Inscription Capital LLC Makes New Investment in Lockheed Martin Co. (NYSE:LMT)

Inscription Capital LLC purchased a new stake in Lockheed Martin Co. (NYSE:LMT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 566 shares of the aerospace company’s stock, valued at approximately $257,000.

A number of other hedge funds also recently made changes to their positions in the stock. Moneta Group Investment Advisors LLC lifted its stake 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 valued at $927,896,000 after buying an additional 1,904,985 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Lockheed Martin by 586.8% in the first 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 during the last quarter. Vanguard Group Inc. lifted its holdings in shares of 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 purchasing an additional 279,162 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Lockheed Martin by 5.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 5,256,069 shares of the aerospace company’s stock worth $2,320,030,000 after buying an additional 264,665 shares in the last quarter. Finally, Imprint Wealth LLC purchased a new stake in Lockheed Martin in the 2nd quarter valued at $21,499,000. 74.19% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on LMT shares. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Lockheed Martin from $438.00 to $472.00 in a report on Monday, January 22nd. Susquehanna reduced their price objective on shares of Lockheed Martin from $550.00 to $540.00 and set a “positive” rating for the company in a research 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 research report on Wednesday, January 24th. Citigroup reduced their target price on Lockheed Martin from $540.00 to $508.00 and set a “buy” rating for the company in a report on Wednesday, January 24th. Finally, 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. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $491.92.

Lockheed Martin Stock Performance

Lockheed Martin stock traded down $1.91 during mid-day trading on Friday, reaching $454.87. The company’s stock had a trading volume of 1,119,541 shares, compared to its average volume of 1,200,722. The company has a market capitalization of $109.39 billion, a P/E ratio of 16.51, a PEG ratio of 4.17 and a beta of 0.48. The firm’s fifty day moving average price is $433.47 and its two-hundred day moving average price is $438.48. Lockheed Martin Co. has a 12-month low of $393.77 and a 12-month high of $508.10. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.03 and a current ratio of 1.21.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, January 23rd. The aerospace company reported $7.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.26 by $0.64. The company had revenue of $18.87 billion for 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 firm’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the previous year, the company posted $7.79 EPS. Sell-side analysts predict that Lockheed Martin Co. will post 26.13 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 1st will be paid a dividend of $3.15 per share. The ex-dividend date is Thursday, February 29th. This represents a $12.60 annualized dividend and a yield of 2.77%. Lockheed Martin’s dividend payout ratio is currently 45.74%.

Insider Buying and Selling

In other news, SVP Maryanne Lavan sold 4,022 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $434.39, for a total transaction of $1,747,116.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Gregory M. Ulmer sold 6,204 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $431.19, for a total transaction of $2,675,102.76. Following the transaction, the insider now owns 12,604 shares in the company, valued at $5,434,718.76. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,874 shares of company stock valued at $7,249,946. Company insiders own 0.17% of the company’s stock.

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