Lockheed Martin Co. (NYSE:LMT) Shares Sold by Berkshire Asset Management LLC PA

Berkshire Asset Management LLC PA reduced its stake in Lockheed Martin Co. (NYSE:LMT - Free Report) by 4.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 86,647 shares of the aerospace company's stock after selling 4,302 shares during the period. Lockheed Martin accounts for 2.0% of Berkshire Asset Management LLC PA's holdings, making the stock its 14th biggest holding. Berkshire Asset Management LLC PA's holdings in Lockheed Martin were worth $43,060,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Assetmark Inc. increased its stake in shares of Lockheed Martin by 1.3% in the 3rd quarter. Assetmark Inc. now owns 1,470 shares of the aerospace company's stock worth $859,000 after purchasing an additional 19 shares in the last quarter. Klingman & Associates LLC increased its stake in Lockheed Martin by 1.1% in the 3rd 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% in the 3rd quarter. Platform Technology Partners now owns 4,122 shares of the aerospace company's stock worth $2,409,000 after buying an additional 19 shares in the last quarter. Vinva Investment Management Ltd increased its stake in Lockheed Martin by 3.0% in the 3rd quarter. Vinva Investment Management Ltd now owns 656 shares of the aerospace company's stock worth $382,000 after buying an additional 19 shares in the last quarter. Finally, Sittner & Nelson LLC increased its stake in Lockheed Martin by 4.5% in the 3rd quarter. Sittner & Nelson LLC now owns 467 shares of the aerospace company's stock worth $273,000 after buying an additional 20 shares in the last quarter. 74.19% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on LMT shares. Royal Bank of Canada cut their price target on Lockheed Martin from $570.00 to $550.00 and set an "outperform" rating for the company in a research note on Wednesday, January 29th. Morgan Stanley dropped their price objective on shares of Lockheed Martin from $555.00 to $525.00 and set an "equal weight" rating for the company in a report on Wednesday, January 29th. StockNews.com downgraded shares of Lockheed Martin from a "buy" rating to a "hold" rating in a report on Friday, January 31st. Barclays dropped 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 report on Monday, January 6th. Finally, Wells Fargo & Company increased their price objective on shares of Lockheed Martin from $468.00 to $476.00 and gave the company an "equal weight" rating in a report on Friday. One research analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $554.20.

Lockheed Martin Trading Up 2.8 %

Lockheed Martin stock traded up $12.81 during midday trading on Friday, reaching $474.31. The stock had a trading volume of 2,168,686 shares, compared to its average volume of 1,114,230. 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. The firm has a market cap of $111.65 billion, a price-to-earnings ratio of 21.31, a price-to-earnings-growth ratio of 2.07 and a beta of 0.43. The company has a fifty day moving average of $462.89 and a 200 day moving average of $521.59.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, topping 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, analysts anticipate that Lockheed Martin Co. will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The business 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 dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date of this dividend is Monday, March 3rd. Lockheed Martin's dividend payout ratio (DPR) is presently 59.30%.

Insider Transactions at Lockheed Martin

In other news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the firm's 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 transaction, the insider now directly owns 2,000 shares of the company's stock, valued at approximately $884,840. This trade represents a 61.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Harry Edward Paul III sold 707 shares of the firm's stock in a transaction that occurred 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 transaction, the vice president now directly owns 2,278 shares in the company, valued at approximately $1,008,265.58. This trade represents a 23.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,133 shares of company stock valued at $3,155,916. 0.17% of the stock is currently owned by company insiders.

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.