Lockheed Martin Co. (NYSE:LMT) Shares Sold by AXQ Capital LP

AXQ Capital LP cut its stake in Lockheed Martin Co. (NYSE:LMT) by 21.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,928 shares of the aerospace company’s stock after selling 799 shares during the period. Lockheed Martin makes up 0.6% of AXQ Capital LP’s investment portfolio, making the stock its 22nd largest position. AXQ Capital LP’s holdings in Lockheed Martin were worth $1,423,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Itau Unibanco Holding S.A. acquired a new stake in shares of Lockheed Martin in the third quarter worth approximately $26,000. Millstone Evans Group LLC acquired a new stake in shares of Lockheed Martin in the fourth quarter worth approximately $32,000. Heck Capital Advisors LLC acquired a new position in Lockheed Martin during the fourth quarter valued at approximately $35,000. Legacy Investment Solutions LLC acquired a new position in Lockheed Martin during the third quarter valued at approximately $42,000. Finally, Runnymede Capital Advisors Inc. acquired a new position in Lockheed Martin during the fourth quarter valued at approximately $42,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Stock Performance

Shares of LMT opened at $440.26 on Friday. The firm has a 50-day moving average price of $460.94 and a 200 day moving average price of $515.23. The firm has a market capitalization of $103.63 billion, a PE ratio of 19.78, a P/E/G ratio of 2.07 and a beta of 0.43. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10. Lockheed Martin Co. has a 52-week low of $419.70 and a 52-week high of $618.95.

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%. On average, sell-side analysts anticipate that Lockheed Martin Co. will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be given a dividend of $3.30 per share. The ex-dividend date is Monday, March 3rd. This represents a $13.20 annualized dividend and a dividend yield of 3.00%. Lockheed Martin’s dividend payout ratio (DPR) is 59.30%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on LMT shares. Barclays dropped their price objective on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a research note on Monday, January 6th. StockNews.com lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Friday, January 31st. Morgan Stanley dropped their price objective on shares of Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 29th. JPMorgan Chase & Co. dropped their price target on shares of Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. Finally, Wells Fargo & Company restated an “equal weight” rating on shares of Lockheed Martin in a research note on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Lockheed Martin has an average rating of “Moderate Buy” and an average price target of $554.20.

Insider Activity

In other news, VP Harry Edward Paul III sold 707 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $442.61, for a total transaction of $312,925.27. Following the completion of the transaction, the vice president now owns 2,278 shares in the company, valued at approximately $1,008,265.58. This trade represents a 23.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $442.42, for a total transaction of $1,421,495.46. Following the transaction, the insider now owns 2,000 shares of the company’s stock, valued at approximately $884,840. This trade represents a 61.63 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,133 shares of company stock worth $3,155,916. Corporate insiders own 0.14% of the company’s stock.

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.