816 Shares in Lockheed Martin Co. (NYSE:LMT) Acquired by Saxon Interests Inc.

Saxon Interests Inc. acquired a new position in Lockheed Martin Co. (NYSE:LMT) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 816 shares of the aerospace company’s stock, valued at approximately $370,000.

Several other institutional investors also recently modified their holdings of the stock. Sandbox Financial Partners LLC bought a new position in Lockheed Martin in the 4th quarter worth about $201,000. Ocean Capital Management LLC boosted its stake in Lockheed Martin by 13.1% in the 4th quarter. Ocean Capital Management LLC now owns 9,311 shares of the aerospace company’s stock worth $4,220,000 after purchasing an additional 1,077 shares in the last quarter. Transform Wealth LLC boosted its stake in Lockheed Martin by 4.1% in the 4th quarter. Transform Wealth LLC now owns 664 shares of the aerospace company’s stock worth $301,000 after purchasing an additional 26 shares in the last quarter. Ritholtz Wealth Management boosted its stake in Lockheed Martin by 91.0% in the 4th quarter. Ritholtz Wealth Management now owns 7,754 shares of the aerospace company’s stock worth $3,514,000 after purchasing an additional 3,694 shares in the last quarter. Finally, Everett Harris & Co. CA boosted its stake in Lockheed Martin by 1.3% in the 4th quarter. Everett Harris & Co. CA now owns 60,123 shares of the aerospace company’s stock worth $27,250,000 after purchasing an additional 779 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Stock Performance

Shares of NYSE:LMT traded down $1.88 during trading on Thursday, hitting $454.90. The company’s stock had a trading volume of 1,119,488 shares, compared to its average volume of 1,175,122. The company has a 50-day moving average of $433.47 and a 200-day moving average of $438.48. The firm has a market cap of $109.40 billion, a price-to-earnings ratio of 16.53, a P/E/G ratio of 4.08 and a beta of 0.48. Lockheed Martin Co. has a 12 month low of $393.77 and a 12 month high of $508.10. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.21 and a quick ratio of 1.03.

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

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 1st will be issued a $3.15 dividend. This represents a $12.60 annualized dividend and a yield of 2.77%. The ex-dividend date of this dividend is Thursday, February 29th. Lockheed Martin’s dividend payout ratio is 45.74%.

Insider Buying and Selling

In related news, SVP Maryanne Lavan sold 4,022 shares of the 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Lockheed Martin news, SVP Maryanne Lavan sold 4,022 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were 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 available through the SEC website. Also, COO John Frank A. St sold 6,648 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $425.35, for a total transaction of $2,827,726.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,874 shares of company stock valued at $7,249,946. 0.17% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft upped their price target on shares of Lockheed Martin from $438.00 to $472.00 in a research note on Monday, January 22nd. Royal Bank of Canada lowered their target price on shares of Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 24th. UBS Group lowered their target price on shares of Lockheed Martin from $488.00 to $475.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 24th. Susquehanna lowered their target price on shares of Lockheed Martin from $550.00 to $540.00 and set a “positive” rating on the stock in a research note on Wednesday, January 24th. Finally, Morgan Stanley lowered their target price on shares of Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 24th. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $491.92.

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.