OmniStar Financial Group Inc. Boosts Holdings in Lockheed Martin Co. (NYSE:LMT)

OmniStar Financial Group Inc. grew its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 2.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,695 shares of the aerospace company’s stock after acquiring an additional 35 shares during the quarter. OmniStar Financial Group Inc.’s holdings in Lockheed Martin were worth $769,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in LMT. Moneta Group Investment Advisors LLC grew its holdings in shares of Lockheed Martin by 81,305.4% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 1,907,328 shares of the aerospace company’s stock worth $927,896,000 after purchasing an additional 1,904,985 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Lockheed Martin by 586.8% in the first quarter. Renaissance Technologies LLC now owns 369,500 shares of the aerospace company’s stock valued at $163,097,000 after acquiring an additional 315,700 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Lockheed Martin by 1.3% in the third quarter. Vanguard Group Inc. now owns 22,302,719 shares of the aerospace company’s stock valued at $9,120,920,000 after acquiring an additional 279,162 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Lockheed Martin by 5.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 5,256,069 shares of the aerospace company’s stock valued at $2,320,030,000 after acquiring an additional 264,665 shares in the last quarter. Finally, Imprint Wealth LLC bought a new stake in Lockheed Martin in the second quarter valued at $21,499,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Lockheed Martin

In other news, SVP Maryanne Lavan sold 4,022 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total transaction of $1,747,116.58. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, COO John Frank A. St sold 6,648 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $425.35, for a total transaction of $2,827,726.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Maryanne Lavan sold 4,022 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $434.39, for a total value of $1,747,116.58. The disclosure for this sale can be found here. Insiders sold a total of 16,874 shares of company stock worth $7,249,946 in the last three months. 0.17% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on LMT shares. UBS Group cut their price target on shares of Lockheed Martin from $488.00 to $475.00 and set a “neutral” rating on the stock in a report on Wednesday, January 24th. Susquehanna dropped their target price on shares of Lockheed Martin from $550.00 to $540.00 and set a “positive” rating on the stock in a report on Wednesday, January 24th. Royal Bank of Canada dropped their target price on shares of Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 24th. Morgan Stanley dropped their target price on shares of Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 24th. Finally, Citigroup dropped their target price on shares of Lockheed Martin from $540.00 to $508.00 and set a “buy” rating on the stock in a report on Wednesday, January 24th. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Lockheed Martin has a consensus rating of “Hold” and a consensus target price of $491.92.

Lockheed Martin Stock Performance

NYSE:LMT traded down $0.26 during mid-day trading on Tuesday, reaching $446.05. The company’s stock had a trading volume of 766,700 shares, compared to its average volume of 1,174,756. Lockheed Martin Co. has a 12-month low of $393.77 and a 12-month high of $508.10. The firm’s fifty day moving average price is $433.69 and its two-hundred day moving average price is $438.19. The company has a current ratio of 1.21, a quick ratio of 1.03 and a debt-to-equity ratio of 2.53. The stock has a market cap of $107.27 billion, a P/E ratio of 16.19, a PEG ratio of 4.08 and a beta of 0.48.

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

Lockheed Martin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 1st will be given a $3.15 dividend. This represents a $12.60 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date is Thursday, February 29th. Lockheed Martin’s dividend payout ratio (DPR) is 45.74%.

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.