Robertson Stephens Wealth Management LLC Grows Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

Robertson Stephens Wealth Management LLC lifted its position in Lockheed Martin Co. (NYSE:LMT) by 5.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,647 shares of the aerospace company’s stock after purchasing an additional 91 shares during the quarter. Robertson Stephens Wealth Management LLC’s holdings in Lockheed Martin were worth $746,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LMT. Triumph Capital Management raised its stake in shares of Lockheed Martin by 3.1% in the third quarter. Triumph Capital Management now owns 723 shares of the aerospace company’s stock valued at $296,000 after acquiring an additional 22 shares during the period. Abbrea Capital LLC lifted its stake in Lockheed Martin by 1.7% during the 3rd quarter. Abbrea Capital LLC now owns 1,397 shares of the aerospace company’s stock valued at $571,000 after acquiring an additional 23 shares during the period. Pinnacle Wealth Planning Services Inc. increased its holdings in Lockheed Martin by 1.6% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 1,429 shares of the aerospace company’s stock worth $584,000 after acquiring an additional 23 shares in the last quarter. Duncker Streett & Co. Inc. boosted its stake in Lockheed Martin by 1.2% during the 3rd quarter. Duncker Streett & Co. Inc. now owns 2,013 shares of the aerospace company’s stock worth $823,000 after purchasing an additional 24 shares during the last quarter. Finally, Norris Perne & French LLP MI boosted its position in shares of Lockheed Martin by 2.8% during the 4th quarter. Norris Perne & French LLP MI now owns 905 shares of the aerospace company’s stock valued at $410,000 after acquiring an additional 25 shares during the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Stock Down 0.7 %

NYSE LMT traded down $3.28 on Friday, reaching $459.92. The company had a trading volume of 224,146 shares, compared to its average volume of 1,145,226. The firm has a market capitalization of $110.35 billion, a PE ratio of 16.75, a P/E/G ratio of 4.22 and a beta of 0.46. Lockheed Martin Co. has a 1 year low of $393.77 and a 1 year high of $479.50. The firm has a 50-day moving average of $446.80 and a 200-day moving average of $445.23. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.30 and a quick ratio of 1.11.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share for the quarter, topping the consensus estimate of $5.80 by $0.53. Lockheed Martin had a return on equity of 85.96% and a net margin of 9.73%. The firm had revenue of $17.20 billion for the quarter, compared to analyst estimates of $16.04 billion. During the same period last year, the company earned $6.43 earnings per share. The firm’s revenue for the quarter was up 13.7% on a year-over-year basis. On average, equities research analysts anticipate that Lockheed Martin Co. will post 26.15 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 3rd will be issued a dividend of $3.15 per share. This represents a $12.60 annualized dividend and a dividend yield of 2.74%. Lockheed Martin’s dividend payout ratio is 46.10%.

Insider Buying and Selling

In other news, SVP Maryanne Lavan sold 4,022 shares of Lockheed Martin stock in a transaction that occurred 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Lockheed Martin news, COO John Frank A. St sold 6,648 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $425.35, for a total value of $2,827,726.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Maryanne Lavan sold 4,022 shares of the company’s 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 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. Corporate insiders own 0.17% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on LMT. JPMorgan Chase & Co. upgraded shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $475.00 to $518.00 in a research note on Monday, April 15th. Citigroup increased their price target on shares of Lockheed Martin from $508.00 to $525.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. The Goldman Sachs Group decreased their price objective on Lockheed Martin from $380.00 to $377.00 and set a “sell” rating for the company in a report on Tuesday, April 23rd. Royal Bank of Canada decreased their price objective on Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating for the company in a report on Wednesday, January 24th. Finally, StockNews.com raised Lockheed Martin from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Lockheed Martin has an average rating of “Hold” and an average target price of $485.40.

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.