961 Shares in Lockheed Martin Co. (NYSE:LMT) Purchased by Everpar Advisors LLC

Everpar Advisors LLC acquired a new stake in Lockheed Martin Co. (NYSE:LMT) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 961 shares of the aerospace company’s stock, valued at approximately $436,000.

Other hedge funds have also recently modified their holdings of the company. Herold Advisors Inc. boosted its position in Lockheed Martin by 8.6% in the third quarter. Herold Advisors Inc. now owns 3,448 shares of the aerospace company’s stock worth $1,410,000 after purchasing an additional 274 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Lockheed Martin by 3.8% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,088 shares of the aerospace company’s stock worth $8,624,000 after buying an additional 770 shares during the last quarter. Alethea Capital Management LLC bought a new position in Lockheed Martin during the third quarter valued at about $415,000. New Mexico Educational Retirement Board increased its holdings in Lockheed Martin by 6.4% during the third quarter. New Mexico Educational Retirement Board now owns 11,697 shares of the aerospace company’s stock worth $4,784,000 after buying an additional 700 shares during the last quarter. Finally, Gilbert & Cook Inc. raised its position in Lockheed Martin by 22.8% in the third quarter. Gilbert & Cook Inc. now owns 1,275 shares of the aerospace company’s stock worth $521,000 after acquiring an additional 237 shares during the period. Institutional investors own 74.19% of the company’s stock.

Analysts Set New Price Targets

LMT has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft raised their price target on shares of Lockheed Martin from $467.00 to $487.00 and gave the stock a “hold” rating in a research note on Thursday, April 25th. Royal Bank of Canada dropped their price target on Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 24th. The Goldman Sachs Group decreased their price objective on Lockheed Martin from $380.00 to $377.00 and set a “sell” rating for the company in a report on Tuesday, April 23rd. Wells Fargo & Company upped their price objective on shares of Lockheed Martin from $460.00 to $480.00 and gave the company an “equal weight” rating in a report on Thursday, April 25th. Finally, Susquehanna reduced their target price on shares of Lockheed Martin from $550.00 to $540.00 and set a “positive” rating for the company in a research note on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $485.40.

Lockheed Martin Price Performance

NYSE:LMT traded down $0.41 during mid-day trading on Wednesday, hitting $466.27. 598,990 shares of the stock traded hands, compared to its average volume of 1,138,276. The business’s 50-day moving average price is $448.81 and its 200 day moving average price is $445.66. The company has a quick ratio of 1.11, a current ratio of 1.30 and a debt-to-equity ratio of 2.89. The company has a market cap of $111.88 billion, a PE ratio of 17.06, a price-to-earnings-growth ratio of 4.23 and a beta of 0.46. Lockheed Martin Co. has a 12-month low of $393.77 and a 12-month high of $479.50.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 EPS for the quarter, beating analysts’ consensus estimates of $5.80 by $0.53. Lockheed Martin had a net margin of 9.73% and a return on equity of 85.96%. The firm had revenue of $17.20 billion during the quarter, compared to analyst estimates of $16.04 billion. During the same period in the previous year, the business earned $6.43 EPS. The business’s revenue for the quarter was up 13.7% on a year-over-year basis. On average, analysts expect that Lockheed Martin Co. will post 26.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 3rd will be issued a dividend of $3.15 per share. This represents a $12.60 annualized dividend and a dividend yield of 2.70%. The ex-dividend date is Monday, June 3rd. Lockheed Martin’s payout ratio is 46.10%.

Insider Buying and Selling

In other Lockheed Martin news, SVP Maryanne Lavan sold 4,022 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $434.39, for a total value of $1,747,116.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Lockheed Martin news, SVP Maryanne Lavan sold 4,022 shares of Lockheed Martin stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Gregory M. Ulmer sold 6,204 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $431.19, for a total value of $2,675,102.76. Following the transaction, the insider now owns 12,604 shares in the company, valued at $5,434,718.76. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,874 shares of company stock worth $7,249,946. Insiders own 0.14% of the company’s stock.

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.