Lockheed Martin Co. (NYSE:LMT) Stake Boosted by Teza Capital Management LLC

Teza Capital Management LLC increased its position in shares of Lockheed Martin Co. (NYSE:LMT) by 146.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,724 shares of the aerospace company’s stock after purchasing an additional 6,374 shares during the quarter. Lockheed Martin accounts for about 0.8% of Teza Capital Management LLC’s investment portfolio, making the stock its 13th largest holding. Teza Capital Management LLC’s holdings in Lockheed Martin were worth $5,211,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Kentucky Retirement Systems Insurance Trust Fund lifted its stake in Lockheed Martin by 51.7% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 9,528 shares of the aerospace company’s stock worth $4,630,000 after purchasing an additional 3,247 shares during the last quarter. Brady Martz Wealth Solutions LLC bought a new position in Lockheed Martin during the fourth quarter worth $1,266,000. Aquatic Capital Management LLC acquired a new stake in Lockheed Martin in the fourth quarter worth $33,294,000. Private Advisor Group LLC increased its position in Lockheed Martin by 11.0% in the fourth quarter. Private Advisor Group LLC now owns 51,253 shares of the aerospace company’s stock worth $24,906,000 after buying an additional 5,075 shares during the period. Finally, Confluence Wealth Services Inc. increased its position in Lockheed Martin by 174.0% in the fourth quarter. Confluence Wealth Services Inc. now owns 3,176 shares of the aerospace company’s stock worth $1,579,000 after buying an additional 2,017 shares during the period. 74.19% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on LMT. Citigroup dropped their target price on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a research report on Tuesday, January 21st. Melius lowered Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Monday, March 24th. StockNews.com lowered Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 3rd. Wells Fargo & Company dropped their target price on Lockheed Martin from $476.00 to $432.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 8th. Finally, Morgan Stanley raised Lockheed Martin from an “equal weight” rating to an “overweight” rating and set a $575.00 price target on the stock in a report on Wednesday, April 16th. Nine equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Lockheed Martin has an average rating of “Moderate Buy” and an average target price of $541.80.

Lockheed Martin Trading Up 0.5%

NYSE:LMT opened at $467.54 on Friday. Lockheed Martin Co. has a 1-year low of $418.88 and a 1-year high of $618.95. The firm has a market capitalization of $109.54 billion, a price-to-earnings ratio of 21.00, a price-to-earnings-growth ratio of 2.07 and a beta of 0.29. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10. The stock has a fifty day simple moving average of $461.21 and a 200 day simple moving average of $479.58.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $7.28 EPS for the quarter, topping analysts’ consensus estimates of $6.34 by $0.94. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. The firm had revenue of $17.96 billion during the quarter, compared to analyst estimates of $17.83 billion. Sell-side analysts forecast that Lockheed Martin Co. will post 27.15 earnings per share for the current year.

Lockheed Martin Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, June 2nd will be given a dividend of $3.30 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $13.20 dividend on an annualized basis and a yield of 2.82%. Lockheed Martin’s payout ratio is presently 57.02%.

Insiders Place Their Bets

In other news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of Lockheed Martin stock in a transaction dated 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 sale, the insider now directly owns 2,000 shares in the company, valued at $884,840. The trade was a 61.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Harry Edward Paul III sold 707 shares of Lockheed Martin stock in a transaction dated 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 owns 2,278 shares of the company’s stock, valued at approximately $1,008,265.58. This represents a 23.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,133 shares of company stock worth $3,155,916. 0.14% of the stock is currently owned by company insiders.

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.