Catalyst Financial Partners LLC Boosts Position in Lockheed Martin Co. (NYSE:LMT)

Catalyst Financial Partners LLC grew its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 14.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 839 shares of the aerospace company’s stock after buying an additional 108 shares during the quarter. Catalyst Financial Partners LLC’s holdings in Lockheed Martin were worth $380,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in LMT. Pinnacle Wealth Management Advisory Group LLC lifted its stake in shares of Lockheed Martin by 5.6% during the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 7,529 shares of the aerospace company’s stock worth $3,413,000 after purchasing an additional 397 shares in the last quarter. Townsend & Associates Inc lifted its position in Lockheed Martin by 2.2% during the 4th quarter. Townsend & Associates Inc now owns 9,541 shares of the aerospace company’s stock worth $4,119,000 after acquiring an additional 207 shares in the last quarter. National Pension Service boosted its holdings in Lockheed Martin by 1.9% in the 4th quarter. National Pension Service now owns 366,339 shares of the aerospace company’s stock worth $166,039,000 after acquiring an additional 6,769 shares during the period. Evexia Wealth LLC grew its position in Lockheed Martin by 2.9% in the fourth quarter. Evexia Wealth LLC now owns 15,696 shares of the aerospace company’s stock valued at $6,686,000 after acquiring an additional 445 shares in the last quarter. Finally, Everpar Advisors LLC purchased a new stake in shares of Lockheed Martin during the fourth quarter valued at approximately $436,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Insider Transactions at Lockheed Martin

In related news, insider Gregory M. Ulmer sold 6,204 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $431.19, for a total transaction of $2,675,102.76. Following the completion of the transaction, the insider now directly owns 12,604 shares in the company, valued at approximately $5,434,718.76. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Lockheed Martin news, COO John Frank A. St sold 6,648 shares of the company’s stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Gregory M. Ulmer sold 6,204 shares of Lockheed Martin stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $431.19, for a total value of $2,675,102.76. Following the sale, the insider now directly owns 12,604 shares in the company, valued at approximately $5,434,718.76. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,874 shares of company stock worth $7,249,946. 0.14% of the stock is currently owned by company insiders.

Lockheed Martin Stock Performance

Shares of NYSE LMT traded down $0.41 during trading on Wednesday, reaching $466.27. The stock had a trading volume of 598,990 shares, compared to its average volume of 1,138,276. The firm’s 50 day moving average price is $448.81 and its two-hundred day moving average price is $445.66. Lockheed Martin Co. has a one year low of $393.77 and a one year high of $479.50. The stock has a market cap of $111.88 billion, a PE ratio of 17.06, a P/E/G ratio of 4.23 and a beta of 0.46. 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 issued its earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $16.04 billion. During the same period in the prior year, the company earned $6.43 earnings per share. The firm’s revenue was up 13.7% compared to the same quarter last year. On average, research analysts forecast that Lockheed Martin Co. will post 26.15 earnings per share 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 2.70%. The ex-dividend date is Monday, June 3rd. Lockheed Martin’s dividend payout ratio (DPR) is presently 46.10%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on LMT shares. JPMorgan Chase & Co. upgraded shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and upped their target price for the company from $475.00 to $518.00 in a research note on Monday, April 15th. StockNews.com raised Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 25th. Susquehanna reduced their price target on Lockheed Martin from $550.00 to $540.00 and set a “positive” rating for the company in a report on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft raised their price objective on Lockheed Martin from $467.00 to $487.00 and gave the company a “hold” rating in a research note on Thursday, April 25th. Finally, Morgan Stanley cut their target price on Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 24th. One 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 company. According to MarketBeat, Lockheed Martin presently has a consensus rating of “Hold” and an average target price of $485.40.

Lockheed Martin 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.