Cambridge Trust Co. Trims Holdings in Lockheed Martin Co. (NYSE:LMT)

Cambridge Trust Co. cut its stake in Lockheed Martin Co. (NYSE:LMT – Get Rating) by 4.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,495 shares of the aerospace company’s stock after selling 64 shares during the quarter. Cambridge Trust Co.’s holdings in Lockheed Martin were worth $727,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. IMA Wealth Inc. grew its position in shares of Lockheed Martin by 41.8% in the second quarter. IMA Wealth Inc. now owns 78 shares of the aerospace company’s stock valued at $34,000 after purchasing an additional 23 shares in the last quarter. Optiver Holding B.V. purchased a new position in Lockheed Martin during the third quarter worth about $36,000. Cowa LLC purchased a new position in Lockheed Martin during the third quarter worth about $39,000. Heritage Wealth Management LLC purchased a new position in Lockheed Martin during the second quarter worth about $42,000. Finally, Paragon Wealth Strategies LLC purchased a new position in Lockheed Martin during the third quarter worth about $44,000. 75.18% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Timothy S. Cahill sold 2,534 shares of the company’s stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of $479.44, for a total value of $1,214,900.96. Following the sale, the executive vice president now owns 10,460 shares in the company, valued at approximately $5,014,942.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Lockheed Martin news, Director John Donovan bought 556 shares of the business’s stock in a transaction on Wednesday, January 25th. The shares were acquired at an average cost of $451.20 per share, for a total transaction of $250,867.20. Following the purchase, the director now owns 2,324 shares in the company, valued at approximately $1,048,588.80. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Timothy S. Cahill sold 2,534 shares of the stock in a transaction on Monday, March 6th. The shares were sold at an average price of $479.44, for a total value of $1,214,900.96. Following the transaction, the executive vice president now directly owns 10,460 shares in the company, valued at $5,014,942.40. The disclosure for this sale can be found here. 0.17% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. DZ Bank upgraded Lockheed Martin from a “hold” rating to a “buy” rating and set a $523.00 target price for the company in a research report on Monday, January 30th. Susquehanna lifted their price target on Lockheed Martin from $510.00 to $512.00 and gave the stock a “positive” rating in a research note on Wednesday, January 25th. Credit Suisse Group raised Lockheed Martin from an “underperform” rating to an “outperform” rating and lifted their price target for the stock from $427.00 to $510.00 in a research note on Monday, February 6th. Vertical Research lowered Lockheed Martin from a “buy” rating to a “hold” rating and set a $491.00 price target for the company. in a research note on Friday, January 6th. Finally, Jefferies Financial Group boosted their target price on Lockheed Martin from $500.00 to $525.00 in a research note on Monday, December 5th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Lockheed Martin presently has an average rating of “Hold” and an average price target of $490.43.

Lockheed Martin Trading Down 1.6 %

LMT opened at $465.87 on Friday. The business has a 50 day simple moving average of $467.37 and a two-hundred day simple moving average of $457.85. The firm has a market capitalization of $118.94 billion, a price-to-earnings ratio of 21.46, a PEG ratio of 2.60 and a beta of 0.68. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.32 and a quick ratio of 1.13. Lockheed Martin Co. has a one year low of $373.67 and a one year high of $498.95.

Lockheed Martin (NYSE:LMT – Get Rating) last posted its earnings results on Tuesday, January 24th. The aerospace company reported $7.79 earnings per share for the quarter, topping analysts’ consensus estimates of $7.41 by $0.38. Lockheed Martin had a return on equity of 68.01% and a net margin of 8.69%. The firm had revenue of $18.99 billion for the quarter, compared to the consensus estimate of $18.25 billion. During the same quarter in the prior year, the business earned $7.47 EPS. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. Analysts predict that Lockheed Martin Co. will post 26.86 EPS for the current year.

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 24th. Shareholders of record on Wednesday, March 1st will be issued a dividend of $3.00 per share. The ex-dividend date is Tuesday, February 28th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.58%. Lockheed Martin’s dividend payout ratio (DPR) is 55.27%.

Lockheed Martin Company Profile

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Lockheed Martin Corp. is a global security and aerospace company, which engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services. It operates through the following business segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.