Lockheed Martin Co. (NYSE:LMT) Stake Lowered by Paradigm Asset Management Co. LLC

Paradigm Asset Management Co. LLC trimmed its position in shares of Lockheed Martin Co. (NYSE:LMT) by 59.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,100 shares of the aerospace company’s stock after selling 1,600 shares during the period. Paradigm Asset Management Co. LLC’s holdings in Lockheed Martin were worth $535,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. McAdam LLC lifted its holdings in shares of Lockheed Martin by 101.7% during the 3rd quarter. McAdam LLC now owns 1,178 shares of the aerospace company’s stock valued at $689,000 after buying an additional 594 shares during the last quarter. YHB Investment Advisors Inc. raised its position in Lockheed Martin by 28.0% during the third quarter. YHB Investment Advisors Inc. now owns 685 shares of the aerospace company’s stock valued at $400,000 after acquiring an additional 150 shares in the last quarter. Romano Brothers AND Company lifted its stake in Lockheed Martin by 6.6% in the third quarter. Romano Brothers AND Company now owns 595 shares of the aerospace company’s stock valued at $348,000 after acquiring an additional 37 shares during the last quarter. DT Investment Partners LLC grew its position in Lockheed Martin by 2.5% in the third quarter. DT Investment Partners LLC now owns 968 shares of the aerospace company’s stock worth $566,000 after acquiring an additional 24 shares in the last quarter. Finally, Investment Research & Advisory Group Inc. increased its stake in shares of Lockheed Martin by 2.2% during the 3rd quarter. Investment Research & Advisory Group Inc. now owns 5,146 shares of the aerospace company’s stock worth $3,008,000 after purchasing an additional 113 shares during the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on LMT. Barclays reduced their price objective on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a research note on Monday, January 6th. Morgan Stanley decreased their price target on Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 29th. JPMorgan Chase & Co. lowered their price objective 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 target price 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, Deutsche Bank Aktiengesellschaft downgraded Lockheed Martin from a “buy” rating to a “hold” rating and lowered their price target for the company from $611.00 to $523.00 in a report on Thursday, January 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $555.60.

Lockheed Martin Price Performance

NYSE:LMT opened at $441.20 on Friday. 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 one year low of $419.70 and a one year high of $618.95. The company has a fifty day moving average price of $469.94 and a 200 day moving average price of $528.97. The stock has a market cap of $103.86 billion, a P/E ratio of 19.82, a PEG ratio of 2.05 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 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%. Analysts anticipate that Lockheed Martin Co. will post 27.15 earnings per share for the current year.

Lockheed Martin Announces Dividend

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 given a $3.30 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $13.20 annualized dividend and a yield of 2.99%. Lockheed Martin’s dividend payout ratio (DPR) is currently 59.30%.

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.