Creative Financial Designs Inc. ADV Acquires 78 Shares of Lockheed Martin Co. (NYSE:LMT)

Creative Financial Designs Inc. ADV increased its holdings in Lockheed Martin Co. (NYSE:LMT) by 1.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,479 shares of the aerospace company’s stock after purchasing an additional 78 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in Lockheed Martin were worth $2,177,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the business. IMG Wealth Management Inc. bought a new stake in shares of Lockheed Martin in the fourth quarter worth about $83,000. SlateStone Wealth LLC grew its stake in shares of Lockheed Martin by 2.4% in the fourth quarter. SlateStone Wealth LLC now owns 17,314 shares of the aerospace company’s stock worth $8,414,000 after purchasing an additional 409 shares during the last quarter. GWN Securities Inc. bought a new stake in shares of Lockheed Martin in the fourth quarter worth about $1,428,000. Patten & Patten Inc. TN grew its stake in shares of Lockheed Martin by 3.6% in the fourth quarter. Patten & Patten Inc. TN now owns 2,087 shares of the aerospace company’s stock worth $1,014,000 after purchasing an additional 72 shares during the last quarter. Finally, Harbour Investments Inc. grew its stake in shares of Lockheed Martin by 4.5% in the fourth quarter. Harbour Investments Inc. now owns 5,172 shares of the aerospace company’s stock worth $2,513,000 after purchasing an additional 222 shares during the last quarter. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Price Performance

LMT stock opened at $467.32 on Tuesday. The firm has a 50 day moving average price of $461.40 and a 200-day moving average price of $517.49. Lockheed Martin Co. has a 52-week low of $419.70 and a 52-week high of $618.95. The firm has a market capitalization of $110.00 billion, a price-to-earnings ratio of 20.99, a PEG ratio of 2.07 and a beta of 0.43. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13.

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

Lockheed Martin Announces Dividend

The business also recently announced 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. This represents a $13.20 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date of this dividend is Monday, March 3rd. Lockheed Martin’s dividend payout ratio (DPR) is presently 59.30%.

Analyst Upgrades and Downgrades

LMT has been the subject of several research analyst reports. JPMorgan Chase & Co. lowered their price objective on shares of Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. Royal Bank of Canada lowered their price objective on shares of Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating for the company in a report on Wednesday, January 29th. UBS Group lowered their price objective on shares of Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating for the company in a report on Wednesday, January 29th. StockNews.com lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating in a report on Friday, January 31st. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $611.00 to $523.00 in a report on Thursday, January 2nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $554.20.

Insiders Place Their Bets

In other news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the business’s stock in a transaction on Wednesday, February 26th. The shares were 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 owns 2,000 shares of the company’s stock, valued at $884,840. The trade was a 61.63 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Harry Edward Paul III sold 707 shares of the company’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $442.61, for a total value of $312,925.27. Following the completion of the sale, the vice president now owns 2,278 shares of the company’s stock, valued at $1,008,265.58. This trade represents a 23.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,133 shares of company stock valued at $3,155,916. Company insiders own 0.17% of the company’s stock.

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.