Mason & Associates Inc Purchases 145 Shares of Lockheed Martin Co. (NYSE:LMT)

Mason & Associates Inc grew its stake in Lockheed Martin Co. (NYSE:LMT) by 12.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,285 shares of the aerospace company’s stock after purchasing an additional 145 shares during the period. Mason & Associates Inc’s holdings in Lockheed Martin were worth $582,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Bank Julius Baer & Co. Ltd Zurich raised its holdings in shares of Lockheed Martin by 73.0% in the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 64 shares of the aerospace company’s stock worth $26,000 after buying an additional 27 shares in the last quarter. CGC Financial Services LLC bought a new stake in Lockheed Martin during the 2nd quarter worth approximately $31,000. Coppell Advisory Solutions Corp. acquired a new position in Lockheed Martin during the 4th quarter worth $31,000. Milestone Investment Advisors LLC acquired a new position in Lockheed Martin during the 3rd quarter worth $33,000. Finally, Providence Capital Advisors LLC acquired a new position in shares of Lockheed Martin in the 3rd quarter valued at $35,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on LMT shares. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Lockheed Martin from $438.00 to $472.00 in a research report on Monday, January 22nd. Royal Bank of Canada lowered their price objective on shares of Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 24th. Citigroup lowered their price objective on shares of Lockheed Martin from $540.00 to $508.00 and set a “buy” rating for the company in a research report on Wednesday, January 24th. Susquehanna lowered their target price on Lockheed Martin from $550.00 to $540.00 and set a “positive” rating for the company in a report on Wednesday, January 24th. Finally, UBS Group lowered their target price on Lockheed Martin from $488.00 to $475.00 and set a “neutral” rating for the company in a report on Wednesday, January 24th. Nine investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $491.92.

Insider Activity at Lockheed Martin

In related news, COO John Frank A. St sold 6,648 shares of Lockheed Martin stock in a transaction that occurred 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 sale was disclosed in a legal filing with the SEC, 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 transaction of $2,827,726.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Maryanne Lavan sold 4,022 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total transaction of $1,747,116.58. The disclosure for this sale can be found here. Insiders have sold 16,874 shares of company stock valued at $7,249,946 over the last three months. 0.17% of the stock is owned by insiders.

Lockheed Martin Stock Performance

NYSE:LMT traded down $0.46 during mid-day trading on Monday, hitting $445.42. The stock had a trading volume of 489,758 shares, compared to its average volume of 1,176,424. Lockheed Martin Co. has a twelve month low of $393.77 and a twelve month high of $508.10. The stock has a market cap of $107.12 billion, a price-to-earnings ratio of 16.18, a PEG ratio of 4.08 and a beta of 0.48. The company’s 50 day simple moving average is $434.03 and its 200 day simple moving average is $438.05. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.03 and a current ratio of 1.21.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, January 23rd. The aerospace company reported $7.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.26 by $0.64. Lockheed Martin had a net margin of 10.24% and a return on equity of 79.91%. The firm had revenue of $18.87 billion during the quarter, compared to the consensus estimate of $17.96 billion. During the same period last year, the business posted $7.79 earnings per share. The business’s revenue for the quarter was down .6% compared to the same quarter last year. On average, equities research analysts forecast that Lockheed Martin Co. will post 26.13 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 1st will be given a $3.15 dividend. The ex-dividend date of this dividend is Thursday, February 29th. This represents a $12.60 dividend on an annualized basis and a dividend yield of 2.83%. Lockheed Martin’s payout ratio is 45.74%.

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.