Lockheed Martin Co. (NYSE:LMT) Shares Acquired by KCM Investment Advisors LLC

KCM Investment Advisors LLC raised its position in shares of Lockheed Martin Co. (NYSE:LMT) by 2.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,083 shares of the aerospace company’s stock after acquiring an additional 530 shares during the quarter. KCM Investment Advisors LLC’s holdings in Lockheed Martin were worth $8,599,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in LMT. Waratah Capital Advisors Ltd. acquired a new stake in Lockheed Martin during the third quarter worth about $545,000. Colony Group LLC grew its stake in Lockheed Martin by 60.4% during the third quarter. Colony Group LLC now owns 7,211 shares of the aerospace company’s stock worth $2,813,000 after buying an additional 2,715 shares in the last quarter. Voya Investment Management LLC grew its stake in Lockheed Martin by 38.5% during the third quarter. Voya Investment Management LLC now owns 356,910 shares of the aerospace company’s stock worth $139,217,000 after buying an additional 99,298 shares in the last quarter. Redpoint Investment Management Pty Ltd grew its stake in Lockheed Martin by 5.2% during the third quarter. Redpoint Investment Management Pty Ltd now owns 19,019 shares of the aerospace company’s stock worth $7,419,000 after buying an additional 936 shares in the last quarter. Finally, Merit Financial Group LLC grew its stake in Lockheed Martin by 8.1% during the third quarter. Merit Financial Group LLC now owns 683 shares of the aerospace company’s stock worth $266,000 after buying an additional 51 shares in the last quarter. 79.93% of the stock is owned by institutional investors and hedge funds.

NYSE:LMT traded up $26.45 during mid-day trading on Thursday, hitting $346.12. 123,321 shares of the company’s stock were exchanged, compared to its average volume of 2,725,085. The company has a 50 day simple moving average of $383.58 and a 200-day simple moving average of $390.90. The company has a current ratio of 1.22, a quick ratio of 0.96 and a debt-to-equity ratio of 3.60. Lockheed Martin Co. has a fifty-two week low of $266.11 and a fifty-two week high of $442.53. The firm has a market capitalization of $81.39 billion, a P/E ratio of 15.79, a PEG ratio of 1.74 and a beta of 1.00.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, January 28th. The aerospace company reported $5.29 EPS for the quarter, topping the consensus estimate of $5.03 by $0.26. Lockheed Martin had a net margin of 10.42% and a return on equity of 198.95%. The business had revenue of $15.88 billion for the quarter, compared to the consensus estimate of $15.28 billion. During the same period last year, the company earned $4.39 EPS. The firm’s revenue was up 10.2% compared to the same quarter last year. As a group, analysts expect that Lockheed Martin Co. will post 24.12 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Monday, March 2nd will be given a dividend of $2.40 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $9.60 annualized dividend and a yield of 2.77%. Lockheed Martin’s dividend payout ratio is presently 43.74%.

In other Lockheed Martin news, EVP John Frank A. St sold 556 shares of the firm’s stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $438.60, for a total transaction of $243,861.60. Following the completion of the transaction, the executive vice president now owns 1,401 shares in the company, valued at approximately $614,478.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Michele A. Evans sold 9,629 shares of the firm’s stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $432.22, for a total transaction of $4,161,846.38. Following the transaction, the executive vice president now owns 9,629 shares of the company’s stock, valued at approximately $4,161,846.38. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 39,793 shares of company stock worth $17,313,473. 0.17% of the stock is owned by corporate insiders.

A number of research firms have recently weighed in on LMT. Morgan Stanley reduced their price target on shares of Lockheed Martin from $440.00 to $385.00 and set an “equal weight” rating on the stock in a research note on Tuesday. ValuEngine upgraded shares of Lockheed Martin from a “sell” rating to a “hold” rating in a research note on Monday, March 9th. Argus raised their price target on shares of Lockheed Martin to and gave the company a “buy” rating in a research note on Wednesday, January 29th. Susquehanna Bancshares raised their price target on shares of Lockheed Martin from to and gave the company a “buy” rating in a research note on Wednesday, January 29th. Finally, Alembic Global Advisors downgraded shares of Lockheed Martin from an “overweight” rating to a “neutral” rating and set a $489.00 price target on the stock. in a research note on Wednesday, January 29th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $433.88.

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. 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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