Lockheed Martin Co. (NYSE:LMT) Shares Purchased by Evergreen Wealth Management LLC

Evergreen Wealth Management LLC boosted its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 2.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,383 shares of the aerospace company’s stock after buying an additional 136 shares during the quarter. Lockheed Martin accounts for about 1.8% of Evergreen Wealth Management LLC’s portfolio, making the stock its 21st largest holding. Evergreen Wealth Management LLC’s holdings in Lockheed Martin were worth $2,440,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. International Assets Investment Management LLC grew its position in Lockheed Martin by 10,526.6% during the fourth quarter. International Assets Investment Management LLC now owns 1,362,228 shares of the aerospace company’s stock valued at $617,416,000 after buying an additional 1,349,409 shares during the period. Vanguard Group Inc. raised its holdings in Lockheed Martin by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 22,302,719 shares of the aerospace company’s stock worth $9,120,920,000 after purchasing an additional 279,162 shares during the period. Envestnet Asset Management Inc. boosted its position in Lockheed Martin by 28.5% during the third quarter. Envestnet Asset Management Inc. now owns 707,696 shares of the aerospace company’s stock worth $289,419,000 after purchasing an additional 156,842 shares in the last quarter. Wellington Management Group LLP grew its holdings in Lockheed Martin by 4.0% in the third quarter. Wellington Management Group LLP now owns 3,158,783 shares of the aerospace company’s stock valued at $1,291,816,000 after purchasing an additional 121,358 shares during the period. Finally, AQR Capital Management LLC increased its position in shares of Lockheed Martin by 32.4% in the third quarter. AQR Capital Management LLC now owns 449,167 shares of the aerospace company’s stock valued at $183,691,000 after buying an additional 110,021 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Trading Down 0.3 %

Shares of NYSE LMT traded down $1.29 during mid-day trading on Friday, reaching $461.91. 910,781 shares of the company’s stock were exchanged, compared to its average volume of 1,142,922. The firm has a market capitalization of $110.83 billion, a price-to-earnings ratio of 16.90, a PEG ratio of 4.23 and a beta of 0.46. Lockheed Martin Co. has a 52-week low of $393.77 and a 52-week high of $479.50. The company’s 50-day moving average is $447.42 and its 200-day moving average is $445.41. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.11 and a current ratio of 1.30.

Lockheed Martin (NYSE:LMT) last announced 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 net margin of 9.73% and a return on equity of 85.96%. The company had revenue of $17.20 billion during the quarter, compared to analyst estimates of $16.04 billion. During the same quarter last year, the firm posted $6.43 earnings per share. Lockheed Martin’s revenue was up 13.7% compared to the same quarter last year. Analysts expect that Lockheed Martin Co. will post 26.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 3rd will be given a dividend of $3.15 per share. The ex-dividend date is Monday, June 3rd. This represents a $12.60 annualized dividend and a dividend yield of 2.73%. Lockheed Martin’s dividend payout ratio is currently 46.10%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. StockNews.com upgraded Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 25th. Susquehanna dropped their target price on shares of Lockheed Martin from $550.00 to $540.00 and set a “positive” rating for the company in a report on Wednesday, January 24th. Royal Bank of Canada decreased their price target on shares of 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. The Goldman Sachs Group cut their price objective on shares of Lockheed Martin from $380.00 to $377.00 and set a “sell” rating for the company in a report on Tuesday, April 23rd. Finally, Wells Fargo & Company boosted their target price on Lockheed Martin from $460.00 to $480.00 and gave the stock an “equal weight” rating in a report on Thursday, April 25th. One analyst has rated the stock with a sell rating, six have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $485.40.

Insider Activity

In related news, SVP Maryanne Lavan sold 4,022 shares of the firm’s stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, 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 value of $2,827,726.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Maryanne Lavan sold 4,022 shares of the stock in a transaction 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. Over the last ninety days, insiders sold 16,874 shares of company stock valued at $7,249,946. 0.17% of the stock is currently owned by corporate insiders.

Lockheed Martin Company Profile

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.