Foundations Investment Advisors LLC Grows Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

Foundations Investment Advisors LLC lifted its position in shares of Lockheed Martin Co. (NYSE:LMT – Get Rating) by 32.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 6,639 shares of the aerospace company’s stock after purchasing an additional 1,645 shares during the period. Foundations Investment Advisors LLC’s holdings in Lockheed Martin were worth $3,230,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of LMT. FMR LLC lifted its position in shares of Lockheed Martin by 39.9% during the 2nd quarter. FMR LLC now owns 5,966,076 shares of the aerospace company’s stock worth $2,565,175,000 after purchasing an additional 1,701,615 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of Lockheed Martin by 586.8% during the 1st quarter. Renaissance Technologies LLC now owns 369,500 shares of the aerospace company’s stock worth $163,097,000 after purchasing an additional 315,700 shares during the last quarter. GQG Partners LLC lifted its position in shares of Lockheed Martin by 18.0% during the 2nd quarter. GQG Partners LLC now owns 2,040,934 shares of the aerospace company’s stock worth $877,886,000 after purchasing an additional 311,513 shares during the last quarter. Vanguard Group Inc. raised its stake in Lockheed Martin by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 22,885,865 shares of the aerospace company’s stock worth $8,840,580,000 after acquiring an additional 289,110 shares in the last quarter. Finally, Neuberger Berman Group LLC raised its stake in Lockheed Martin by 83.5% during the 3rd quarter. Neuberger Berman Group LLC now owns 594,966 shares of the aerospace company’s stock worth $229,985,000 after acquiring an additional 270,780 shares in the last quarter. 75.18% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director John Donovan purchased 556 shares of the business’s stock in a transaction dated Wednesday, January 25th. The stock was acquired at an average price of $451.20 per share, for a total transaction of $250,867.20. Following the acquisition, the director now directly owns 2,324 shares of the company’s stock, valued at approximately $1,048,588.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director John Donovan purchased 556 shares of the stock in a transaction that occurred on Wednesday, January 25th. The shares were acquired at an average price of $451.20 per share, for a total transaction of $250,867.20. Following the acquisition, the director now directly owns 2,324 shares in the company, valued at approximately $1,048,588.80. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Timothy S. Cahill sold 2,534 shares of the firm’s stock in a transaction that occurred on Monday, March 6th. The shares were sold at an average price of $479.44, for a total value of $1,214,900.96. Following the completion of the transaction, the executive vice president now directly owns 10,460 shares of the company’s stock, valued at $5,014,942.40. The disclosure for this sale can be found here. Insiders own 0.17% of the company’s stock.

Lockheed Martin Stock Performance

Shares of Lockheed Martin stock traded down $7.37 on Friday, reaching $465.87. 6,525,176 shares of the stock were exchanged, compared to its average volume of 1,539,201. The firm has a market capitalization of $118.94 billion, a PE ratio of 21.46, a PEG ratio of 2.60 and a beta of 0.68. Lockheed Martin Co. has a 1-year low of $373.67 and a 1-year high of $498.95. The business has a fifty day moving average price of $467.37 and a two-hundred day moving average price of $457.85. The company has a current ratio of 1.32, a quick ratio of 1.13 and a debt-to-equity ratio of 1.67.

Lockheed Martin (NYSE:LMT – Get Rating) last released its earnings results on Tuesday, January 24th. The aerospace company reported $7.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.41 by $0.38. The company had revenue of $18.99 billion for the quarter, compared to analysts’ expectations of $18.25 billion. Lockheed Martin had a return on equity of 68.01% and a net margin of 8.69%. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $7.47 EPS. As a group, research analysts anticipate that Lockheed Martin Co. will post 26.86 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 24th. Shareholders of record on Wednesday, March 1st will be issued a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date of this dividend is Tuesday, February 28th. Lockheed Martin’s dividend payout ratio (DPR) is currently 55.27%.

Analyst Ratings Changes

Several brokerages recently commented on LMT. The Goldman Sachs Group lowered shares of Lockheed Martin from a “neutral” rating to a “sell” rating and cut their price target for the stock from $388.00 to $332.00 in a research note on Friday, January 13th. Jefferies Financial Group lifted their price target on shares of Lockheed Martin from $500.00 to $525.00 in a research note on Monday, December 5th. JPMorgan Chase & Co. lifted their price target on shares of Lockheed Martin from $450.00 to $505.00 and gave the stock a “neutral” rating in a research note on Monday, December 12th. Vertical Research lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating and set a $491.00 price target on the stock. in a research note on Friday, January 6th. Finally, DZ Bank upgraded shares of Lockheed Martin from a “hold” rating to a “buy” rating and set a $523.00 price target on the stock in a research note on Monday, January 30th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $490.43.

Lockheed Martin Company Profile

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Lockheed Martin Corp. is a global security and aerospace company, which engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services. It operates through the following business segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.