McDonough Capital Management Inc Buys 540 Shares of Lockheed Martin Co. (NYSE:LMT)

McDonough Capital Management Inc grew its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 7.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,687 shares of the aerospace company’s stock after acquiring an additional 540 shares during the period. Lockheed Martin comprises approximately 2.3% of McDonough Capital Management Inc’s investment portfolio, making the stock its 13th biggest holding. McDonough Capital Management Inc’s holdings in Lockheed Martin were worth $3,735,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of LMT. Intact Investment Management Inc. bought a new position in Lockheed Martin in the third quarter worth approximately $70,000. Fiduciary Family Office LLC bought a new position in Lockheed Martin in the third quarter worth approximately $580,000. JFG Wealth Management LLC bought a new position in Lockheed Martin in the third quarter worth approximately $234,000. Catalina Capital Group LLC raised its stake in Lockheed Martin by 6.2% in the third quarter. Catalina Capital Group LLC now owns 1,191 shares of the aerospace company’s stock worth $696,000 after buying an additional 70 shares in the last quarter. Finally, Callahan Advisors LLC raised its stake in Lockheed Martin by 5.8% in the third quarter. Callahan Advisors LLC now owns 3,161 shares of the aerospace company’s stock worth $1,848,000 after buying an additional 172 shares in the last quarter. Institutional investors own 74.19% of the company’s stock.

Insider Activity at Lockheed Martin

In related news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the business’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $442.42, for a total transaction of $1,421,495.46. Following the completion of the transaction, the insider now directly owns 2,000 shares in the company, valued at $884,840. The trade was a 61.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Harry Edward Paul III sold 707 shares of the company’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $442.61, for a total transaction of $312,925.27. Following the completion of the transaction, the vice president now owns 2,278 shares of the company’s stock, valued at approximately $1,008,265.58. This trade represents a 23.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,133 shares of company stock worth $3,155,916 over the last three months. Company insiders own 0.17% of the company’s stock.

Lockheed Martin Price Performance

Shares of LMT opened at $460.71 on Thursday. The firm has a market capitalization of $108.45 billion, a PE ratio of 20.70, a price-to-earnings-growth ratio of 2.07 and a beta of 0.43. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95. Lockheed Martin Co. has a 1-year low of $419.70 and a 1-year high of $618.95. The company’s fifty day moving average price is $463.76 and its 200-day moving average price is $522.84.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, beating analysts’ consensus estimates of $6.58 by $1.09. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. On average, equities research analysts predict that Lockheed Martin Co. will post 27.15 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. Stockholders of record on Monday, March 3rd will be issued a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date of this dividend is Monday, March 3rd. Lockheed Martin’s dividend payout ratio (DPR) is presently 59.30%.

Analyst Ratings Changes

LMT has been the subject of a number of recent research reports. Susquehanna reduced their price objective on shares of Lockheed Martin from $590.00 to $550.00 and set a “positive” rating for the company in a research note on Wednesday, January 29th. StockNews.com downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Friday, January 31st. Deutsche Bank Aktiengesellschaft lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating and cut their price target for the stock from $611.00 to $523.00 in a report on Thursday, January 2nd. Barclays cut their price target on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a report on Monday, January 6th. Finally, Morgan Stanley cut their price target on shares of Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $553.67.

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.