Lockheed Martin Co. (NYSE:LMT) Shares Acquired by Midwest Professional Planners LTD.

Midwest Professional Planners LTD. lifted its stake in shares of Lockheed Martin Co. (NYSE:LMTGet Rating) by 2.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 3,778 shares of the aerospace company’s stock after purchasing an additional 105 shares during the period. Midwest Professional Planners LTD.’s holdings in Lockheed Martin were worth $1,343,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Willis Investment Counsel grew its stake in shares of Lockheed Martin by 4.5% during the 3rd quarter. Willis Investment Counsel now owns 117,068 shares of the aerospace company’s stock worth $40,400,000 after purchasing an additional 5,085 shares during the period. Bogart Wealth LLC grew its stake in shares of Lockheed Martin by 8.7% during the 4th quarter. Bogart Wealth LLC now owns 17,282 shares of the aerospace company’s stock worth $6,142,000 after purchasing an additional 1,387 shares during the period. First National Bank of Mount Dora Trust Investment Services grew its stake in shares of Lockheed Martin by 14.1% during the 4th quarter. First National Bank of Mount Dora Trust Investment Services now owns 4,216 shares of the aerospace company’s stock worth $1,498,000 after purchasing an additional 522 shares during the period. Intelligence Driven Advisers LLC purchased a new stake in shares of Lockheed Martin in the 4th quarter worth about $412,000. Finally, Donaldson Capital Management LLC boosted its position in shares of Lockheed Martin by 2.3% in the 4th quarter. Donaldson Capital Management LLC now owns 70,826 shares of the aerospace company’s stock worth $25,172,000 after buying an additional 1,592 shares in the last quarter. 78.89% of the stock is currently owned by institutional investors and hedge funds.

LMT has been the topic of several recent research reports. Susquehanna Bancshares boosted their price objective on shares of Lockheed Martin from $515.00 to $539.00 in a research report on Wednesday, April 20th. Wolfe Research upgraded shares of Lockheed Martin from a “peer perform” rating to an “outperform” rating and set a $467.00 price objective on the stock in a research report on Monday, February 28th. StockNews.com lowered shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 25th. Robert W. Baird boosted their price objective on shares of Lockheed Martin from $376.00 to $425.00 in a research report on Wednesday, January 26th. Finally, Seaport Res Ptn reiterated a “buy” rating on shares of Lockheed Martin in a research report on Tuesday, April 19th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $448.86.

In other Lockheed Martin news, Director John Donovan bought 568 shares of the company’s stock in a transaction that occurred on Thursday, April 21st. The stock was purchased at an average price of $440.55 per share, with a total value of $250,232.40. Following the transaction, the director now owns 568 shares in the company, valued at $250,232.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Brian P. Colan sold 1,937 shares of the stock in a transaction that occurred on Monday, February 28th. The stock was sold at an average price of $426.45, for a total transaction of $826,033.65. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 17,250 shares of company stock valued at $7,464,599. Corporate insiders own 0.17% of the company’s stock.

Shares of NYSE LMT traded up $0.58 on Friday, reaching $435.17. 1,114,755 shares of the company traded hands, compared to its average volume of 1,365,356. Lockheed Martin Co. has a fifty-two week low of $324.23 and a fifty-two week high of $479.99. The company has a 50 day moving average of $445.94 and a 200 day moving average of $393.07. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $115.80 billion, a PE ratio of 19.22, a P/E/G ratio of 2.89 and a beta of 0.76.

Lockheed Martin (NYSE:LMTGet Rating) last posted its quarterly earnings data on Tuesday, April 19th. The aerospace company reported $6.44 EPS for the quarter, beating analysts’ consensus estimates of $6.22 by $0.22. Lockheed Martin had a net margin of 9.45% and a return on equity of 81.35%. The company had revenue of $14.96 billion during the quarter, compared to the consensus estimate of $15.49 billion. During the same quarter in the prior year, the company posted $6.56 EPS. The company’s quarterly revenue was down 8.0% compared to the same quarter last year. As a group, research analysts expect that Lockheed Martin Co. will post 26.85 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 24th. Stockholders of record on Wednesday, June 1st will be paid a dividend of $2.80 per share. This represents a $11.20 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date of this dividend is Tuesday, May 31st. Lockheed Martin’s dividend payout ratio is currently 49.47%.

Lockheed Martin Company Profile (Get Rating)

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, Rotary and Mission Systems, and Space.

Further Reading

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

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