Tamar Securities LLC Boosts Stake in Lockheed Martin Co. (NYSE:LMT)

Tamar Securities LLC increased its position in Lockheed Martin Co. (NYSE:LMT) by 6.2% in the 4th quarter, Holdings Channel reports. The firm owned 29,906 shares of the aerospace company’s stock after buying an additional 1,739 shares during the period. Lockheed Martin makes up 2.7% of Tamar Securities LLC’s holdings, making the stock its 14th biggest holding. Tamar Securities LLC’s holdings in Lockheed Martin were worth $13,555,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in LMT. Bank Julius Baer & Co. Ltd Zurich raised its stake in Lockheed Martin by 73.0% during the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 64 shares of the aerospace company’s stock valued at $26,000 after acquiring an additional 27 shares during the last quarter. Activest Wealth Management lifted its stake in shares of Lockheed Martin by 1,200.0% during the 4th quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 60 shares during the period. CGC Financial Services LLC purchased a new position in shares of Lockheed Martin during the 2nd quarter worth $31,000. Coppell Advisory Solutions Corp. purchased a new position in shares of Lockheed Martin in the 4th quarter worth $31,000. Finally, Milestone Investment Advisors LLC purchased a new position in shares of Lockheed Martin in the 3rd quarter worth $33,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Price Performance

Shares of NYSE LMT traded up $1.34 during mid-day trading on Friday, reaching $455.38. 890,664 shares of the company traded hands, compared to its average volume of 1,105,625. Lockheed Martin Co. has a fifty-two week low of $393.77 and a fifty-two week 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. The firm has a market cap of $109.51 billion, a PE ratio of 16.53, a price-to-earnings-growth ratio of 4.14 and a beta of 0.48. The stock has a fifty day simple moving average of $434.76 and a 200-day simple moving average of $439.84.

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

Lockheed Martin Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 1st were given a $3.15 dividend. The ex-dividend date was Thursday, February 29th. This represents a $12.60 annualized dividend and a yield of 2.77%. Lockheed Martin’s dividend payout ratio (DPR) is 45.74%.

Insiders Place Their Bets

In other Lockheed Martin news, insider Gregory M. Ulmer sold 6,204 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $431.19, for a total transaction of $2,675,102.76. Following the sale, the insider now directly owns 12,604 shares of the company’s stock, valued at approximately $5,434,718.76. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Lockheed Martin news, COO John Frank A. St sold 6,648 shares of the business’s stock in a transaction 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Gregory M. Ulmer sold 6,204 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $431.19, for a total transaction 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 90 days, insiders have sold 16,874 shares of company stock worth $7,249,946. 0.17% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Citigroup lowered their price target on Lockheed Martin from $540.00 to $508.00 and set a “buy” rating for the company in a report on Wednesday, January 24th. Susquehanna decreased their price target on Lockheed Martin from $550.00 to $540.00 and set a “positive” rating for the company in a research note on Wednesday, January 24th. Royal Bank of Canada decreased their price target on Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 24th. Morgan Stanley cut 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 report on Wednesday, January 24th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Lockheed Martin from $438.00 to $472.00 in a report on Monday, January 22nd. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $491.92.

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.