Calamos Advisors LLC Cuts Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

Calamos Advisors LLC reduced its position in shares of Lockheed Martin Co. (NYSE:LMT) by 1.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,006 shares of the aerospace company’s stock after selling 509 shares during the period. Calamos Advisors LLC’s holdings in Lockheed Martin were worth $17,679,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC grew its position in Lockheed Martin by 81,305.4% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 1,907,328 shares of the aerospace company’s stock worth $927,896,000 after buying an additional 1,904,985 shares during the period. International Assets Investment Management LLC grew its position in shares of Lockheed Martin by 10,526.6% in the fourth quarter. International Assets Investment Management LLC now owns 1,362,228 shares of the aerospace company’s stock valued at $617,416,000 after purchasing an additional 1,349,409 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of Lockheed Martin by 586.8% in the first quarter. Renaissance Technologies LLC now owns 369,500 shares of the aerospace company’s stock valued at $163,097,000 after purchasing an additional 315,700 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Lockheed Martin by 1.3% in the third quarter. Vanguard Group Inc. now owns 22,302,719 shares of the aerospace company’s stock valued at $9,120,920,000 after purchasing an additional 279,162 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Lockheed Martin by 5.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 5,256,069 shares of the aerospace company’s stock valued at $2,320,030,000 after purchasing an additional 264,665 shares during the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Royal Bank of Canada lowered their price target on shares of Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 24th. Susquehanna lowered their price target on shares of Lockheed Martin from $550.00 to $540.00 and set a “positive” rating on the stock in a research report on Wednesday, January 24th. JPMorgan Chase & Co. upgraded shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $475.00 to $518.00 in a research report on Monday. Morgan Stanley decreased their target price on shares of Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 24th. Finally, UBS Group decreased their target price on shares of Lockheed Martin from $488.00 to $475.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 24th. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Lockheed Martin has an average rating of “Hold” and an average target price of $493.36.

Lockheed Martin Trading Up 1.1 %

NYSE:LMT traded up $5.11 during trading hours on Friday, reaching $461.20. 178,535 shares of the company were exchanged, compared to its average volume of 1,143,949. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.21 and a quick ratio of 1.03. The firm has a market cap of $110.91 billion, a price-to-earnings ratio of 16.55, a PEG ratio of 4.16 and a beta of 0.48. Lockheed Martin Co. has a 52-week low of $393.77 and a 52-week high of $495.83. The stock has a 50 day simple moving average of $439.25 and a 200 day simple moving average of $442.21.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, January 23rd. The aerospace company reported $7.90 EPS for the quarter, beating analysts’ consensus estimates of $7.26 by $0.64. Lockheed Martin had a net margin of 10.24% and a return on equity of 79.91%. The business had revenue of $18.87 billion for the quarter, compared to the consensus estimate of $17.96 billion. During the same quarter last year, the firm posted $7.79 EPS. The business’s revenue for the quarter was down .6% compared to the same quarter last year. As a group, analysts predict that Lockheed Martin Co. will post 26.13 EPS for the current year.

Lockheed Martin Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 1st were paid a $3.15 dividend. This represents a $12.60 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date was Thursday, February 29th. Lockheed Martin’s dividend payout ratio is presently 45.74%.

Insider Activity

In other news, COO John Frank A. St sold 6,648 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $425.35, for a total value of $2,827,726.80. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, COO John Frank A. St sold 6,648 shares of Lockheed Martin stock in a transaction on Friday, March 1st. The shares were sold at an average price of $425.35, for a total transaction of $2,827,726.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Maryanne Lavan sold 4,022 shares of Lockheed Martin stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total transaction of $1,747,116.58. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,874 shares of company stock valued at $7,249,946. Company insiders own 0.17% of the company’s stock.

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.