Anchor Capital Advisors LLC Sells 803 Shares of Lockheed Martin Co. (NYSE:LMT)

Anchor Capital Advisors LLC lessened its holdings in Lockheed Martin Co. (NYSE:LMT - Free Report) by 2.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 26,509 shares of the aerospace company's stock after selling 803 shares during the quarter. Anchor Capital Advisors LLC's holdings in Lockheed Martin were worth $12,882,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Lmcg Investments LLC increased its holdings in shares of Lockheed Martin by 3.0% during the third quarter. Lmcg Investments LLC now owns 651 shares of the aerospace company's stock worth $381,000 after purchasing an additional 19 shares during the period. Klingman & Associates LLC grew its position in Lockheed Martin by 1.1% during the third quarter. Klingman & Associates LLC now owns 1,729 shares of the aerospace company's stock worth $1,011,000 after buying an additional 19 shares in the last quarter. Platform Technology Partners increased its stake in Lockheed Martin by 0.5% during the 3rd quarter. Platform Technology Partners now owns 4,122 shares of the aerospace company's stock worth $2,409,000 after acquiring an additional 19 shares during the period. Assetmark Inc. raised its holdings in Lockheed Martin by 1.3% in the 3rd quarter. Assetmark Inc. now owns 1,470 shares of the aerospace company's stock valued at $859,000 after acquiring an additional 19 shares in the last quarter. Finally, Vinva Investment Management Ltd lifted its position in shares of Lockheed Martin by 3.0% during the 3rd quarter. Vinva Investment Management Ltd now owns 656 shares of the aerospace company's stock valued at $382,000 after acquiring an additional 19 shares during the period. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on LMT shares. Wells Fargo & Company decreased their price target on Lockheed Martin from $497.00 to $468.00 and set an "equal weight" rating on the stock in a research report on Wednesday. Barclays dropped their target price 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. Citigroup cut their price target on shares of Lockheed Martin from $700.00 to $600.00 and set a "buy" rating for the company in a report on Tuesday, January 21st. JPMorgan Chase & Co. decreased their price objective on shares of Lockheed Martin from $540.00 to $535.00 and set an "overweight" rating on the stock in a research note on Thursday, January 30th. Finally, Morgan Stanley cut their target price 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. One analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $553.67.

Lockheed Martin Price Performance

Shares of NYSE LMT traded up $3.73 during mid-day trading on Friday, hitting $450.19. 1,432,091 shares of the stock traded hands, compared to its average volume of 1,574,859. Lockheed Martin Co. has a twelve month low of $419.70 and a twelve month high of $618.95. The firm has a 50 day simple moving average of $465.79 and a two-hundred day simple moving average of $524.83. 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 has a market cap of $105.97 billion, a PE ratio of 20.22, a price-to-earnings-growth ratio of 2.07 and a beta of 0.48.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, topping 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 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be paid a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a dividend yield of 2.93%. The ex-dividend date is Monday, March 3rd. Lockheed Martin's payout ratio is currently 59.30%.

Insider Transactions at Lockheed Martin

In related news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of Lockheed Martin stock in a transaction that occurred 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 transaction, the insider now directly owns 2,000 shares of the company's stock, valued at $884,840. The trade was a 61.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Harry Edward Paul III sold 707 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $442.61, for a total value of $312,925.27. Following the completion of the sale, the vice president now owns 2,278 shares in the company, valued at $1,008,265.58. The trade was a 23.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,133 shares of company stock worth $3,155,916. Company insiders own 0.17% 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.