Fidelis Capital Partners LLC Grows Position in Lockheed Martin Co. (NYSE:LMT)

Fidelis Capital Partners LLC grew its holdings in Lockheed Martin Co. (NYSE:LMT) by 56.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,597 shares of the aerospace company’s stock after buying an additional 574 shares during the period. Fidelis Capital Partners LLC’s holdings in Lockheed Martin were worth $724,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp increased its position in Lockheed Martin by 0.5% during the first quarter. State Street Corp now owns 37,972,543 shares of the aerospace company’s stock worth $17,950,761,000 after purchasing an additional 176,739 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Lockheed Martin by 1.3% during the third quarter. Vanguard Group Inc. now owns 22,302,719 shares of the aerospace company’s stock valued at $9,120,920,000 after acquiring an additional 279,162 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Lockheed Martin by 1.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,686,937 shares of the aerospace company’s stock valued at $2,302,388,000 after acquiring an additional 97,916 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Lockheed Martin by 4.0% during the third quarter. Wellington Management Group LLP now owns 3,158,783 shares of the aerospace company’s stock valued at $1,291,816,000 after acquiring an additional 121,358 shares during the last quarter. Finally, Northern Trust Corp increased its position in shares of Lockheed Martin by 4.0% during the third quarter. Northern Trust Corp now owns 2,388,377 shares of the aerospace company’s stock valued at $976,751,000 after acquiring an additional 91,109 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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 document filed with the SEC, which can be accessed through the SEC website. In other news, insider Gregory M. Ulmer sold 6,204 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were 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 owns 12,604 shares of the company’s stock, valued at approximately $5,434,718.76. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, 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 transaction of $2,827,726.80. The disclosure for this sale can be found here. Insiders have sold 16,874 shares of company stock worth $7,249,946 in the last three months. Corporate insiders own 0.17% of the company’s stock.

Lockheed Martin Price Performance

Shares of NYSE LMT traded up $5.16 during trading on Friday, hitting $461.25. 321,013 shares of the company were exchanged, compared to its average volume of 1,145,800. The company has a market cap of $110.93 billion, a price-to-earnings ratio of 16.74, a PEG ratio of 4.16 and a beta of 0.48. Lockheed Martin Co. has a 1 year low of $393.77 and a 1 year high of $495.83. The firm’s fifty day moving average price is $439.25 and its 200 day moving average price is $442.21. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.21 and a quick ratio of 1.03.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, January 23rd. The aerospace company reported $7.90 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 company had revenue of $18.87 billion for the quarter, compared to analyst estimates of $17.96 billion. During the same period in the previous year, the firm earned $7.79 EPS. The business’s revenue was down .6% on a year-over-year basis. On average, sell-side analysts expect that Lockheed Martin Co. will post 26.13 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 1st were given a $3.15 dividend. The ex-dividend date was Thursday, February 29th. This represents a $12.60 annualized dividend and a dividend yield of 2.73%. Lockheed Martin’s dividend payout ratio is presently 45.74%.

Wall Street Analysts Forecast Growth

LMT has been the subject of several recent research reports. Susquehanna lowered their price objective on shares of Lockheed Martin from $550.00 to $540.00 and set a “positive” rating for the company in a research note on Wednesday, January 24th. UBS Group cut their price objective on shares of Lockheed Martin from $488.00 to $475.00 and set a “neutral” rating on the stock in a report on Wednesday, January 24th. Morgan Stanley cut their price objective on shares of Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Lockheed Martin from $438.00 to $472.00 in a report on Monday, January 22nd. Finally, Citigroup cut their price objective on shares of Lockheed Martin from $540.00 to $508.00 and set a “buy” rating on the stock in a report on Wednesday, January 24th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $493.36.

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.