LifePlan Financial LLC Invests $246,000 in Lockheed Martin Co. (NYSE:LMT)

LifePlan Financial LLC purchased a new position in Lockheed Martin Co. (NYSE:LMT) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 543 shares of the aerospace company’s stock, valued at approximately $246,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank Julius Baer & Co. Ltd Zurich raised its holdings in shares of Lockheed Martin by 73.0% in the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 64 shares of the aerospace company’s stock worth $26,000 after buying an additional 27 shares during the period. Activest Wealth Management increased its holdings in Lockheed Martin by 1,200.0% during the 4th quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 60 shares during the period. Coppell Advisory Solutions Corp. purchased a new position in Lockheed Martin during the 4th quarter worth $31,000. Milestone Investment Advisors LLC purchased a new position in Lockheed Martin during the 3rd quarter worth $33,000. Finally, Providence Capital Advisors LLC purchased a new position in Lockheed Martin during the 3rd quarter worth $35,000. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, COO John Frank A. St sold 6,648 shares of the company’s 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Gregory M. Ulmer sold 6,204 shares of the company’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $431.19, for a total value of $2,675,102.76. Following the completion of the transaction, the insider now owns 12,604 shares of the company’s stock, valued at approximately $5,434,718.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO John Frank A. St sold 6,648 shares of the company’s 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. Insiders sold a total of 16,874 shares of company stock valued at $7,249,946 in the last quarter. 0.17% of the stock is currently owned by company insiders.

Lockheed Martin Stock Performance

LMT traded up $2.94 on Monday, reaching $453.34. 2,439,171 shares of the stock were exchanged, compared to its average volume of 1,163,372. The company’s 50-day moving average price is $436.96 and its 200 day moving average price is $441.40. Lockheed Martin Co. has a fifty-two week low of $393.77 and a fifty-two week high of $508.10. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.21 and a quick ratio of 1.03. The firm has a market capitalization of $109.03 billion, a PE ratio of 16.46, a PEG ratio of 4.11 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, January 23rd. The aerospace company reported $7.90 EPS for the quarter, topping analysts’ consensus estimates of $7.26 by $0.64. The company had revenue of $18.87 billion during the quarter, compared to analysts’ expectations of $17.96 billion. Lockheed Martin had a return on equity of 79.91% and a net margin of 10.24%. The firm’s revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $7.79 EPS. As a group, sell-side analysts forecast that Lockheed Martin Co. will post 26.13 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 1st were issued a $3.15 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $12.60 annualized dividend and a dividend yield of 2.78%. Lockheed Martin’s dividend payout ratio (DPR) is presently 45.74%.

Wall Street Analyst Weigh In

Several research firms have commented on LMT. Royal Bank of Canada reduced their price objective on Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft increased their target price on Lockheed Martin from $438.00 to $472.00 in a research report on Monday, January 22nd. JPMorgan Chase & Co. raised Lockheed Martin from a “neutral” rating to an “overweight” rating and increased their target price for the company from $475.00 to $518.00 in a research report on Monday. Susquehanna dropped their target price 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. Finally, UBS Group dropped their target price on Lockheed Martin from $488.00 to $475.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 24th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Lockheed Martin currently has an average rating of “Hold” and an average price target of $493.36.

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.