456 Shares in Lockheed Martin Co. (NYSE:LMT) Bought by W.H. Cornerstone Investments Inc.

W.H. Cornerstone Investments Inc. purchased a new stake in Lockheed Martin Co. (NYSE:LMT) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 456 shares of the aerospace company’s stock, valued at approximately $207,000.

Other hedge funds have also bought and sold shares of the company. Triumph Capital Management lifted its position in shares of Lockheed Martin by 3.1% during the 3rd quarter. Triumph Capital Management now owns 723 shares of the aerospace company’s stock worth $296,000 after buying an additional 22 shares during the last quarter. Abbrea Capital LLC lifted its position in Lockheed Martin by 1.7% in the third quarter. Abbrea Capital LLC now owns 1,397 shares of the aerospace company’s stock valued at $571,000 after acquiring an additional 23 shares during the last quarter. Pinnacle Wealth Planning Services Inc. boosted its stake in Lockheed Martin by 1.6% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 1,429 shares of the aerospace company’s stock valued at $584,000 after acquiring an additional 23 shares in the last quarter. Duncker Streett & Co. Inc. grew its holdings in shares of Lockheed Martin by 1.2% during the third quarter. Duncker Streett & Co. Inc. now owns 2,013 shares of the aerospace company’s stock worth $823,000 after purchasing an additional 24 shares during the last quarter. Finally, Norris Perne & French LLP MI increased its position in shares of Lockheed Martin by 2.8% during the fourth quarter. Norris Perne & French LLP MI now owns 905 shares of the aerospace company’s stock worth $410,000 after purchasing an additional 25 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Price Performance

LMT stock traded up $0.19 on Monday, reaching $462.10. 395,124 shares of the company’s stock were exchanged, compared to its average volume of 1,144,494. Lockheed Martin Co. has a twelve month low of $393.77 and a twelve month high of $479.50. The company has a quick ratio of 1.11, a current ratio of 1.30 and a debt-to-equity ratio of 2.89. The stock has a fifty day moving average of $447.42 and a 200-day moving average of $445.41. The firm has a market cap of $110.88 billion, a PE ratio of 16.90, a P/E/G ratio of 4.23 and a beta of 0.46.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share for the quarter, topping the consensus estimate of $5.80 by $0.53. Lockheed Martin had a net margin of 9.73% and a return on equity of 85.96%. The company had revenue of $17.20 billion for the quarter, compared to analyst estimates of $16.04 billion. During the same period in the prior year, the business posted $6.43 earnings per share. The firm’s revenue for the quarter was up 13.7% compared to the same quarter last year. As a group, equities analysts predict that Lockheed Martin Co. will post 26.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 3rd will be given a dividend of $3.15 per share. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $12.60 dividend on an annualized basis and a yield of 2.73%. Lockheed Martin’s payout ratio is 46.10%.

Analyst Ratings Changes

Several research firms have commented on LMT. Susquehanna cut their price target on Lockheed Martin from $550.00 to $540.00 and set a “positive” rating on the stock in a research report on Wednesday, January 24th. Royal Bank of Canada decreased their price target on shares of Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 24th. UBS Group lifted their price objective on shares of Lockheed Martin from $482.00 to $499.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Morgan Stanley decreased their target price on shares of Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 24th. Finally, StockNews.com upgraded Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 25th. One analyst has rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $485.40.

Insider Buying and Selling at Lockheed Martin

In other Lockheed Martin news, SVP Maryanne Lavan sold 4,022 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $434.39, for a total transaction of $1,747,116.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP Maryanne Lavan sold 4,022 shares of the company’s 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 sale was disclosed in a filing with the SEC, which is available through this link. Also, COO John Frank A. St sold 6,648 shares of Lockheed Martin stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $425.35, for a total value of $2,827,726.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,874 shares of company stock valued at $7,249,946. Insiders own 0.14% of the company’s stock.

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.