Accel Wealth Management Has $377,000 Position in Lockheed Martin Co. (NYSE:LMT)

Accel Wealth Management boosted its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 6.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 833 shares of the aerospace company’s stock after buying an additional 51 shares during the quarter. Accel Wealth Management’s holdings in Lockheed Martin were worth $377,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Herold Advisors Inc. lifted its stake in shares of Lockheed Martin by 8.6% in the 3rd quarter. Herold Advisors Inc. now owns 3,448 shares of the aerospace company’s stock valued at $1,410,000 after purchasing an additional 274 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Lockheed Martin by 3.8% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,088 shares of the aerospace company’s stock valued at $8,624,000 after purchasing an additional 770 shares during the period. Alethea Capital Management LLC acquired a new position in shares of Lockheed Martin in the 3rd quarter valued at about $415,000. Meridian Wealth Management LLC lifted its stake in shares of Lockheed Martin by 149.0% in the 3rd quarter. Meridian Wealth Management LLC now owns 11,960 shares of the aerospace company’s stock valued at $4,892,000 after purchasing an additional 7,156 shares during the period. Finally, Central Bank & Trust Co. lifted its stake in shares of Lockheed Martin by 1.6% in the 3rd quarter. Central Bank & Trust Co. now owns 3,305 shares of the aerospace company’s stock valued at $1,352,000 after purchasing an additional 51 shares during the period. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Stock Performance

NYSE LMT traded down $1.88 on Thursday, hitting $454.90. 1,119,488 shares of the stock traded hands, compared to its average volume of 1,175,122. The business’s fifty day moving average is $433.47 and its two-hundred day moving average is $438.48. Lockheed Martin Co. has a 12 month low of $393.77 and a 12 month high of $508.10. The firm has a market capitalization of $109.40 billion, a price-to-earnings ratio of 16.53, a PEG ratio of 4.08 and a beta of 0.48. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.03 and a current ratio of 1.21.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, January 23rd. The aerospace company reported $7.90 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $17.96 billion. During the same period in the prior year, the company earned $7.79 earnings per share. Lockheed Martin’s revenue was down .6% compared to the same quarter last year. As a group, equities analysts anticipate that Lockheed Martin Co. will post 26.13 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 1st will be issued a dividend of $3.15 per share. 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 (DPR) is 45.74%.

Insiders Place Their Bets

In other Lockheed Martin news, SVP Maryanne Lavan sold 4,022 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total transaction of $1,747,116.58. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Lockheed Martin news, SVP Maryanne Lavan sold 4,022 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total transaction of $1,747,116.58. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Gregory M. Ulmer sold 6,204 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $431.19, for a total value of $2,675,102.76. Following the sale, the insider now owns 12,604 shares in the company, valued at approximately $5,434,718.76. 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 over the last 90 days. Corporate insiders own 0.17% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently 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 on the stock in a research note on Wednesday, January 24th. UBS Group decreased their price objective on Lockheed Martin from $488.00 to $475.00 and set a “neutral” rating for the company in a report on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft boosted their price objective on Lockheed Martin from $438.00 to $472.00 in a report on Monday, January 22nd. Citigroup decreased their price objective on Lockheed Martin from $540.00 to $508.00 and set a “buy” rating for the company in a report on Wednesday, January 24th. Finally, Morgan Stanley decreased their price objective on Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating for the company in a report on Wednesday, January 24th. Nine investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Lockheed Martin has a consensus 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.