Vident Advisory LLC Purchases 730 Shares of Lockheed Martin Co. (NYSE:LMT)

Vident Advisory LLC lifted its position in Lockheed Martin Co. (NYSE:LMT) by 10.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 7,450 shares of the aerospace company’s stock after acquiring an additional 730 shares during the period. Vident Advisory LLC’s holdings in Lockheed Martin were worth $3,621,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Millstone Evans Group LLC bought a new position in shares of Lockheed Martin in the fourth quarter worth approximately $32,000. Mizuho Securities Co. Ltd. purchased a new position in shares of Lockheed Martin during the fourth quarter valued at approximately $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 purchased a new position in shares of Lockheed Martin during the fourth quarter valued at approximately $40,000. Finally, Runnymede Capital Advisors Inc. purchased a new position in shares of Lockheed Martin during the fourth quarter valued at approximately $42,000. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

LMT opened at $475.20 on Wednesday. The firm has a market cap of $111.34 billion, a P/E ratio of 21.35, a PEG ratio of 2.07 and a beta of 0.29. Lockheed Martin Co. has a 1-year low of $418.88 and a 1-year high of $618.95. The company has a 50 day simple moving average of $461.58 and a two-hundred day simple moving average of $478.57. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share for the quarter, topping analysts’ consensus estimates of $6.34 by $0.94. The business had revenue of $17.96 billion during the quarter, compared to analyst estimates of $17.83 billion. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. Equities analysts forecast 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 given a $3.30 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.78%. Lockheed Martin’s payout ratio is currently 57.02%.

Insider Buying and Selling

In related news, VP Harry Edward Paul III sold 707 shares of the company’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $442.61, for a total transaction of $312,925.27. Following the completion of the transaction, the vice president now owns 2,278 shares in the company, valued at approximately $1,008,265.58. This represents a 23.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the company’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $442.42, for a total transaction of $1,421,495.46. Following the transaction, the insider now owns 2,000 shares of the company’s stock, valued at approximately $884,840. This represents a 61.63% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,133 shares of company stock worth $3,155,916. 0.14% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Melius Research cut shares of Lockheed Martin from a “strong-buy” rating to a “hold” rating in a report on Monday, March 24th. Robert W. Baird raised shares of Lockheed Martin from a “neutral” rating to an “outperform” rating and set a $540.00 price objective for the company in a report on Wednesday, April 23rd. Baird R W raised shares of Lockheed Martin from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 23rd. JPMorgan Chase & Co. decreased their price objective on shares of Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. Finally, Melius cut shares of Lockheed Martin from a “buy” rating to a “hold” rating in a report on Monday, March 24th. Nine equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $541.80.

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.