Hillsdale Investment Management Inc. Reduces Holdings in Lockheed Martin Co. (NYSE:LMT)

Hillsdale Investment Management Inc. reduced its position in Lockheed Martin Co. (NYSE:LMT) by 40.9% in the 4th quarter, Holdings Channel reports. The firm owned 195 shares of the aerospace company’s stock after selling 135 shares during the period. Hillsdale Investment Management Inc.’s holdings in Lockheed Martin were worth $88,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the company. Prestige Wealth Management Group LLC grew its position in Lockheed Martin by 38.9% in the 4th quarter. Prestige Wealth Management Group LLC now owns 2,323 shares of the aerospace company’s stock valued at $1,053,000 after buying an additional 650 shares during the last quarter. ING Groep NV raised its holdings in Lockheed Martin by 7.4% during the fourth quarter. ING Groep NV now owns 30,229 shares of the aerospace company’s stock worth $13,701,000 after purchasing an additional 2,091 shares in the last quarter. Manchester Capital Management LLC lifted its position in Lockheed Martin by 3.0% in the fourth quarter. Manchester Capital Management LLC now owns 950 shares of the aerospace company’s stock valued at $431,000 after purchasing an additional 28 shares during the period. Sheaff Brock Investment Advisors LLC boosted its holdings in Lockheed Martin by 1.0% in the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 20,025 shares of the aerospace company’s stock valued at $9,076,000 after purchasing an additional 203 shares in the last quarter. Finally, TrinityPoint Wealth LLC increased its position in Lockheed Martin by 9.5% during the 4th quarter. TrinityPoint Wealth LLC now owns 3,948 shares of the aerospace company’s stock worth $1,789,000 after purchasing an additional 344 shares during the period. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Price Performance

NYSE:LMT opened at $469.66 on Thursday. The firm has a market cap of $112.69 billion, a price-to-earnings ratio of 17.18, a price-to-earnings-growth ratio of 4.41 and a beta of 0.46. Lockheed Martin Co. has a 12-month low of $393.77 and a 12-month high of $479.50. The company has a current ratio of 1.30, a quick ratio of 1.11 and a debt-to-equity ratio of 2.89. The company’s 50-day moving average is $456.62 and its two-hundred day moving average is $447.11.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, April 23rd. The aerospace company reported $6.33 EPS for the quarter, beating analysts’ consensus estimates of $5.80 by $0.53. Lockheed Martin had a net margin of 9.73% and a return on equity of 85.96%. The company had revenue of $17.20 billion during the quarter, compared to the consensus estimate of $16.04 billion. During the same quarter in the prior year, the company posted $6.43 EPS. The company’s quarterly revenue was up 13.7% compared to the same quarter last year. Research analysts expect that Lockheed Martin Co. will post 26.17 EPS for the current year.

Lockheed Martin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 3rd will be paid a dividend of $3.15 per share. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $12.60 annualized dividend and a dividend yield of 2.68%. Lockheed Martin’s dividend payout ratio is presently 46.10%.

Insiders Place Their Bets

In other news, insider Gregory M. Ulmer sold 6,204 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $431.19, for a total transaction of $2,675,102.76. Following the transaction, the insider now directly owns 12,604 shares of the company’s stock, valued at $5,434,718.76. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, SVP Maryanne Lavan sold 4,022 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $434.39, for a total value of $1,747,116.58. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Gregory M. Ulmer sold 6,204 shares of Lockheed Martin stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $431.19, for a total value of $2,675,102.76. Following the completion of the transaction, the insider now owns 12,604 shares of the company’s stock, valued at $5,434,718.76. The disclosure for this sale can be found here. Insiders sold a total of 16,874 shares of company stock worth $7,249,946 in the last 90 days. 0.17% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

LMT has been the subject of several recent analyst reports. Citigroup raised their price target on Lockheed Martin from $508.00 to $525.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. StockNews.com raised Lockheed Martin from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 25th. Wells Fargo & Company upped their price target on shares of Lockheed Martin from $460.00 to $480.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 25th. Royal Bank of Canada cut their price target on shares of Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating for the company in a report on Wednesday, January 24th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Lockheed Martin from $467.00 to $487.00 and gave the company a “hold” rating in a report on Thursday, April 25th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $485.40.

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.