444 Shares in Lockheed Martin Co. (NYSE:LMT) Bought by Sandbox Financial Partners LLC

Sandbox Financial Partners LLC purchased a new position in shares of Lockheed Martin Co. (NYSE:LMT) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 444 shares of the aerospace company’s stock, valued at approximately $201,000.

Other large investors have also recently modified their holdings of the company. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in Lockheed Martin by 73.0% in the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 64 shares of the aerospace company’s stock valued at $26,000 after acquiring an additional 27 shares during the last quarter. CGC Financial Services LLC acquired a new position in Lockheed Martin during the second quarter worth $31,000. Coppell Advisory Solutions Corp. acquired a new position in shares of Lockheed Martin during the fourth quarter valued at about $31,000. Milestone Investment Advisors LLC acquired a new stake in shares of Lockheed Martin in the 3rd quarter worth about $33,000. Finally, Providence Capital Advisors LLC acquired a new position in Lockheed Martin during the 3rd quarter valued at about $35,000. Institutional investors own 74.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on LMT shares. Deutsche Bank Aktiengesellschaft increased their target price on shares of Lockheed Martin from $438.00 to $472.00 in a report on Monday, January 22nd. Citigroup decreased their price target on Lockheed Martin from $540.00 to $508.00 and set a “buy” rating for the company in a research report on Wednesday, January 24th. UBS Group reduced their price objective on Lockheed Martin from $488.00 to $475.00 and set a “neutral” rating for the company in a research note on Wednesday, January 24th. Royal Bank of Canada cut their price target on shares of Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 24th. Finally, Susquehanna decreased their target price on Lockheed Martin from $550.00 to $540.00 and set a “positive” rating for the company in a research report on Wednesday, January 24th. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $491.92.

Insider Buying and Selling at Lockheed Martin

In related news, SVP Maryanne Lavan sold 4,022 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total transaction of $1,747,116.58. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Lockheed Martin news, SVP Maryanne Lavan sold 4,022 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total value of $1,747,116.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO John Frank A. St sold 6,648 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was 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. Over the last quarter, insiders have sold 16,874 shares of company stock worth $7,249,946. 0.17% of the stock is currently owned by company insiders.

Lockheed Martin Price Performance

Shares of LMT stock traded down $1.88 during trading hours on Friday, hitting $454.90. 1,119,488 shares of the company’s stock were exchanged, compared to its average volume of 1,200,722. The company has a market capitalization of $109.40 billion, a PE ratio of 16.51, a PEG ratio of 4.17 and a beta of 0.48. The company has a current ratio of 1.21, a quick ratio of 1.03 and a debt-to-equity ratio of 2.53. Lockheed Martin Co. has a 12-month low of $393.77 and a 12-month high of $508.10. The business’s 50 day simple moving average is $433.47 and its 200-day simple moving average is $438.48.

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

Lockheed Martin Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 1st will be issued a $3.15 dividend. This represents a $12.60 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend is Thursday, February 29th. Lockheed Martin’s dividend payout ratio (DPR) is presently 45.74%.

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. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.