Measured Risk Portfolios Inc. Takes $55,000 Position in Lockheed Martin Co. (NYSE:LMT)

Measured Risk Portfolios Inc. acquired a new position in Lockheed Martin Co. (NYSE:LMT) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 113 shares of the aerospace company’s stock, valued at approximately $55,000.

Several other institutional investors have also added to or reduced their stakes in the business. Millstone Evans Group LLC bought a new position in shares of Lockheed Martin during the fourth quarter valued at $32,000. Mizuho Securities Co. Ltd. bought a new position in Lockheed Martin during the 4th quarter valued at about $34,000. Heck Capital Advisors LLC purchased a new position in shares of Lockheed Martin during the fourth quarter valued at approximately $35,000. Redwood Park Advisors LLC bought a new position in Lockheed Martin during the fourth quarter valued at approximately $40,000. Finally, Runnymede Capital Advisors Inc. bought a new stake in Lockheed Martin in the 4th quarter worth approximately $42,000. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on LMT. StockNews.com cut Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 3rd. JPMorgan Chase & Co. lowered their target price on Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Robert W. Baird upgraded Lockheed Martin from a “neutral” rating to an “outperform” rating and set a $540.00 price target for the company in a research note on Wednesday, April 23rd. Bank of America cut shares of Lockheed Martin from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $685.00 to $485.00 in a research note on Monday, March 24th. Finally, Royal Bank of Canada lowered shares of Lockheed Martin from an “outperform” rating to a “sector perform” rating and cut their target price for the company from $550.00 to $480.00 in a research report on Thursday, March 27th. Nine analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Lockheed Martin presently has an average rating of “Moderate Buy” and an average target price of $541.80.

Lockheed Martin Trading Down 0.1%

Lockheed Martin stock opened at $473.12 on Tuesday. Lockheed Martin Co. has a 1 year low of $418.88 and a 1 year high of $618.95. The firm’s 50 day moving average price is $462.09 and its 200-day moving average price is $481.59. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95. The stock has a market cap of $110.85 billion, a P/E ratio of 21.25, a PEG ratio of 2.07 and a beta of 0.29.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.34 by $0.94. The company had revenue of $17.96 billion for the quarter, compared to the consensus estimate of $17.83 billion. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. On average, equities analysts predict that Lockheed Martin Co. will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, June 2nd will be issued a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a yield of 2.79%. The ex-dividend date of this dividend is Monday, June 2nd. Lockheed Martin’s dividend payout ratio is presently 57.02%.

Insiders Place Their Bets

In other news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the business’s stock in a transaction dated Wednesday, February 26th. The shares were 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 in the company, valued at $884,840. The trade was a 61.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 transaction of $312,925.27. Following the sale, the vice president now owns 2,278 shares in the company, valued at $1,008,265.58. This represents a 23.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,133 shares of company stock valued at $3,155,916 in the last quarter. 0.14% of the stock is currently owned by 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.