Tucker Asset Management LLC Sells 98 Shares of Lockheed Martin Co. (NYSE:LMT)

Tucker Asset Management LLC cut its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 21.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 353 shares of the aerospace company’s stock after selling 98 shares during the period. Tucker Asset Management LLC’s holdings in Lockheed Martin were worth $172,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Fisher Asset Management LLC increased its holdings in Lockheed Martin by 0.9% during the 3rd quarter. Fisher Asset Management LLC now owns 6,742 shares of the aerospace company’s stock worth $3,941,000 after purchasing an additional 61 shares in the last quarter. Freedom Investment Management Inc. boosted its position in Lockheed Martin by 16.7% during the 3rd quarter. Freedom Investment Management Inc. now owns 754 shares of the aerospace company’s stock worth $441,000 after acquiring an additional 108 shares during the last quarter. Fiduciary Trust Co grew its stake in shares of Lockheed Martin by 2.0% during the 3rd quarter. Fiduciary Trust Co now owns 11,781 shares of the aerospace company’s stock worth $6,887,000 after acquiring an additional 229 shares in the last quarter. Vinva Investment Management Ltd raised its holdings in shares of Lockheed Martin by 3.0% in the third quarter. Vinva Investment Management Ltd now owns 656 shares of the aerospace company’s stock valued at $382,000 after purchasing an additional 19 shares during the last quarter. Finally, Carl P. Sherr & Co. LLC lifted its position in shares of Lockheed Martin by 113.7% in the third quarter. Carl P. Sherr & Co. LLC now owns 1,423 shares of the aerospace company’s stock worth $832,000 after purchasing an additional 757 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, VP Harry Edward Paul III sold 707 shares of the company’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $442.61, for a total transaction of $312,925.27. Following the completion of the sale, the vice president now directly owns 2,278 shares in the company, valued at approximately $1,008,265.58. This represents a 23.69 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the firm’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $442.42, for a total value of $1,421,495.46. Following the completion of the transaction, the insider now owns 2,000 shares in the company, valued at $884,840. The trade was a 61.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,133 shares of company stock worth $3,155,916 in the last quarter. 0.17% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on LMT shares. Royal Bank of Canada lowered shares of Lockheed Martin from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from $550.00 to $480.00 in a research note on Thursday. UBS Group dropped their target price on Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating on the stock in a report on Wednesday, January 29th. StockNews.com upgraded Lockheed Martin from a “hold” rating to a “buy” rating in a research note on Monday, March 24th. Wells Fargo & Company reiterated an “equal weight” rating on shares of Lockheed Martin in a research note on Monday, March 10th. Finally, JPMorgan Chase & Co. cut their price objective on Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $539.53.

Lockheed Martin Trading Down 0.2 %

Shares of NYSE:LMT opened at $441.41 on Friday. Lockheed Martin Co. has a 12-month low of $419.70 and a 12-month high of $618.95. The business has a 50 day moving average of $456.49 and a 200-day moving average of $510.73. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10. The stock has a market cap of $103.90 billion, a PE ratio of 19.83, a P/E/G ratio of 2.07 and a beta of 0.43.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. As a group, equities research analysts forecast that Lockheed Martin Co. will post 27.15 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 3rd were given a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date of this dividend was Monday, March 3rd. Lockheed Martin’s dividend payout ratio is 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.