Lockheed Martin Co. (LMT) Shares Bought by OmniStar Financial Group Inc.

OmniStar Financial Group Inc. raised its holdings in Lockheed Martin Co. (NYSE:LMT) by 17.8% during the first quarter, HoldingsChannel.com reports. The firm owned 6,277 shares of the aerospace company’s stock after purchasing an additional 948 shares during the period. Lockheed Martin makes up 1.7% of OmniStar Financial Group Inc.’s holdings, making the stock its 17th biggest holding. OmniStar Financial Group Inc.’s holdings in Lockheed Martin were worth $1,884,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Lockheed Martin by 0.9% in the third quarter. Vanguard Group Inc. now owns 21,266,343 shares of the aerospace company’s stock valued at $7,357,305,000 after buying an additional 199,456 shares in the last quarter. Vanguard Group Inc grew its stake in shares of Lockheed Martin by 0.9% in the third quarter. Vanguard Group Inc now owns 21,266,343 shares of the aerospace company’s stock valued at $7,357,305,000 after buying an additional 199,456 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of Lockheed Martin by 77,867.1% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 21,152,483 shares of the aerospace company’s stock valued at $81,000 after buying an additional 21,125,353 shares in the last quarter. BlackRock Inc. grew its stake in shares of Lockheed Martin by 8.2% in the fourth quarter. BlackRock Inc. now owns 18,811,944 shares of the aerospace company’s stock valued at $4,925,719,000 after buying an additional 1,426,889 shares in the last quarter. Finally, Morgan Stanley grew its stake in shares of Lockheed Martin by 3.0% in the third quarter. Morgan Stanley now owns 3,587,085 shares of the aerospace company’s stock valued at $1,240,989,000 after buying an additional 105,749 shares in the last quarter. Institutional investors own 78.29% of the company’s stock.

In other news, Director Ilene S. Gordon bought 750 shares of Lockheed Martin stock in a transaction dated Monday, February 25th. The stock was acquired at an average cost of $306.04 per share, with a total value of $229,530.00. Following the acquisition, the director now owns 750 shares of the company’s stock, valued at $229,530. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Brian P. Colan sold 4,000 shares of the business’s stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $304.56, for a total value of $1,218,240.00. Following the completion of the sale, the vice president now directly owns 2,489 shares of the company’s stock, valued at $758,049.84. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 85,186 shares of company stock valued at $26,010,927. Insiders own 0.35% of the company’s stock.



LMT opened at $309.70 on Monday. Lockheed Martin Co. has a 12 month low of $241.18 and a 12 month high of $361.99. The firm has a market cap of $87.51 billion, a P/E ratio of 17.35, a P/E/G ratio of 2.26 and a beta of 1.01. The company has a quick ratio of 0.91, a current ratio of 1.12 and a debt-to-equity ratio of 8.70.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, January 29th. The aerospace company reported $4.39 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $4.39. The business had revenue of $14.41 billion during the quarter, compared to analysts’ expectations of $13.75 billion. Lockheed Martin had a return on equity of 726.78% and a net margin of 9.39%. The business’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the prior year, the firm posted ($2.25) EPS. As a group, research analysts forecast that Lockheed Martin Co. will post 19.46 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 1st were given a dividend of $2.20 per share. The ex-dividend date was Thursday, February 28th. This represents a $8.80 annualized dividend and a dividend yield of 2.84%. Lockheed Martin’s dividend payout ratio is currently 49.30%.

A number of equities research analysts have recently weighed in on the company. Susquehanna Bancshares assumed coverage on Lockheed Martin in a research note on Thursday, January 10th. They issued a “positive” rating and a $321.00 price objective for the company. Jefferies Financial Group reaffirmed a “hold” rating and issued a $274.00 price objective on shares of Lockheed Martin in a research note on Wednesday, January 9th. Morgan Stanley cut Lockheed Martin from an “overweight” rating to an “equal weight” rating and set a $300.00 price objective for the company. in a research note on Wednesday, January 9th. Robert W. Baird reaffirmed a “buy” rating and issued a $326.00 price objective on shares of Lockheed Martin in a research note on Friday, December 21st. Finally, Bank of America reaffirmed a “buy” rating and issued a $390.00 price objective on shares of Lockheed Martin in a research note on Wednesday, January 30th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $350.00.

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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. It operates through four segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.

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Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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