RWA Wealth Partners LLC Buys 808 Shares of Lockheed Martin Co. (NYSE:LMT)

RWA Wealth Partners LLC boosted its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 2.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 41,960 shares of the aerospace company’s stock after purchasing an additional 808 shares during the period. RWA Wealth Partners LLC’s holdings in Lockheed Martin were worth $20,390,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Summit Securities Group LLC bought a new stake in shares of Lockheed Martin during the 4th quarter worth approximately $680,000. Arrowstreet Capital Limited Partnership raised its position in Lockheed Martin by 230.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 210,193 shares of the aerospace company’s stock worth $102,141,000 after acquiring an additional 146,581 shares in the last quarter. Transamerica Financial Advisors Inc. lifted its stake in Lockheed Martin by 7.6% in the fourth quarter. Transamerica Financial Advisors Inc. now owns 2,202 shares of the aerospace company’s stock valued at $1,070,000 after acquiring an additional 155 shares during the last quarter. Michael A. Dubis Financial Planning LLC bought a new position in shares of Lockheed Martin in the 4th quarter valued at about $972,000. Finally, WealthTrak Capital Management LLC acquired a new position in shares of Lockheed Martin during the 4th quarter worth about $121,000. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Trading Down 0.2 %

Shares of Lockheed Martin stock opened at $441.41 on Friday. The firm’s 50 day moving average is $456.49 and its 200 day moving average is $510.30. The firm has a market capitalization of $103.90 billion, a PE ratio of 19.83, a price-to-earnings-growth ratio of 2.07 and a beta of 0.43. Lockheed Martin Co. has a 1 year low of $419.70 and a 1 year 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.

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

Lockheed Martin Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 3rd were paid a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a dividend yield of 2.99%. The ex-dividend date was Monday, March 3rd. Lockheed Martin’s payout ratio is currently 59.30%.

Insider Transactions at Lockheed Martin

In other news, VP Harry Edward Paul III sold 707 shares of the company’s stock in a transaction 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 sale, the vice president now directly owns 2,278 shares of the company’s stock, valued at approximately $1,008,265.58. This represents a 23.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of Lockheed Martin stock in a transaction 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 transaction, the insider now directly owns 2,000 shares of the company’s stock, valued at $884,840. This represents a 61.63 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,133 shares of company stock worth $3,155,916. Company insiders own 0.17% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Barclays dropped their price objective on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a research note on Monday, January 6th. Melius Research lowered Lockheed Martin from a “strong-buy” rating to a “hold” rating in a report on Monday, March 24th. Wells Fargo & Company reissued an “equal weight” rating on shares of Lockheed Martin in a research report on Monday, March 10th. Morgan Stanley dropped their price objective on shares of Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 29th. Finally, Melius lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Monday, March 24th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $539.53.

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.