Lockheed Martin Co. (NYSE:LMT) Shares Acquired by OmniStar Financial Group Inc.

OmniStar Financial Group Inc. grew its holdings in Lockheed Martin Co. (NYSE:LMT) by 2.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,695 shares of the aerospace company’s stock after buying an additional 35 shares during the quarter. OmniStar Financial Group Inc.’s holdings in Lockheed Martin were worth $769,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LMT. Bank Julius Baer & Co. Ltd Zurich raised its holdings in Lockheed Martin by 73.0% during the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 64 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 27 shares during the last quarter. CGC Financial Services LLC acquired a new position in Lockheed Martin during the second quarter worth $31,000. Coppell Advisory Solutions Corp. acquired a new position in Lockheed Martin during the fourth quarter worth $31,000. Milestone Investment Advisors LLC acquired a new position in Lockheed Martin during the third quarter worth $33,000. Finally, Providence Capital Advisors LLC purchased a new position in Lockheed Martin during the third quarter worth $35,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Lockheed Martin

In related news, SVP Maryanne Lavan sold 4,022 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was 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 SEC, which is available through this link. In other news, COO John Frank A. St sold 6,648 shares of Lockheed Martin stock in a transaction on Friday, March 1st. The stock was sold at an average price of $425.35, for a total transaction of $2,827,726.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Maryanne Lavan sold 4,022 shares of Lockheed Martin stock in a transaction 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 disclosure for this sale can be found here. Insiders have sold a total of 16,874 shares of company stock worth $7,249,946 in the last three months. 0.17% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on LMT shares. Royal Bank of Canada dropped their price target on Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 24th. Morgan Stanley lowered their price target on Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 24th. Susquehanna reduced their price objective on Lockheed Martin from $550.00 to $540.00 and set a “positive” rating on the stock in a research note on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft boosted their price objective on Lockheed Martin from $438.00 to $472.00 in a research note on Monday, January 22nd. Finally, UBS Group cut their price target on Lockheed Martin from $488.00 to $475.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 24th. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $491.92.

Lockheed Martin Stock Performance

Shares of Lockheed Martin stock traded down $0.26 on Tuesday, reaching $446.05. 766,700 shares of the company were exchanged, compared to its average volume of 1,174,756. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.03 and a current ratio of 1.21. The company’s 50-day moving average is $433.69 and its two-hundred day moving average is $438.19. The firm has a market cap of $107.27 billion, a price-to-earnings ratio of 16.19, a P/E/G ratio of 4.08 and a beta of 0.48. Lockheed Martin Co. has a 1-year low of $393.77 and a 1-year high of $508.10.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, January 23rd. The aerospace company reported $7.90 earnings per share for the quarter, topping analysts’ consensus estimates of $7.26 by $0.64. Lockheed Martin had a return on equity of 79.91% and a net margin of 10.24%. The business had revenue of $18.87 billion for the quarter, compared to analysts’ expectations of $17.96 billion. During the same period in the prior year, the firm earned $7.79 EPS. The business’s quarterly revenue was down .6% on a year-over-year basis. As a group, research analysts expect that Lockheed Martin Co. will post 26.13 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 1st will be given a $3.15 dividend. This represents a $12.60 annualized dividend and a yield of 2.82%. The ex-dividend date is Thursday, February 29th. Lockheed Martin’s dividend payout ratio is currently 45.74%.

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.