Lockheed Martin Co. (NYSE:LMT) Holdings Raised by Bell Investment Advisors Inc

Bell Investment Advisors Inc grew its position in Lockheed Martin Co. (NYSE:LMT) by 21.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 235 shares of the aerospace company’s stock after buying an additional 42 shares during the period. Bell Investment Advisors Inc’s holdings in Lockheed Martin were worth $114,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in LMT. Itau Unibanco Holding S.A. bought a new position in Lockheed Martin during the 3rd quarter worth $26,000. Heck Capital Advisors LLC bought a new position in Lockheed Martin during the 4th quarter worth $35,000. Capital Performance Advisors LLP bought a new position in Lockheed Martin during the 3rd quarter worth $40,000. Legacy Investment Solutions LLC bought a new position in Lockheed Martin during the 3rd quarter worth $42,000. Finally, Sugar Maple Asset Management LLC bought a new position in Lockheed Martin during the 4th quarter worth $47,000. 74.19% of the stock is currently owned by institutional investors.

Insider Activity at Lockheed Martin

In related news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the stock in a transaction 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 completion of the transaction, the insider now owns 2,000 shares in the company, valued at $884,840. This trade represents a 61.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Harry Edward Paul III sold 707 shares of the stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $442.61, for a total value of $312,925.27. Following the completion of the transaction, the vice president now 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. Insiders sold 7,133 shares of company stock worth $3,155,916 in the last quarter. 0.17% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Susquehanna lowered their price objective on Lockheed Martin from $590.00 to $550.00 and set a “positive” rating for the company in a research note on Wednesday, January 29th. JPMorgan Chase & Co. lowered their price objective on Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. Citigroup decreased their price target on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a research note on Tuesday, January 21st. Wells Fargo & Company increased their price target on Lockheed Martin from $468.00 to $476.00 and gave the stock an “equal weight” rating in a research note on Friday. Finally, Royal Bank of Canada decreased their price target on Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating for the company in a research note on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $554.20.

Lockheed Martin Trading Up 2.8 %

Shares of Lockheed Martin stock opened at $474.31 on Monday. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10. The firm has a market cap of $111.65 billion, a price-to-earnings ratio of 21.31, a price-to-earnings-growth ratio of 2.07 and a beta of 0.43. The business has a fifty day simple moving average of $462.89 and a 200-day simple moving average of $521.36. Lockheed Martin Co. has a fifty-two week low of $419.70 and a fifty-two week high of $618.95.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, beating the consensus estimate of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. On average, equities analysts forecast that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be issued a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a dividend yield of 2.78%. The ex-dividend date of this dividend is Monday, March 3rd. Lockheed Martin’s dividend payout ratio is 59.30%.

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.