Harbour Investments Inc. Increases Stake in Lockheed Martin Co. (NYSE:LMT)

Harbour Investments Inc. lifted its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 4.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,172 shares of the aerospace company’s stock after buying an additional 222 shares during the quarter. Harbour Investments Inc.’s holdings in Lockheed Martin were worth $2,513,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Pollock Investment Advisors LLC purchased a new position in shares of Lockheed Martin during the fourth quarter valued at about $1,765,000. CBIZ Investment Advisory Services LLC increased its position in shares of Lockheed Martin by 75.6% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 158 shares of the aerospace company’s stock valued at $77,000 after buying an additional 68 shares during the period. one8zero8 LLC bought a new stake in Lockheed Martin during the fourth quarter worth about $1,312,000. Choate Investment Advisors boosted its stake in Lockheed Martin by 11.3% during the fourth quarter. Choate Investment Advisors now owns 1,268 shares of the aerospace company’s stock worth $616,000 after acquiring an additional 129 shares in the last quarter. Finally, Clearstead Trust LLC boosted its stake in Lockheed Martin by 2,423.3% during the fourth quarter. Clearstead Trust LLC now owns 757 shares of the aerospace company’s stock worth $368,000 after acquiring an additional 727 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on LMT shares. UBS Group dropped their price objective on shares of Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 29th. Morgan Stanley dropped their price objective on shares of Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 29th. Susquehanna dropped their price objective on shares of Lockheed Martin from $590.00 to $550.00 and set a “positive” rating on the stock in a research note on Wednesday, January 29th. Royal Bank of Canada dropped their price objective on shares of Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 29th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $554.20.

Insiders Place Their Bets

In other Lockheed Martin news, VP Harry Edward Paul III sold 707 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $442.61, for a total value of $312,925.27. Following the transaction, the vice president now directly owns 2,278 shares in the company, valued at approximately $1,008,265.58. This trade represents a 23.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the stock in a transaction that occurred on 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 transaction, the insider now owns 2,000 shares in the company, valued at $884,840. The trade was a 61.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,133 shares of company stock worth $3,155,916. Company insiders own 0.17% of the company’s stock.

Lockheed Martin Trading Up 0.2 %

Shares of LMT stock opened at $467.32 on Tuesday. Lockheed Martin Co. has a 12-month low of $419.70 and a 12-month high of $618.95. 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 firm’s 50 day moving average is $461.40 and its 200 day moving average is $517.49. The stock has a market capitalization of $110.00 billion, a P/E ratio of 20.99, a P/E/G 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 earnings per share (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%. Research analysts expect that Lockheed Martin Co. will post 27.15 earnings per share for the current year.

Lockheed Martin Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be given a $3.30 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $13.20 annualized dividend and a yield of 2.82%. Lockheed Martin’s payout ratio is presently 59.30%.

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. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.