Lafayette Investments Inc. Has $7.98 Million Position in Lockheed Martin Co. (NYSE:LMT)

Lafayette Investments Inc. increased its position in Lockheed Martin Co. (NYSE:LMT) by 3.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,599 shares of the aerospace company’s stock after buying an additional 538 shares during the quarter. Lockheed Martin accounts for approximately 2.0% of Lafayette Investments Inc.’s investment portfolio, making the stock its 15th largest position. Lafayette Investments Inc.’s holdings in Lockheed Martin were worth $7,976,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in LMT. Moneta Group Investment Advisors LLC boosted its holdings in shares of Lockheed Martin by 81,305.4% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 1,907,328 shares of the aerospace company’s stock worth $927,896,000 after buying an additional 1,904,985 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Lockheed Martin by 10,526.6% in the 4th quarter. International Assets Investment Management LLC now owns 1,362,228 shares of the aerospace company’s stock worth $617,416,000 after purchasing an additional 1,349,409 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Lockheed Martin by 586.8% in the 1st quarter. Renaissance Technologies LLC now owns 369,500 shares of the aerospace company’s stock worth $163,097,000 after purchasing an additional 315,700 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Lockheed Martin by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 22,302,719 shares of the aerospace company’s stock worth $9,120,920,000 after purchasing an additional 279,162 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Lockheed Martin by 5.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 5,256,069 shares of the aerospace company’s stock worth $2,320,030,000 after purchasing an additional 264,665 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on LMT shares. Royal Bank of Canada cut their target price 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. Morgan Stanley cut their target price on Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft increased their price target on Lockheed Martin from $438.00 to $472.00 in a research report on Monday, January 22nd. UBS Group lowered their price target on Lockheed Martin from $488.00 to $475.00 and set a “neutral” rating for the company in a research report on Wednesday, January 24th. Finally, Citigroup lowered their price target on Lockheed Martin from $540.00 to $508.00 and set a “buy” rating for the company in a research report on Wednesday, January 24th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Lockheed Martin presently has a consensus rating of “Hold” and a consensus price target of $493.36.

Lockheed Martin Stock Performance

Shares of Lockheed Martin stock traded up $0.04 during trading hours on Thursday, hitting $456.09. 714,560 shares of the company’s stock traded hands, compared to its average volume of 1,157,395. Lockheed Martin Co. has a 12-month low of $393.77 and a 12-month high of $503.33. The stock has a market capitalization of $109.69 billion, a price-to-earnings ratio of 16.55, a PEG ratio of 4.14 and a beta of 0.48. The company has a fifty day simple moving average of $439.25 and a 200-day simple moving average of $442.21. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.21 and a quick ratio of 1.03.

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, beating the consensus estimate of $7.26 by $0.64. The firm had revenue of $18.87 billion during the quarter, compared to analyst estimates of $17.96 billion. Lockheed Martin had a return on equity of 79.91% and a net margin of 10.24%. The business’s revenue was down .6% compared to the same quarter last year. During the same period last year, the firm posted $7.79 EPS. Equities research analysts anticipate that Lockheed Martin Co. will post 26.13 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 1st were paid 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 2.76%. Lockheed Martin’s payout ratio is 45.74%.

Insider Transactions at Lockheed Martin

In other Lockheed Martin news, insider Gregory M. Ulmer sold 6,204 shares of the firm’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 in the company, valued at approximately $5,434,718.76. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Lockheed Martin news, SVP Maryanne Lavan sold 4,022 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total value of $1,747,116.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Gregory M. Ulmer sold 6,204 shares of the firm’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 disclosure for this sale can be found here. In the last 90 days, insiders sold 16,874 shares of company stock worth $7,249,946. 0.17% of the stock is owned by company insiders.

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.