Pollock Investment Advisors LLC Takes Position in Lockheed Martin Co. (NYSE:LMT)

Pollock Investment Advisors LLC bought a new stake in shares of Lockheed Martin Co. (NYSE:LMT) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 3,633 shares of the aerospace company’s stock, valued at approximately $1,765,000. Lockheed Martin comprises 1.4% of Pollock Investment Advisors LLC’s investment portfolio, making the stock its 7th largest position.

Other large investors have also recently made changes to their positions in the company. Itau Unibanco Holding S.A. purchased a new position in shares of Lockheed Martin during the third quarter valued at approximately $26,000. Heck Capital Advisors LLC purchased a new position in shares of Lockheed Martin during the fourth quarter valued at approximately $35,000. Legacy Investment Solutions LLC purchased a new position in shares of Lockheed Martin during the third quarter valued at approximately $42,000. Sugar Maple Asset Management LLC purchased a new position in shares of Lockheed Martin during the fourth quarter valued at approximately $47,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in shares of Lockheed Martin during the fourth quarter valued at approximately $52,000. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Lockheed Martin Trading Down 0.2 %

Shares of LMT stock opened at $467.07 on Friday. Lockheed Martin Co. has a 1 year low of $419.70 and a 1 year high of $618.95. The firm has a fifty day moving average price of $461.39 and a 200-day moving average price of $518.51. 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 company has a market cap of $109.94 billion, a price-to-earnings ratio of 20.98, a PEG ratio of 2.07 and a beta of 0.43.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.58 by $1.09. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. As a group, equities analysts predict that Lockheed Martin Co. will post 27.15 earnings per share for the current year.

Lockheed Martin Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be given a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date of this dividend is Monday, March 3rd. Lockheed Martin’s payout ratio is 59.30%.

Insider Activity

In related news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of Lockheed Martin stock in a transaction on Wednesday, February 26th. The shares were 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 in the company, valued at approximately $884,840. The trade was a 61.63 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Harry Edward Paul III sold 707 shares of Lockheed Martin 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 transaction, the vice president now owns 2,278 shares in the company, valued at approximately $1,008,265.58. This trade represents a 23.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,133 shares of company stock valued at $3,155,916 in the last 90 days. Company insiders own 0.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on LMT. Barclays lowered their target price on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a report on Monday, January 6th. Wells Fargo & Company reissued an “equal weight” rating on shares of Lockheed Martin in a research report on Monday, March 10th. Citigroup reduced their price target on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a research report on Tuesday, January 21st. JPMorgan Chase & Co. reduced their price target on shares of Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. Finally, Royal Bank of Canada reduced their price target on shares of Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating for the company in a research report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $554.20.

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.