Lockheed Martin Co. (NYSE:LMT) Shares Purchased by Ambassador Advisors LLC

Ambassador Advisors LLC grew its holdings in shares of Lockheed Martin Co. (NYSE:LMT – Get Rating) by 11.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 750 shares of the aerospace company’s stock after purchasing an additional 80 shares during the quarter. Ambassador Advisors LLC’s holdings in Lockheed Martin were worth $290,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. IMA Wealth Inc. lifted its stake in shares of Lockheed Martin by 41.8% during the 2nd quarter. IMA Wealth Inc. now owns 78 shares of the aerospace company’s stock worth $34,000 after purchasing an additional 23 shares during the period. Tilia Fiduciary Partners Inc. raised its position in shares of Lockheed Martin by 3.2% in the 3rd quarter. Tilia Fiduciary Partners Inc. now owns 751 shares of the aerospace company’s stock worth $309,000 after buying an additional 23 shares during the period. PrairieView Partners LLC raised its position in shares of Lockheed Martin by 22.3% in the 3rd quarter. PrairieView Partners LLC now owns 126 shares of the aerospace company’s stock worth $49,000 after buying an additional 23 shares during the period. Fairhaven Wealth Management LLC raised its position in shares of Lockheed Martin by 3.6% in the 3rd quarter. Fairhaven Wealth Management LLC now owns 660 shares of the aerospace company’s stock worth $255,000 after buying an additional 23 shares during the period. Finally, MADDEN SECURITIES Corp increased its holdings in Lockheed Martin by 3.2% in the 3rd quarter. MADDEN SECURITIES Corp now owns 814 shares of the aerospace company’s stock valued at $314,000 after purchasing an additional 25 shares in the last quarter. Hedge funds and other institutional investors own 75.18% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on LMT. Morgan Stanley decreased their price target on Lockheed Martin from $542.00 to $532.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 25th. The Goldman Sachs Group cut shares of Lockheed Martin from a “neutral” rating to a “sell” rating and cut their target price for the stock from $388.00 to $332.00 in a report on Friday, January 13th. Credit Suisse Group raised Lockheed Martin from an “underperform” rating to an “outperform” rating and lifted their price target for the company from $427.00 to $510.00 in a report on Monday, February 6th. StockNews.com began coverage on Lockheed Martin in a report on Thursday. They set a “buy” rating on the stock. Finally, Citigroup began coverage on Lockheed Martin in a report on Thursday, December 8th. They set a “buy” rating and a $546.00 price target on the stock. Two research analysts have rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Lockheed Martin presently has a consensus rating of “Hold” and an average target price of $490.43.

Lockheed Martin Price Performance

Shares of LMT stock opened at $473.31 on Thursday. Lockheed Martin Co. has a 1 year low of $373.67 and a 1 year high of $498.95. The firm’s 50 day moving average is $467.59 and its 200-day moving average is $457.49. The firm has a market capitalization of $120.84 billion, a price-to-earnings ratio of 21.80, a PEG ratio of 2.58 and a beta of 0.68. The company has a current ratio of 1.32, a quick ratio of 1.13 and a debt-to-equity ratio of 1.67.

Lockheed Martin (NYSE:LMT – Get Rating) last announced its earnings results on Tuesday, January 24th. The aerospace company reported $7.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.41 by $0.38. Lockheed Martin had a net margin of 8.69% and a return on equity of 68.01%. The company had revenue of $18.99 billion for the quarter, compared to analyst estimates of $18.25 billion. During the same period in the prior year, the business earned $7.47 earnings per share. Lockheed Martin’s quarterly revenue was up 7.1% on a year-over-year basis. Sell-side analysts forecast that Lockheed Martin Co. will post 26.86 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 24th. Investors of record on Wednesday, March 1st will be issued a $3.00 dividend. The ex-dividend date is Tuesday, February 28th. This represents a $12.00 annualized dividend and a yield of 2.54%. Lockheed Martin’s dividend payout ratio is currently 55.27%.

Insider Activity at Lockheed Martin

In other Lockheed Martin news, Director John Donovan acquired 556 shares of the business’s stock in a transaction that occurred on Wednesday, January 25th. The shares were acquired at an average cost of $451.20 per share, for a total transaction of $250,867.20. Following the completion of the acquisition, the director now directly owns 2,324 shares of the company’s stock, valued at approximately $1,048,588.80. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Timothy S. Cahill sold 2,534 shares of the stock in a transaction on Monday, March 6th. The shares were sold at an average price of $479.44, for a total transaction of $1,214,900.96. Following the completion of the sale, the executive vice president now owns 10,460 shares of the company’s stock, valued at $5,014,942.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John Donovan acquired 556 shares of the stock in a transaction dated Wednesday, January 25th. The shares were bought at an average cost of $451.20 per share, with a total value of $250,867.20. Following the transaction, the director now directly owns 2,324 shares of the company’s stock, valued at $1,048,588.80. The disclosure for this purchase can be found here. 0.17% of the stock is currently owned by company insiders.

Lockheed Martin Profile

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Lockheed Martin Corp. is a global security and aerospace company, which engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services. It operates through the following business segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.