Capital Financial Planning LLC Takes $36,000 Position in Lockheed Martin Co. (LMT)

Capital Financial Planning LLC acquired a new position in shares of Lockheed Martin Co. (NYSE:LMT) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 139 shares of the aerospace company’s stock, valued at approximately $36,000.

Other institutional investors also recently added to or reduced their stakes in the company. Blue Fin Capital Inc. boosted its holdings in shares of Lockheed Martin by 4.8% in the 3rd quarter. Blue Fin Capital Inc. now owns 5,307 shares of the aerospace company’s stock valued at $1,836,000 after buying an additional 241 shares in the last quarter. Brown Advisory Inc. increased its holdings in Lockheed Martin by 2.4% during the 3rd quarter. Brown Advisory Inc. now owns 30,599 shares of the aerospace company’s stock valued at $10,586,000 after acquiring an additional 718 shares in the last quarter. Baird Financial Group Inc. increased its holdings in Lockheed Martin by 14.2% during the 3rd quarter. Baird Financial Group Inc. now owns 56,230 shares of the aerospace company’s stock valued at $19,563,000 after acquiring an additional 6,979 shares in the last quarter. Blair William & Co. IL increased its holdings in Lockheed Martin by 8.1% during the 3rd quarter. Blair William & Co. IL now owns 12,297 shares of the aerospace company’s stock valued at $4,254,000 after acquiring an additional 921 shares in the last quarter. Finally, Franklin Resources Inc. increased its holdings in Lockheed Martin by 0.6% during the 3rd quarter. Franklin Resources Inc. now owns 669,911 shares of the aerospace company’s stock valued at $231,763,000 after acquiring an additional 4,211 shares in the last quarter. Hedge funds and other institutional investors own 78.31% of the company’s stock.

NYSE LMT traded up $3.76 during midday trading on Friday, hitting $314.26. The company had a trading volume of 1,107,163 shares, compared to its average volume of 935,154. The stock has a market capitalization of $88.80 billion, a PE ratio of 17.61, a P/E/G ratio of 2.33 and a beta of 1.01. The company has a debt-to-equity ratio of 8.70, a current ratio of 1.12 and a quick ratio of 0.91. Lockheed Martin Co. has a twelve month low of $241.18 and a twelve month high of $361.99.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, January 29th. The aerospace company reported $4.39 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $4.39. The firm had revenue of $14.41 billion during the quarter, compared to analysts’ expectations of $13.75 billion. Lockheed Martin had a return on equity of 726.78% and a net margin of 9.39%. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the firm earned ($2.25) EPS. On average, equities analysts expect that Lockheed Martin Co. will post 19.46 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 1st were issued a $2.20 dividend. The ex-dividend date of this dividend was Thursday, February 28th. This represents a $8.80 dividend on an annualized basis and a yield of 2.80%. Lockheed Martin’s payout ratio is presently 49.30%.

LMT has been the topic of several research analyst reports. ValuEngine cut shares of Lockheed Martin from a “hold” rating to a “sell” rating in a research report on Wednesday, February 20th. Morgan Stanley lifted their price target on shares of Lockheed Martin from $300.00 to $324.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 13th. Jefferies Financial Group reiterated a “hold” rating and issued a $313.00 target price on shares of Lockheed Martin in a report on Tuesday, February 5th. Bank of America reissued a “buy” rating and issued a $390.00 target price on shares of Lockheed Martin in a research report on Wednesday, January 30th. Finally, Credit Suisse Group reiterated a “hold” rating and set a $297.00 target price on shares of Lockheed Martin in a research note on Wednesday, January 23rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $350.00.

In related news, Director Ilene S. Gordon acquired 750 shares of the stock in a transaction dated Monday, February 25th. The stock was purchased at an average cost of $306.04 per share, with a total value of $229,530.00. Following the completion of the purchase, the director now directly owns 750 shares in the company, valued at approximately $229,530. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Michele A. Evans sold 7,690 shares of the stock in a transaction that occurred on Thursday, February 7th. The shares were sold at an average price of $298.78, for a total value of $2,297,618.20. Following the sale, the insider now directly owns 7,690 shares of the company’s stock, valued at $2,297,618.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 85,186 shares of company stock valued at $26,010,927. Company insiders own 0.35% of the company’s stock.

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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. 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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