Twinbeech Capital LP Makes New Investment in Lockheed Martin Co. (NYSE:LMT)

Twinbeech Capital LP acquired a new position in Lockheed Martin Co. (NYSE:LMT) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 51,647 shares of the aerospace company’s stock, valued at approximately $25,097,000.

A number of other institutional investors have also added to or reduced their stakes in LMT. Millstone Evans Group LLC bought a new position in Lockheed Martin in the fourth quarter worth $32,000. Mizuho Securities Co. Ltd. bought a new position in Lockheed Martin in the fourth quarter worth $34,000. Heck Capital Advisors LLC bought a new position in Lockheed Martin in the fourth quarter worth $35,000. Redwood Park Advisors LLC bought a new position in shares of Lockheed Martin during the fourth quarter valued at $40,000. Finally, Runnymede Capital Advisors Inc. bought a new position in shares of Lockheed Martin during the fourth quarter valued at $42,000. Institutional investors own 74.19% of the company’s stock.

Analyst Ratings Changes

LMT has been the subject of several analyst reports. Melius downgraded Lockheed Martin from a “buy” rating to a “hold” rating in a report on Monday, March 24th. StockNews.com downgraded Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 3rd. Morgan Stanley upgraded Lockheed Martin from an “equal weight” rating to an “overweight” rating and set a $575.00 price target for the company in a report on Wednesday, April 16th. Jefferies Financial Group reduced their price target on Lockheed Martin from $510.00 to $500.00 and set a “hold” rating for the company in a report on Monday, April 28th. Finally, Bank of America downgraded Lockheed Martin from a “buy” rating to a “neutral” rating and reduced their price target for the company from $685.00 to $485.00 in a report on Monday, March 24th. Nine 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 stock. According to MarketBeat.com, Lockheed Martin presently has an average rating of “Moderate Buy” and an average price target of $541.80.

Insider Buying and Selling at Lockheed Martin

In other Lockheed Martin news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the business’s 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Harry Edward Paul III sold 707 shares of the business’s 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. Insiders sold a total of 7,133 shares of company stock worth $3,155,916 in the last three months. 0.14% of the stock is currently owned by company insiders.

Lockheed Martin Price Performance

NYSE LMT opened at $467.54 on Monday. Lockheed Martin Co. has a one year low of $418.88 and a one year high of $618.95. The stock has a 50-day moving average of $461.21 and a 200 day moving average of $479.11. The company has a market capitalization of $109.54 billion, a price-to-earnings ratio of 21.00, a PEG ratio of 2.07 and a beta of 0.29. 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 released its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $7.28 EPS for the quarter, topping the consensus estimate of $6.34 by $0.94. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. The company had revenue of $17.96 billion during the quarter, compared to the consensus estimate of $17.83 billion. On average, sell-side analysts forecast that Lockheed Martin Co. will post 27.15 EPS for the current year.

Lockheed Martin Dividend Announcement

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

Lockheed Martin Company 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.