Slagle Financial LLC Raises Stock Position in Lockheed Martin Co. (NYSE:LMT)

Slagle Financial LLC lifted its position in shares of Lockheed Martin Co. (NYSE:LMT) by 7.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,447 shares of the aerospace company’s stock after acquiring an additional 448 shares during the quarter. Lockheed Martin accounts for about 1.4% of Slagle Financial LLC’s holdings, making the stock its 26th biggest position. Slagle Financial LLC’s holdings in Lockheed Martin were worth $3,133,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of LMT. Virtue Capital Management LLC grew its holdings in Lockheed Martin by 112.8% in the third quarter. Virtue Capital Management LLC now owns 2,249 shares of the aerospace company’s stock valued at $1,315,000 after purchasing an additional 1,192 shares during the last quarter. Hilltop Holdings Inc. boosted its position in shares of Lockheed Martin by 79.9% in the 3rd quarter. Hilltop Holdings Inc. now owns 12,068 shares of the aerospace company’s stock worth $7,054,000 after buying an additional 5,361 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund increased its holdings in Lockheed Martin by 51.7% during the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 9,528 shares of the aerospace company’s stock valued at $4,630,000 after acquiring an additional 3,247 shares in the last quarter. Capital Investment Advisors LLC lifted its holdings in shares of Lockheed Martin by 2.2% in the fourth quarter. Capital Investment Advisors LLC now owns 92,131 shares of the aerospace company’s stock valued at $44,770,000 after purchasing an additional 2,011 shares in the last quarter. Finally, Brady Martz Wealth Solutions LLC acquired a new position in shares of Lockheed Martin in the fourth quarter worth $1,266,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Insider Transactions at Lockheed Martin

In other Lockheed Martin news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the company’s stock in a transaction that occurred on 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 transaction, 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 position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Harry Edward Paul III sold 707 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $442.61, for a total transaction of $312,925.27. Following the sale, the vice president now directly owns 2,278 shares of the company’s stock, valued at $1,008,265.58. The trade was a 23.69 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,133 shares of company stock valued at $3,155,916. Corporate insiders own 0.17% of the company’s stock.

Lockheed Martin Stock Down 0.7 %

Shares of Lockheed Martin stock opened at $442.27 on Friday. Lockheed Martin Co. has a twelve month low of $419.70 and a twelve month high of $618.95. The stock has a market cap of $104.10 billion, a price-to-earnings ratio of 19.87, a price-to-earnings-growth ratio of 2.07 and a beta of 0.43. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10. The company has a fifty day moving average price of $457.47 and a 200 day moving average price of $511.67.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, topping the consensus estimate of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. Equities research analysts forecast that Lockheed Martin Co. will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be paid a dividend of $3.30 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.98%. Lockheed Martin’s dividend payout ratio is currently 59.30%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on LMT shares. Melius lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Monday. Wells Fargo & Company reissued an “equal weight” rating on shares of Lockheed Martin in a research note on Monday, March 10th. StockNews.com raised Lockheed Martin from a “hold” rating to a “buy” rating in a research report on Monday. Citigroup reduced their target price on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a research report on Tuesday, January 21st. Finally, Melius Research cut Lockheed Martin from a “strong-buy” rating to a “hold” rating in a report on Monday. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $539.53.

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.