Private Wealth Advisors Inc. Grows Position in Lockheed Martin Co. (LMT)

Private Wealth Advisors Inc. lifted its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 10.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,322 shares of the aerospace company’s stock after acquiring an additional 420 shares during the period. Private Wealth Advisors Inc.’s holdings in Lockheed Martin were worth $1,132,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Bremer Trust National Association acquired a new position in shares of Lockheed Martin during the 4th quarter valued at $25,000. Virtus ETF Advisers LLC acquired a new position in shares of Lockheed Martin during the 4th quarter valued at $31,000. Horan Securities Inc. raised its holdings in Lockheed Martin by 600.0% during the fourth quarter. Horan Securities Inc. now owns 126 shares of the aerospace company’s stock worth $35,000 after buying an additional 108 shares during the last quarter. Laurel Wealth Advisors LLC acquired a new position in Lockheed Martin during the fourth quarter worth $36,000. Finally, North Star Investment Management Corp. raised its holdings in Lockheed Martin by 43.5% during the fourth quarter. North Star Investment Management Corp. now owns 165 shares of the aerospace company’s stock worth $43,000 after buying an additional 50 shares during the last quarter. Institutional investors own 78.34% of the company’s stock.

In other news, insider John Frank A. St sold 1,900 shares of the stock in a transaction dated Wednesday, February 27th. The shares were sold at an average price of $305.42, for a total value of $580,298.00. Following the sale, the insider now directly owns 551 shares of the company’s stock, valued at $168,286.42. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Marillyn A. Hewson sold 59,434 shares of the stock in a transaction dated Tuesday, February 26th. The stock was sold at an average price of $306.60, for a total transaction of $18,222,464.40. Following the completion of the sale, the chairman now directly owns 109,531 shares in the company, valued at $33,582,204.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 85,186 shares of company stock valued at $26,010,927. 0.35% of the stock is owned by company insiders.

Several research analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Lockheed Martin from a “strong-buy” rating to a “hold” rating in a report on Monday, January 14th. ValuEngine downgraded shares of Lockheed Martin from a “hold” rating to a “sell” rating in a report on Tuesday, December 25th. Bank of America restated a “buy” rating and set a $390.00 price objective on shares of Lockheed Martin in a report on Wednesday, January 30th. Jefferies Financial Group restated a “hold” rating and set a $313.00 price objective on shares of Lockheed Martin in a report on Tuesday, February 5th. Finally, Susquehanna Bancshares assumed coverage on shares of Lockheed Martin in a report on Thursday, January 10th. They set a “positive” rating and a $321.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $350.00.

LMT opened at $298.51 on Friday. The stock has a market cap of $85.74 billion, a P/E ratio of 16.72, a P/E/G ratio of 2.24 and a beta of 1.02. The company has a debt-to-equity ratio of 8.70, a current ratio of 1.12 and a quick ratio of 0.91. Lockheed Martin Co. has a fifty-two week low of $241.18 and a fifty-two week high of $361.99.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 1st will be given a dividend of $2.20 per share. The ex-dividend date of this dividend is Thursday, February 28th. This represents a $8.80 annualized dividend and a yield of 2.95%. Lockheed Martin’s payout ratio is currently 49.30%.

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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. 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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