Lockheed Martin Co. (NYSE:LMT) Shares Acquired by MV Capital Management Inc.

MV Capital Management Inc. increased its holdings in Lockheed Martin Co. (NYSE:LMT) by 10.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,165 shares of the aerospace company’s stock after purchasing an additional 505 shares during the quarter. MV Capital Management Inc.’s holdings in Lockheed Martin were worth $1,908,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Sandy Spring Bank lifted its stake in Lockheed Martin by 32.9% during the first quarter. Sandy Spring Bank now owns 5,703 shares of the aerospace company’s stock worth $2,107,000 after purchasing an additional 1,412 shares in the last quarter. Ieq Capital LLC purchased a new position in shares of Lockheed Martin during the first quarter worth about $2,448,000. Veritas Investment Partners UK Ltd. purchased a new position in shares of Lockheed Martin during the fourth quarter worth about $26,000. Madison Asset Management LLC purchased a new position in shares of Lockheed Martin during the first quarter worth about $13,241,000. Finally, Independence Bank of Kentucky lifted its position in Lockheed Martin by 91.8% in the first quarter. Independence Bank of Kentucky now owns 2,846 shares of the aerospace company’s stock valued at $1,052,000 after purchasing an additional 1,362 shares during the period. Institutional investors own 75.70% of the company’s stock.

In other Lockheed Martin news, COO John Frank A. St sold 6,855 shares of the company’s stock in a transaction that occurred on Monday, April 26th. The shares were sold at an average price of $371.95, for a total value of $2,549,717.25. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Kenneth R. Possenriede sold 2,787 shares of the company’s stock in a transaction that occurred on Monday, May 24th. The shares were sold at an average price of $387.53, for a total transaction of $1,080,046.11. Following the completion of the transaction, the chief financial officer now owns 1 shares in the company, valued at approximately $387.53. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,494 shares of company stock valued at $7,005,254. Company insiders own 0.18% of the company’s stock.

A number of equities research analysts have recently issued reports on LMT shares. Wells Fargo & Company initiated coverage on shares of Lockheed Martin in a research report on Tuesday, May 18th. They set an “equal weight” rating and a $384.00 price target for the company. Morgan Stanley lifted their target price on shares of Lockheed Martin from $445.00 to $458.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 21st. Wolfe Research assumed coverage on shares of Lockheed Martin in a research note on Friday, April 9th. They set a “peer perform” rating for the company. Finally, Cowen reissued a “buy” rating and set a $410.00 price objective on shares of Lockheed Martin in a research note on Thursday, April 22nd. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Lockheed Martin currently has an average rating of “Buy” and an average target price of $421.44.

Shares of Lockheed Martin stock traded down $0.82 during trading on Friday, reaching $386.90. The company had a trading volume of 3,115 shares, compared to its average volume of 1,692,322. The firm has a market capitalization of $107.53 billion, a P/E ratio of 15.65, a price-to-earnings-growth ratio of 3.20 and a beta of 0.99. The firm’s fifty day simple moving average is $385.18. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.15 and a current ratio of 1.38. Lockheed Martin Co. has a fifty-two week low of $319.81 and a fifty-two week high of $402.38.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Monday, April 19th. The aerospace company reported $6.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.32 by $0.24. Lockheed Martin had a net margin of 10.53% and a return on equity of 134.40%. The business had revenue of $16.26 billion for the quarter, compared to analyst estimates of $16.42 billion. During the same quarter in the prior year, the business posted $6.08 EPS. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, equities analysts forecast that Lockheed Martin Co. will post 26.74 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 25th. Investors of record on Tuesday, June 1st will be paid a dividend of $2.60 per share. This represents a $10.40 annualized dividend and a yield of 2.69%. The ex-dividend date is Friday, May 28th. Lockheed Martin’s dividend payout ratio is presently 41.87%.

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. It operates through four segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space.

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

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