Colony Group LLC increased its stake in Lockheed Martin Co. (NYSE:LMT) by 16.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,397 shares of the aerospace company’s stock after buying an additional 1,186 shares during the quarter. Colony Group LLC’s holdings in Lockheed Martin were worth $3,270,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Private Ocean LLC grew its stake in Lockheed Martin by 5.5% during the 4th quarter. Private Ocean LLC now owns 462 shares of the aerospace company’s stock valued at $180,000 after purchasing an additional 24 shares in the last quarter. Sheets Smith Wealth Management grew its stake in Lockheed Martin by 3.8% during the 4th quarter. Sheets Smith Wealth Management now owns 680 shares of the aerospace company’s stock valued at $265,000 after purchasing an additional 25 shares in the last quarter. Guyasuta Investment Advisors Inc. grew its stake in Lockheed Martin by 0.3% during the 4th quarter. Guyasuta Investment Advisors Inc. now owns 7,576 shares of the aerospace company’s stock valued at $2,950,000 after purchasing an additional 25 shares in the last quarter. JJJ Advisors Inc. grew its stake in Lockheed Martin by 0.8% during the 4th quarter. JJJ Advisors Inc. now owns 3,199 shares of the aerospace company’s stock valued at $1,246,000 after purchasing an additional 26 shares in the last quarter. Finally, Indiana Trust & Investment Management CO grew its stake in Lockheed Martin by 3.3% during the 4th quarter. Indiana Trust & Investment Management CO now owns 880 shares of the aerospace company’s stock valued at $343,000 after purchasing an additional 28 shares in the last quarter. Institutional investors and hedge funds own 79.93% of the company’s stock.

In other Lockheed Martin news, EVP John Frank A. St sold 556 shares of the stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $438.60, for a total value of $243,861.60. Following the sale, the executive vice president now directly owns 1,401 shares of the company’s stock, valued at $614,478.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Brian P. Colan sold 1,108 shares of the stock in a transaction on Wednesday, January 29th. The stock was sold at an average price of $434.77, for a total value of $481,725.16. The disclosure for this sale can be found here. In the last three months, insiders sold 39,793 shares of company stock worth $17,313,473. Company insiders own 0.17% of the company’s stock.

LMT opened at $319.67 on Thursday. The firm has a market cap of $81.39 billion, a price-to-earnings ratio of 14.57, a price-to-earnings-growth ratio of 1.74 and a beta of 1.00. Lockheed Martin Co. has a fifty-two week low of $266.11 and a fifty-two week high of $442.53. The company’s 50-day moving average price is $383.58 and its 200 day moving average price is $390.90. The company has a quick ratio of 0.96, a current ratio of 1.22 and a debt-to-equity ratio of 3.60.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, January 28th. The aerospace company reported $5.29 EPS for the quarter, beating the Zacks’ consensus estimate of $5.03 by $0.26. The company had revenue of $15.88 billion during the quarter, compared to the consensus estimate of $15.28 billion. Lockheed Martin had a return on equity of 198.95% and a net margin of 10.42%. Lockheed Martin’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.39 earnings per share. Research analysts anticipate that Lockheed Martin Co. will post 24.12 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Monday, March 2nd will be issued a $2.40 dividend. This represents a $9.60 annualized dividend and a dividend yield of 3.00%. The ex-dividend date is Friday, February 28th. Lockheed Martin’s dividend payout ratio (DPR) is 43.74%.

LMT has been the subject of a number of recent analyst reports. DZ Bank upgraded Lockheed Martin from a “hold” rating to a “buy” rating and set a $360.00 price objective for the company in a research note on Wednesday. UBS Group raised their price objective on Lockheed Martin from $440.00 to $470.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. Goldman Sachs Group raised their price objective on Lockheed Martin from $469.00 to $520.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Stifel Nicolaus raised their price objective on Lockheed Martin from $405.00 to $480.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Finally, Susquehanna Bancshares increased their target price on Lockheed Martin from to and gave the stock a “buy” rating in a report on Wednesday, January 29th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $433.88.

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. It operates through four segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.

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Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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