Insight Advisors LLC PA Has $681,000 Stake in Lockheed Martin Co. (NYSE:LMT)

Insight Advisors LLC PA trimmed its stake in Lockheed Martin Co. (NYSE:LMT) by 3.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,409 shares of the aerospace company’s stock after selling 52 shares during the period. Insight Advisors LLC PA’s holdings in Lockheed Martin were worth $681,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Algert Global LLC bought a new position in Lockheed Martin during the 2nd quarter valued at about $277,000. Czech National Bank raised its stake in shares of Lockheed Martin by 6.2% in the third quarter. Czech National Bank now owns 43,214 shares of the aerospace company’s stock worth $25,261,000 after acquiring an additional 2,520 shares during the last quarter. Miracle Mile Advisors LLC raised its stake in shares of Lockheed Martin by 2.5% in the third quarter. Miracle Mile Advisors LLC now owns 1,471 shares of the aerospace company’s stock worth $860,000 after acquiring an additional 36 shares during the last quarter. Ignite Planners LLC grew its position in shares of Lockheed Martin by 23.5% during the 3rd quarter. Ignite Planners LLC now owns 857 shares of the aerospace company’s stock worth $501,000 after buying an additional 163 shares during the period. Finally, Atomi Financial Group Inc. grew its position in shares of Lockheed Martin by 45.7% during the 3rd quarter. Atomi Financial Group Inc. now owns 2,821 shares of the aerospace company’s stock worth $1,649,000 after buying an additional 885 shares during the period. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Stock Performance

NYSE LMT opened at $449.44 on Thursday. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10. The firm’s fifty day moving average price is $489.62 and its two-hundred day moving average price is $537.03. Lockheed Martin Co. has a 1 year low of $413.92 and a 1 year high of $618.95. The firm has a market capitalization of $105.79 billion, a P/E ratio of 20.19, a price-to-earnings-growth ratio of 2.96 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.58 by $1.09. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. As a group, research analysts anticipate that Lockheed Martin Co. will post 27.29 EPS for the current year.

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be issued a $3.30 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $13.20 annualized dividend and a dividend yield of 2.94%. Lockheed Martin’s dividend payout ratio is currently 59.30%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Royal Bank of Canada decreased 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. Morgan Stanley decreased 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 report on Wednesday, January 29th. UBS Group reduced their price target 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. Robert W. Baird upped their price target on shares of Lockheed Martin from $519.00 to $626.00 in a report on Tuesday, October 22nd. Finally, StockNews.com cut shares of Lockheed Martin from a “buy” rating to a “hold” rating in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $555.60.

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.