Lockheed Martin Co. (NYSE:LMT) Shares Acquired by Fort Sheridan Advisors LLC

Fort Sheridan Advisors LLC lifted its holdings in shares of Lockheed Martin Co. (NYSE:LMTGet Rating) by 13.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,593 shares of the aerospace company’s stock after purchasing an additional 298 shares during the quarter. Fort Sheridan Advisors LLC’s holdings in Lockheed Martin were worth $922,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the company. Regal Investment Advisors LLC lifted its position in shares of Lockheed Martin by 14.0% during the fourth quarter. Regal Investment Advisors LLC now owns 666 shares of the aerospace company’s stock worth $237,000 after purchasing an additional 82 shares in the last quarter. Monograph Wealth Advisors LLC acquired a new stake in Lockheed Martin in the fourth quarter valued at approximately $604,000. Cutter & CO Brokerage Inc. acquired a new stake in Lockheed Martin in the fourth quarter valued at approximately $337,000. Confluence Wealth Services Inc. acquired a new stake in Lockheed Martin in the fourth quarter valued at approximately $361,000. Finally, CarsonAllaria Wealth Management Ltd. acquired a new stake in Lockheed Martin in the fourth quarter valued at approximately $236,000. 78.89% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director John Donovan purchased 568 shares of the firm’s stock in a transaction that occurred on Thursday, April 21st. The stock was purchased at an average cost of $440.55 per share, with a total value of $250,232.40. Following the completion of the acquisition, the director now directly owns 568 shares in the company, valued at $250,232.40. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Brian P. Colan sold 1,937 shares of the firm’s stock in a transaction on Monday, February 28th. The shares were sold at an average price of $426.45, for a total value of $826,033.65. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 17,250 shares of company stock valued at $7,464,599. Corporate insiders own 0.17% of the company’s stock.

Shares of LMT traded up $0.58 during mid-day trading on Friday, reaching $435.17. 1,114,755 shares of the company’s stock were exchanged, compared to its average volume of 1,365,356. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.27 and a quick ratio of 1.07. The stock has a market capitalization of $115.80 billion, a PE ratio of 19.22, a price-to-earnings-growth ratio of 2.89 and a beta of 0.76. The business’s fifty day simple moving average is $445.94 and its 200-day simple moving average is $393.07. Lockheed Martin Co. has a 52-week low of $324.23 and a 52-week high of $479.99.

Lockheed Martin (NYSE:LMTGet Rating) last announced its earnings results on Tuesday, April 19th. The aerospace company reported $6.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.22 by $0.22. Lockheed Martin had a net margin of 9.45% and a return on equity of 81.35%. The business had revenue of $14.96 billion for the quarter, compared to analyst estimates of $15.49 billion. During the same period last year, the firm posted $6.56 earnings per share. The company’s revenue for the quarter was down 8.0% compared to the same quarter last year. Equities research analysts predict that Lockheed Martin Co. will post 26.85 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 24th. Investors of record on Wednesday, June 1st will be issued a dividend of $2.80 per share. This represents a $11.20 annualized dividend and a dividend yield of 2.57%. The ex-dividend date is Tuesday, May 31st. Lockheed Martin’s dividend payout ratio is presently 49.47%.

Several analysts recently weighed in on the stock. Seaport Res Ptn reaffirmed a “buy” rating on shares of Lockheed Martin in a report on Tuesday, April 19th. Wolfe Research raised shares of Lockheed Martin from a “peer perform” rating to an “outperform” rating and set a $467.00 target price on the stock in a report on Monday, February 28th. Robert W. Baird increased their price target on shares of Lockheed Martin from $376.00 to $425.00 in a research note on Wednesday, January 26th. Susquehanna Bancshares increased their price target on shares of Lockheed Martin from $515.00 to $539.00 in a research note on Wednesday, April 20th. Finally, Argus increased their price target on shares of Lockheed Martin from $415.00 to $500.00 in a research note on Wednesday, April 20th. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $448.86.

Lockheed Martin Company Profile (Get Rating)

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. It operates through four segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space.

Featured Articles

Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

Receive News & Ratings for Lockheed Martin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lockheed Martin and related companies with MarketBeat.com's FREE daily email newsletter.