1,822 Shares in Lockheed Martin Co. (NYSE:LMT) Purchased by Rossby Financial LCC

Rossby Financial LCC bought a new position in Lockheed Martin Co. (NYSE:LMT - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,822 shares of the aerospace company's stock, valued at approximately $885,000.

A number of other large investors have also made changes to their positions in the company. Millstone Evans Group LLC bought a new position in shares of Lockheed Martin in the fourth quarter worth approximately $32,000. Mizuho Securities Co. Ltd. purchased a new stake in Lockheed Martin during the fourth quarter valued at approximately $34,000. Heck Capital Advisors LLC bought a new stake in Lockheed Martin in the fourth quarter worth $35,000. Redwood Park Advisors LLC purchased a new stake in Lockheed Martin in the 4th quarter worth about $40,000. Finally, Runnymede Capital Advisors Inc. bought a new stake in shares of Lockheed Martin during the 4th quarter worth approximately $42,000. 74.19% of the stock is currently owned by institutional investors.

Insider Activity

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

Lockheed Martin Stock Performance

NYSE:LMT traded down $13.28 during mid-day trading on Friday, hitting $463.80. The company's stock had a trading volume of 3,051,557 shares, compared to its average volume of 1,243,241. The business's fifty day moving average is $451.95 and its two-hundred day moving average is $498.23. The stock has a market cap of $108.79 billion, a price-to-earnings ratio of 20.84, a PEG ratio of 2.07 and a beta of 0.39. Lockheed Martin Co. has a 1 year low of $418.88 and a 1 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 announced its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.58 by $1.09. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. Analysts anticipate that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 3rd were issued a $3.30 dividend. This represents a $13.20 annualized dividend and a yield of 2.85%. The ex-dividend date of this dividend was Monday, March 3rd. Lockheed Martin's payout ratio is currently 59.30%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on LMT shares. Citigroup lowered their price objective on shares of Lockheed Martin from $700.00 to $600.00 and set a "buy" rating for the company in a research report on Tuesday, January 21st. StockNews.com lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating in a report on Tuesday, April 1st. Wells Fargo & Company dropped their target price on Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. UBS Group lowered their price target on shares of Lockheed Martin from $527.00 to $508.00 and set a "neutral" rating on the stock in a report on Wednesday, January 29th. Finally, Royal Bank of Canada cut Lockheed Martin from an "outperform" rating to a "sector perform" rating and lowered their price objective for the stock from $550.00 to $480.00 in a research report on Thursday, March 27th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $539.93.

About Lockheed Martin

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.