M&R Capital Management Inc. Purchases 34 Shares of Lockheed Martin Co. (NYSE:LMT)

M&R Capital Management Inc. lifted its position in shares of Lockheed Martin Co. (NYSE:LMT – Get Rating) by 46.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 107 shares of the aerospace company’s stock after purchasing an additional 34 shares during the quarter. M&R Capital Management Inc.’s holdings in Lockheed Martin were worth $52,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LMT. IMA Wealth Inc. boosted its position in shares of Lockheed Martin by 41.8% during the second quarter. IMA Wealth Inc. now owns 78 shares of the aerospace company’s stock worth $34,000 after purchasing an additional 23 shares in the last quarter. Optiver Holding B.V. bought a new stake in Lockheed Martin in the 3rd quarter valued at $36,000. Cowa LLC bought a new stake in Lockheed Martin in the 3rd quarter valued at $39,000. Heritage Wealth Management LLC bought a new stake in Lockheed Martin in the 2nd quarter valued at $42,000. Finally, Paragon Wealth Strategies LLC bought a new stake in Lockheed Martin in the 3rd quarter valued at $44,000. 75.18% of the stock is owned by institutional investors.

Insider Transactions at Lockheed Martin

In other news, EVP Timothy S. Cahill sold 2,534 shares of the business’s stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $479.44, for a total transaction of $1,214,900.96. Following the transaction, the executive vice president now directly owns 10,460 shares in the company, valued at approximately $5,014,942.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director John Donovan purchased 556 shares of the firm’s stock in a transaction that occurred on Wednesday, January 25th. The shares were acquired at an average price of $451.20 per share, for a total transaction of $250,867.20. Following the purchase, the director now owns 2,324 shares in the company, valued at $1,048,588.80. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Timothy S. Cahill sold 2,534 shares of the company’s stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $479.44, for a total transaction of $1,214,900.96. Following the completion of the transaction, the executive vice president now owns 10,460 shares in the company, valued at approximately $5,014,942.40. The disclosure for this sale can be found here. 0.17% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on LMT shares. DZ Bank raised shares of Lockheed Martin from a “hold” rating to a “buy” rating and set a $523.00 price objective on the stock in a research report on Monday, January 30th. Citigroup started coverage on shares of Lockheed Martin in a research report on Thursday, December 8th. They issued a “buy” rating and a $546.00 price objective on the stock. Jefferies Financial Group boosted their price objective on shares of Lockheed Martin from $500.00 to $525.00 in a research report on Monday, December 5th. Susquehanna boosted their price objective on shares of Lockheed Martin from $510.00 to $512.00 and gave the company a “positive” rating in a research report on Wednesday, January 25th. Finally, Wells Fargo & Company boosted their price target on shares of Lockheed Martin from $417.00 to $422.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 25th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Lockheed Martin has a consensus rating of “Hold” and a consensus target price of $490.43.

Lockheed Martin Stock Down 1.6 %

Lockheed Martin stock opened at $465.87 on Friday. The firm has a market capitalization of $118.57 billion, a PE ratio of 21.46, a P/E/G ratio of 2.57 and a beta of 0.68. The company’s 50-day moving average is $467.37 and its 200-day moving average is $458.08. Lockheed Martin Co. has a fifty-two week low of $373.67 and a fifty-two week high of $498.95. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.32 and a quick ratio of 1.13.

Lockheed Martin (NYSE:LMT – Get Rating) last released its quarterly earnings data on Tuesday, January 24th. The aerospace company reported $7.79 earnings per share for the quarter, topping the consensus estimate of $7.41 by $0.38. The company had revenue of $18.99 billion for the quarter, compared to analyst estimates of $18.25 billion. Lockheed Martin had a net margin of 8.69% and a return on equity of 68.01%. Lockheed Martin’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the previous year, the business earned $7.47 EPS. Sell-side analysts anticipate that Lockheed Martin Co. will post 26.86 earnings per share for the current year.

Lockheed Martin Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 24th. Stockholders of record on Wednesday, March 1st will be paid a dividend of $3.00 per share. The ex-dividend date of this dividend is Tuesday, February 28th. This represents a $12.00 annualized dividend and a dividend yield of 2.58%. Lockheed Martin’s dividend payout ratio is presently 55.27%.

Lockheed Martin Profile

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Lockheed Martin Corp. is a global security and aerospace company, which engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services. It operates through the following business segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.