Lockheed Martin Co. (NYSE:LMT) Shares Sold by Martin Capital Partners LLC

Martin Capital Partners LLC cut its stake in Lockheed Martin Co. (NYSE:LMT) by 77.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,002 shares of the aerospace company’s stock after selling 7,043 shares during the period. Martin Capital Partners LLC’s holdings in Lockheed Martin were worth $973,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Money Concepts Capital Corp boosted its holdings in shares of Lockheed Martin by 1.1% in the 4th quarter. Money Concepts Capital Corp now owns 7,658 shares of the aerospace company’s stock valued at $3,721,000 after purchasing an additional 85 shares during the last quarter. Confluence Wealth Services Inc. raised its position in shares of Lockheed Martin by 174.0% in the 4th quarter. Confluence Wealth Services Inc. now owns 3,176 shares of the aerospace company’s stock worth $1,579,000 after buying an additional 2,017 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in Lockheed Martin by 45.9% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 175,878 shares of the aerospace company’s stock valued at $85,988,000 after acquiring an additional 55,365 shares during the period. Jericho Financial LLP purchased a new stake in Lockheed Martin during the fourth quarter valued at about $203,000. Finally, Hager Investment Management Services LLC acquired a new stake in Lockheed Martin during the fourth quarter worth about $947,000. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Lockheed Martin Stock Down 0.3 %

Shares of Lockheed Martin stock opened at $454.00 on Wednesday. Lockheed Martin Co. has a 1-year low of $413.92 and a 1-year high of $618.95. The company has a market capitalization of $106.87 billion, a P/E ratio of 20.40, a PEG ratio of 2.96 and a beta of 0.48. The business’s fifty day moving average price is $489.62 and its two-hundred day moving average price is $537.03. 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 (NYSE:LMT) last announced its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) 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%. As a group, research analysts forecast that Lockheed Martin Co. will post 27.29 EPS for the current year.

Lockheed Martin Announces Dividend

The company 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 $3.30 dividend. The ex-dividend date is Monday, March 3rd. This represents a $13.20 annualized dividend and a dividend yield of 2.91%. Lockheed Martin’s dividend payout ratio (DPR) is 59.30%.

Analyst Upgrades and Downgrades

LMT has been the subject of a number of research analyst reports. Wells Fargo & Company dropped their target price on shares of Lockheed Martin from $500.00 to $497.00 and set an “equal weight” rating for the company in a research report on Thursday, January 30th. Deutsche Bank Aktiengesellschaft lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $611.00 to $523.00 in a research report on Thursday, January 2nd. UBS Group decreased their price target on shares of Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating for the company in a research report on Wednesday, January 29th. Barclays cut their price objective on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a research report on Monday, January 6th. Finally, Citigroup lowered their target price on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a research note on Tuesday, January 21st. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $555.60.

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.