Greenleaf Trust Purchases 558 Shares of Lockheed Martin Co. (NYSE:LMT)

Greenleaf Trust lifted its stake in Lockheed Martin Co. (NYSE:LMT) by 7.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 7,815 shares of the aerospace company’s stock after acquiring an additional 558 shares during the period. Greenleaf Trust’s holdings in Lockheed Martin were worth $3,542,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Herold Advisors Inc. raised its position in shares of Lockheed Martin by 8.6% in the 3rd quarter. Herold Advisors Inc. now owns 3,448 shares of the aerospace company’s stock valued at $1,410,000 after purchasing an additional 274 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in Lockheed Martin by 3.8% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,088 shares of the aerospace company’s stock worth $8,624,000 after buying an additional 770 shares during the last quarter. Alethea Capital Management LLC purchased a new position in Lockheed Martin during the 3rd quarter worth approximately $415,000. Meridian Wealth Management LLC raised its position in Lockheed Martin by 149.0% during the 3rd quarter. Meridian Wealth Management LLC now owns 11,960 shares of the aerospace company’s stock worth $4,892,000 after buying an additional 7,156 shares during the last quarter. Finally, New Mexico Educational Retirement Board raised its position in Lockheed Martin by 6.4% during the 3rd quarter. New Mexico Educational Retirement Board now owns 11,697 shares of the aerospace company’s stock worth $4,784,000 after buying an additional 700 shares during the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Price Performance

Lockheed Martin stock opened at $464.14 on Friday. The company’s fifty day moving average price is $440.00 and its 200 day moving average price is $442.60. Lockheed Martin Co. has a 1 year low of $393.77 and a 1 year high of $495.83. The stock has a market capitalization of $111.62 billion, a P/E ratio of 16.85, a P/E/G ratio of 4.16 and a beta of 0.48. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.03 and a current ratio of 1.21.

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

Lockheed Martin Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 1st were issued a dividend of $3.15 per share. The ex-dividend date was Thursday, February 29th. This represents a $12.60 annualized dividend and a dividend yield of 2.71%. Lockheed Martin’s dividend payout ratio is presently 45.74%.

Analyst Ratings Changes

A number of equities analysts have issued reports on LMT shares. Citigroup reduced their price target on shares of Lockheed Martin from $540.00 to $508.00 and set a “buy” rating for the company in a research report on Wednesday, January 24th. Royal Bank of Canada reduced 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 report on Wednesday, January 24th. Morgan Stanley dropped their price objective on shares of Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 24th. UBS Group dropped their price objective on shares of Lockheed Martin from $488.00 to $475.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 24th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Lockheed Martin from $438.00 to $472.00 in a research note on Monday, January 22nd. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $487.70.

Insider Transactions at Lockheed Martin

In other news, insider Gregory M. Ulmer sold 6,204 shares of Lockheed Martin stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $431.19, for a total transaction of $2,675,102.76. Following the transaction, the insider now owns 12,604 shares in the company, valued at approximately $5,434,718.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, insider Gregory M. Ulmer sold 6,204 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $431.19, for a total value of $2,675,102.76. Following the sale, the insider now directly owns 12,604 shares in the company, valued at approximately $5,434,718.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO John Frank A. St sold 6,648 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $425.35, for a total transaction of $2,827,726.80. The disclosure for this sale can be found here. Insiders have sold a total of 16,874 shares of company stock worth $7,249,946 in the last quarter. Company insiders own 0.17% 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.