Tepp RIA LLC Acquires New Holdings in Lockheed Martin Co. (NYSE:LMT)

Tepp RIA LLC bought a new position in shares of Lockheed Martin Co. (NYSE:LMT) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 736 shares of the aerospace company’s stock, valued at approximately $358,000. Lockheed Martin accounts for about 0.5% of Tepp RIA LLC’s portfolio, making the stock its 20th largest position.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Broadway Wealth Solutions Inc. bought a new position in shares of Lockheed Martin in the fourth quarter worth $253,000. New Age Alpha Advisors LLC increased its stake in Lockheed Martin by 18,850.0% in the 4th quarter. New Age Alpha Advisors LLC now owns 5,685 shares of the aerospace company’s stock worth $2,763,000 after acquiring an additional 5,655 shares during the last quarter. Powszechne Towarzystwo Emerytalne Allianz Polska S.A. purchased a new stake in shares of Lockheed Martin in the 4th quarter valued at about $9,768,000. Weik Capital Management raised its holdings in shares of Lockheed Martin by 0.8% in the 4th quarter. Weik Capital Management now owns 6,613 shares of the aerospace company’s stock valued at $3,214,000 after acquiring an additional 50 shares in the last quarter. Finally, Blair William & Co. IL boosted its position in shares of Lockheed Martin by 1.6% during the 4th quarter. Blair William & Co. IL now owns 56,577 shares of the aerospace company’s stock valued at $27,493,000 after acquiring an additional 897 shares during the last quarter. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Lockheed Martin news, VP Harry Edward Paul III sold 707 shares of the business’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 transaction, the vice president now directly owns 2,278 shares of the company’s stock, valued at approximately $1,008,265.58. The trade was a 23.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider now directly owns 2,000 shares of the company’s stock, valued at approximately $884,840. This represents a 61.63 % decrease in their ownership of the stock. 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. Company insiders own 0.17% of the company’s stock.

Analyst Upgrades and Downgrades

LMT has been the topic of a number of recent analyst reports. Bank of America downgraded shares of Lockheed Martin from a “buy” rating to a “neutral” rating and lowered their target price for the company from $685.00 to $485.00 in a research note on Monday. Royal Bank of Canada cut shares of Lockheed Martin from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from $550.00 to $480.00 in a research report on Thursday. Morgan Stanley cut their target price on shares of Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 29th. Susquehanna lowered their price target on Lockheed Martin from $590.00 to $550.00 and set a “positive” rating on the stock in a research report on Wednesday, January 29th. Finally, Melius Research cut Lockheed Martin from a “strong-buy” rating to a “hold” rating in a report on Monday. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $539.53.

Lockheed Martin Price Performance

Shares of Lockheed Martin stock opened at $442.27 on Friday. 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 Co. has a one year low of $419.70 and a one year high of $618.95. The business’s 50 day simple moving average is $457.47 and its two-hundred day simple moving average is $511.67. The stock has a market capitalization of $104.10 billion, a P/E ratio of 19.87, a price-to-earnings-growth ratio of 2.07 and a beta of 0.43.

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

Lockheed Martin Dividend Announcement

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 $3.30 dividend. The ex-dividend date 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%.

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.