Edge Capital Group LLC acquired a new stake in Lockheed Martin Co. (NYSE:LMT) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 2,139 shares of the aerospace company’s stock, valued at approximately $560,000.

Other hedge funds have also made changes to their positions in the company. Hoylecohen LLC raised its holdings in shares of Lockheed Martin by 35.1% during the fourth quarter. Hoylecohen LLC now owns 1,166 shares of the aerospace company’s stock worth $305,000 after acquiring an additional 303 shares during the period. Pensionmark Financial Group LLC acquired a new stake in shares of Lockheed Martin during the fourth quarter worth $262,000. Morningstar Investment Services LLC acquired a new stake in shares of Lockheed Martin during the fourth quarter worth $246,000. MML Investors Services LLC raised its holdings in shares of Lockheed Martin by 0.3% during the fourth quarter. MML Investors Services LLC now owns 37,589 shares of the aerospace company’s stock worth $9,842,000 after acquiring an additional 113 shares during the period. Finally, Squarepoint Ops LLC raised its holdings in shares of Lockheed Martin by 612.9% during the fourth quarter. Squarepoint Ops LLC now owns 117,285 shares of the aerospace company’s stock worth $30,710,000 after acquiring an additional 100,833 shares during the period. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

In other news, SVP Maryanne Lavan sold 5,515 shares of Lockheed Martin stock in a transaction dated Tuesday, February 26th. The shares were sold at an average price of $306.31, for a total value of $1,689,299.65. Following the completion of the transaction, the senior vice president now owns 6,835 shares of the company’s stock, valued at approximately $2,093,628.85. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Marillyn A. Hewson sold 59,434 shares of Lockheed Martin stock in a transaction dated Tuesday, February 26th. The shares were sold at an average price of $306.60, for a total transaction of $18,222,464.40. Following the completion of the transaction, the chairman now directly owns 109,531 shares of the company’s stock, valued at approximately $33,582,204.60. The disclosure for this sale can be found here. In the last three months, insiders sold 85,186 shares of company stock valued at $26,010,927. Insiders own 0.35% of the company’s stock.

A number of brokerages recently commented on LMT. ValuEngine lowered shares of Lockheed Martin from a “hold” rating to a “sell” rating in a report on Wednesday, February 20th. Morgan Stanley lifted their price target on shares of Lockheed Martin from $300.00 to $324.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 13th. Jefferies Financial Group reiterated a “hold” rating and issued a $313.00 price target on shares of Lockheed Martin in a research note on Tuesday, February 5th. Barclays lowered their price target on shares of Lockheed Martin from $369.00 to $325.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 4th. Finally, Bank of America reiterated a “buy” rating and issued a $390.00 price target on shares of Lockheed Martin in a research note on Wednesday, January 30th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $350.00.

Shares of LMT stock opened at $293.95 on Thursday. The company has a current ratio of 1.12, a quick ratio of 0.91 and a debt-to-equity ratio of 8.70. Lockheed Martin Co. has a 1 year low of $241.18 and a 1 year high of $361.99. The firm has a market capitalization of $83.33 billion, a price-to-earnings ratio of 16.51, a price-to-earnings-growth ratio of 2.19 and a beta of 1.02.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, January 29th. The aerospace company reported $4.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $4.39. Lockheed Martin had a net margin of 9.39% and a return on equity of 726.78%. The firm had revenue of $14.41 billion for the quarter, compared to analyst estimates of $13.75 billion. During the same period in the previous year, the business earned ($2.25) EPS. The company’s revenue was up 4.1% compared to the same quarter last year. Research analysts expect that Lockheed Martin Co. will post 19.42 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 1st will be given a $2.20 dividend. This represents a $8.80 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date of this dividend is Thursday, February 28th. Lockheed Martin’s dividend payout ratio (DPR) is presently 49.30%.

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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. It operates through four segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.

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Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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