Transamerica Financial Advisors Inc. Has $1.07 Million Stock Position in Lockheed Martin Co. (NYSE:LMT)

Transamerica Financial Advisors Inc. raised its position in Lockheed Martin Co. (NYSE:LMT) by 7.6% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 2,202 shares of the aerospace company’s stock after acquiring an additional 155 shares during the period. Transamerica Financial Advisors Inc.’s holdings in Lockheed Martin were worth $1,070,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Itau Unibanco Holding S.A. acquired a new stake in Lockheed Martin in the 3rd quarter valued at $26,000. Millstone Evans Group LLC bought a new position in shares of Lockheed Martin in the fourth quarter valued at $32,000. Mizuho Securities Co. Ltd. acquired a new position in shares of Lockheed Martin during the fourth quarter valued at about $34,000. Heck Capital Advisors LLC bought a new stake in shares of Lockheed Martin during the fourth quarter worth about $35,000. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of Lockheed Martin in the 3rd quarter worth about $42,000. Institutional investors own 74.19% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on LMT shares. Bank of America lowered Lockheed Martin from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $685.00 to $485.00 in a report on Monday, March 24th. Citigroup lowered their price target on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a research report on Tuesday, January 21st. Wells Fargo & Company reaffirmed an “equal weight” rating on shares of Lockheed Martin in a report on Monday, March 10th. Morgan Stanley lowered their target price on shares of Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating for the company in a report on Wednesday, January 29th. Finally, StockNews.com upgraded shares of Lockheed Martin from a “hold” rating to a “buy” rating in a report on Monday, March 24th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $539.53.

Lockheed Martin Trading Down 0.2 %

NYSE:LMT opened at $441.41 on Friday. Lockheed Martin Co. has a 12 month low of $419.70 and a 12 month high of $618.95. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10. The firm’s 50 day moving average is $456.49 and its 200 day moving average is $510.30. The stock has a market capitalization of $103.90 billion, a PE ratio of 19.83, a price-to-earnings-growth ratio of 2.07 and a beta of 0.43.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, beating analysts’ consensus estimates of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. Sell-side analysts expect that Lockheed Martin Co. will post 27.15 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 3rd were given a $3.30 dividend. This represents a $13.20 annualized dividend and a dividend yield of 2.99%. The ex-dividend date was Monday, March 3rd. Lockheed Martin’s dividend payout ratio (DPR) is currently 59.30%.

Insider Activity at Lockheed Martin

In other news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $442.42, for a total value of $1,421,495.46. Following the sale, the insider now directly owns 2,000 shares of the company’s stock, valued at approximately $884,840. This represents a 61.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Harry Edward Paul III sold 707 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $442.61, for a total transaction of $312,925.27. Following the completion of the transaction, the vice president now owns 2,278 shares of the company’s stock, valued at $1,008,265.58. This trade represents a 23.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,133 shares of company stock worth $3,155,916. 0.17% of the stock is owned by corporate insiders.

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. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.