United Asset Strategies Inc. Boosts Stock Position in Lockheed Martin Co. (NYSE:LMT)

United Asset Strategies Inc. lifted its position in Lockheed Martin Co. (NYSE:LMT) by 1.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 22,994 shares of the aerospace company’s stock after buying an additional 326 shares during the quarter. Lockheed Martin makes up 1.2% of United Asset Strategies Inc.’s investment portfolio, making the stock its 29th largest holding. United Asset Strategies Inc.’s holdings in Lockheed Martin were worth $10,422,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of LMT. Moneta Group Investment Advisors LLC grew its stake in Lockheed Martin by 81,305.4% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 1,907,328 shares of the aerospace company’s stock worth $927,896,000 after purchasing an additional 1,904,985 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of Lockheed Martin by 10,526.6% during the 4th quarter. International Assets Investment Management LLC now owns 1,362,228 shares of the aerospace company’s stock worth $617,416,000 after acquiring an additional 1,349,409 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Lockheed Martin by 586.8% during the 1st quarter. Renaissance Technologies LLC now owns 369,500 shares of the aerospace company’s stock worth $163,097,000 after acquiring an additional 315,700 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Lockheed Martin by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 22,302,719 shares of the aerospace company’s stock worth $9,120,920,000 after acquiring an additional 279,162 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Lockheed Martin by 5.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 5,256,069 shares of the aerospace company’s stock worth $2,320,030,000 after acquiring an additional 264,665 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

LMT traded up $3.87 on Tuesday, hitting $456.95. 539,922 shares of the company traded hands, compared to its average volume of 1,154,518. The company has a 50 day moving average of $437.60 and a 200-day moving average of $441.70. The company has a quick ratio of 1.03, a current ratio of 1.21 and a debt-to-equity ratio of 2.53. The stock has a market capitalization of $109.89 billion, a PE ratio of 16.46, a PEG ratio of 4.11 and a beta of 0.48. Lockheed Martin Co. has a 12-month low of $393.77 and a 12-month high of $508.10.

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

Lockheed Martin Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 1st were paid a dividend of $3.15 per share. This represents a $12.60 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date was Thursday, February 29th. Lockheed Martin’s dividend payout ratio (DPR) is 45.74%.

Analysts Set New Price Targets

LMT has been the subject of several analyst reports. Citigroup lowered their price objective 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. Deutsche Bank Aktiengesellschaft boosted their target price on Lockheed Martin from $438.00 to $472.00 in a report on Monday, January 22nd. UBS Group reduced 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. Susquehanna reduced 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, Royal Bank of Canada reduced their target price on Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating for the company in a report on Wednesday, January 24th. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Lockheed Martin has an average rating of “Hold” and an average target price of $493.36.

Insider Transactions at Lockheed Martin

In related news, COO John Frank A. St sold 6,648 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $425.35, for a total value of $2,827,726.80. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, COO John Frank A. St sold 6,648 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $425.35, for a total value of $2,827,726.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Maryanne Lavan sold 4,022 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $434.39, for a total value of $1,747,116.58. The disclosure for this sale can be found here. In the last three months, insiders sold 16,874 shares of company stock valued at $7,249,946. Corporate insiders own 0.14% of the company’s stock.

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.