Investment Management Associates Inc. ADV Reduces Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

Investment Management Associates Inc. ADV lessened its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 4.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,760 shares of the aerospace company’s stock after selling 122 shares during the quarter. Lockheed Martin comprises about 0.6% of Investment Management Associates Inc. ADV’s holdings, making the stock its 18th biggest holding. Investment Management Associates Inc. ADV’s holdings in Lockheed Martin were worth $1,341,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of LMT. Itau Unibanco Holding S.A. purchased a new stake in Lockheed Martin in the third quarter valued at $26,000. Capital Performance Advisors LLP acquired a new position in Lockheed Martin in the 3rd quarter valued at about $40,000. Heck Capital Advisors LLC purchased a new stake in shares of Lockheed Martin during the fourth quarter worth approximately $35,000. Legacy Investment Solutions LLC purchased a new position in Lockheed Martin during the 3rd quarter worth $42,000. Finally, Vestor Capital LLC acquired a new position in shares of Lockheed Martin during the third quarter worth about $46,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. StockNews.com lowered Lockheed Martin from a “buy” rating to a “hold” rating in a report on Friday, January 31st. Barclays reduced their price target on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a research report on Monday, January 6th. JPMorgan Chase & Co. lowered their price target on Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Susquehanna reduced their price objective on Lockheed Martin from $590.00 to $550.00 and set a “positive” rating for the company in a report on Wednesday, January 29th. Finally, Citigroup lowered their target price on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Lockheed Martin has a consensus rating of “Moderate Buy” and a consensus price target of $555.60.

Lockheed Martin Trading Up 0.8 %

NYSE LMT opened at $436.47 on Friday. The company has a 50-day moving average of $471.01 and a 200-day moving average of $529.69. 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 12 month low of $419.70 and a 12 month high of $618.95. The company has a market cap of $102.74 billion, a P/E ratio of 19.61, a P/E/G ratio of 2.05 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, topping the consensus estimate 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, equities analysts predict that Lockheed Martin Co. will post 27.15 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be issued a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date of this dividend is Monday, March 3rd. Lockheed Martin’s payout ratio is currently 59.30%.

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.