Fayez Sarofim & Co Grows Position in Lockheed Martin Co. (NYSE:LMT)

Fayez Sarofim & Co lifted its holdings in Lockheed Martin Co. (NYSE:LMT) by 3.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 16,642 shares of the aerospace company’s stock after purchasing an additional 515 shares during the period. Fayez Sarofim & Co’s holdings in Lockheed Martin were worth $8,087,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Millstone Evans Group LLC purchased a new position in shares of Lockheed Martin in the fourth quarter worth $32,000. Mizuho Securities Co. Ltd. acquired a new position in Lockheed Martin in the 4th quarter valued at about $34,000. Heck Capital Advisors LLC purchased a new stake in Lockheed Martin in the 4th quarter valued at about $35,000. Redwood Park Advisors LLC purchased a new stake in Lockheed Martin during the fourth quarter worth about $40,000. Finally, Runnymede Capital Advisors Inc. purchased a new stake in Lockheed Martin during the 4th quarter worth about $42,000. Institutional investors own 74.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on LMT. StockNews.com cut Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Tuesday, April 1st. Melius cut shares of Lockheed Martin from a “buy” rating to a “hold” rating in a report on Monday, March 24th. Susquehanna decreased their price target on shares of Lockheed Martin from $590.00 to $550.00 and set a “positive” rating for the company in a research note on Wednesday, January 29th. Bank of America lowered Lockheed Martin from a “buy” rating to a “neutral” rating and dropped their target price for the company from $685.00 to $485.00 in a report on Monday, March 24th. Finally, UBS Group reduced their price objective on shares of Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating for the company in a research report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $539.93.

Lockheed Martin Trading Down 2.8 %

Shares of LMT opened at $463.80 on Monday. The stock has a 50-day moving average price of $452.24 and a 200 day moving average price of $495.75. Lockheed Martin Co. has a one year low of $418.88 and a one year high of $618.95. The company has a market capitalization of $108.79 billion, a P/E ratio of 20.84, a P/E/G ratio of 2.07 and a beta of 0.39. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, topping 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 forecast that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 3rd were paid a $3.30 dividend. The ex-dividend date was Monday, March 3rd. This represents a $13.20 annualized dividend and a yield of 2.85%. Lockheed Martin’s dividend payout ratio is presently 59.30%.

Insider Activity

In other news, VP Harry Edward Paul III sold 707 shares of the company’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $442.61, for a total value of $312,925.27. Following the sale, the vice president now owns 2,278 shares of the company’s stock, valued at approximately $1,008,265.58. This represents a 23.69 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the business’s stock in a transaction dated Wednesday, February 26th. The stock was 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 $884,840. This represents a 61.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,133 shares of company stock worth $3,155,916. 0.14% 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.