Blueprint Investment Partners LLC Cuts Position in Lockheed Martin Co. (NYSE:LMT)

Blueprint Investment Partners LLC reduced its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 43.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 512 shares of the aerospace company’s stock after selling 386 shares during the quarter. Blueprint Investment Partners LLC’s holdings in Lockheed Martin were worth $249,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in LMT. Mosley Wealth Management boosted its position in shares of Lockheed Martin by 12.1% in the fourth quarter. Mosley Wealth Management now owns 528 shares of the aerospace company’s stock worth $240,000 after buying an additional 57 shares during the period. Sfmg LLC boosted its stake in shares of Lockheed Martin by 56.1% in the fourth quarter. Sfmg LLC now owns 1,363 shares of the aerospace company’s stock valued at $662,000 after purchasing an additional 490 shares during the period. Intellus Advisors LLC acquired a new stake in Lockheed Martin during the 4th quarter valued at $1,171,000. Forefront Wealth Management Inc. purchased a new stake in shares of Lockheed Martin during the fourth quarter worth about $463,000. Finally, American Century Companies Inc. boosted its holdings in Lockheed Martin by 3.3% in the fourth quarter. American Century Companies Inc. now owns 174,126 shares of the aerospace company’s stock valued at $84,615,000 after purchasing an additional 5,548 shares during the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on LMT. Royal Bank of Canada cut their target price on Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 29th. UBS Group decreased their price target on Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating for the company in a research note on Wednesday, January 29th. Wells Fargo & Company reissued an “equal weight” rating on shares of Lockheed Martin in a report on Monday, March 10th. StockNews.com cut Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Friday, January 31st. Finally, Susquehanna lowered their target price on shares of Lockheed Martin from $590.00 to $550.00 and set a “positive” rating for the company in a research note on Wednesday, January 29th. 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 given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $554.20.

Insider Activity at Lockheed Martin

In related news, VP Harry Edward Paul III sold 707 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $442.61, for a total value of $312,925.27. Following the transaction, the vice president now owns 2,278 shares in the company, valued at approximately $1,008,265.58. This represents a 23.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of Lockheed Martin stock in a transaction that occurred on 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 completion of the sale, the insider now owns 2,000 shares of the company’s stock, valued at $884,840. This trade represents a 61.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,133 shares of company stock valued at $3,155,916. Company insiders own 0.17% of the company’s stock.

Lockheed Martin Stock Down 5.7 %

NYSE LMT opened at $440.26 on Monday. The company has a market capitalization of $103.63 billion, a P/E ratio of 19.78, a PEG ratio of 2.07 and a beta of 0.43. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95. The company’s 50 day simple moving average is $460.94 and its 200 day simple moving average is $514.45. Lockheed Martin Co. has a 12 month low of $419.70 and a 12 month high of $618.95.

Lockheed Martin (NYSE:LMT) last posted 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%. Equities research analysts expect that Lockheed Martin Co. will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders 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 dividend yield of 3.00%. Lockheed Martin’s dividend payout ratio (DPR) is presently 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.