings in shares of Lockheed Martin by 8.3% during the fourth quarter. ProShare Advisors LLC now owns 33,281 shares of the aerospace company's stock worth $16,173,000 after buying an additional 2,546 shares during the last quarter. Quantinno Capital Management LP boosted its holdings in Lockheed Martin by 24.0% in the 4th quarter. Quantinno Capital Management LP now owns 31,942 shares of the aerospace company's stock valued at $15,522,000 after purchasing an additional 6,189 shares during the period. Pathstone Holdings LLC boosted its holdings in Lockheed Martin by 2.6% in the 4th quarter. Pathstone Holdings LLC now owns 26,469 shares of the aerospace company's stock valued at $12,863,000 after purchasing an additional 675 shares during the period. Mufg Securities Americas Inc. acquired a new stake in Lockheed Martin in the 4th quarter worth $1,514,000. Finally, Nomura Holdings Inc. increased its holdings in shares of Lockheed Martin by 129.7% during the 4th quarter. Nomura Holdings Inc. now owns 10,359 shares of the aerospace company's stock worth $5,034,000 after purchasing an additional 5,849 shares during the period. Institutional investors and hedge funds own 74.19% of the company's stock.

Insider Transactions at Lockheed Martin

In related news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of Lockheed Martin stock in a transaction dated Wednesday, February 26th. The stock was 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 directly owns 2,000 shares of the company's stock, valued at $884,840. The trade was a 61.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Harry Edward Paul III sold 707 shares of the stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $442.61, for a total transaction of $312,925.27. Following the sale, the vice president now directly owns 2,278 shares in the company, valued at approximately $1,008,265.58. This represents a 23.69% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,133 shares of company stock valued at $3,155,916 in the last three months. 0.14% of the stock is owned by corporate insiders.

Lockheed Martin Stock Down 2.5%

Shares of NYSE LMT opened at $448.19 on Thursday. Lockheed Martin Co. has a 52-week low of $418.88 and a 52-week high of $618.95. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13. The business has a fifty day moving average of $461.53 and a two-hundred day moving average of $481.21. The stock has a market cap of $105.01 billion, a PE ratio of 20.13, a PEG ratio of 2.07 and a beta of 0.29.

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

Lockheed Martin Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Monday, June 2nd will be paid a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date is Monday, June 2nd. Lockheed Martin's dividend payout ratio (DPR) is currently 57.02%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on LMT shares. Robert W. Baird upgraded shares of Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 target price for the company in a research note on Wednesday, April 23rd. Wells Fargo & Company cut their price target on Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Jefferies Financial Group decreased their price objective on Lockheed Martin from $510.00 to $500.00 and set a "hold" rating on the stock in a report on Monday, April 28th. Baird R W upgraded Lockheed Martin from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. reduced their target price on Lockheed Martin from $540.00 to $535.00 and set an "overweight" rating for the company in a research report on Thursday, January 30th. 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's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $541.80.

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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