GS Investments Inc. Sells 853 Shares of Lockheed Martin Co. (NYSE:LMT)

GS Investments Inc. lowered its stake in Lockheed Martin Co. (NYSE:LMT - Free Report) by 10.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,523 shares of the aerospace company's stock after selling 853 shares during the quarter. Lockheed Martin comprises approximately 1.7% of GS Investments Inc.'s holdings, making the stock its 24th largest holding. GS Investments Inc.'s holdings in Lockheed Martin were worth $3,656,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LMT. Itau Unibanco Holding S.A. bought a new position in shares of Lockheed Martin during the third quarter worth about $26,000. Heck Capital Advisors LLC acquired a new stake in shares of Lockheed Martin in the fourth quarter valued at approximately $35,000. Legacy Investment Solutions LLC bought a new position in shares of Lockheed Martin during the 3rd quarter worth approximately $42,000. Sugar Maple Asset Management LLC acquired a new position in shares of Lockheed Martin during the 4th quarter worth approximately $47,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in shares of Lockheed Martin during the 4th quarter worth approximately $52,000. Institutional investors own 74.19% of the company's stock.

Insider Activity at Lockheed Martin

In other Lockheed Martin news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the stock in a transaction dated 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 owns 2,000 shares of the company's stock, valued at approximately $884,840. This represents a 61.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 completion of the transaction, the vice president now directly owns 2,278 shares in the company, valued at approximately $1,008,265.58. The trade was a 23.69 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,133 shares of company stock valued at $3,155,916. 0.14% of the stock is owned by insiders.

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Lockheed Martin Stock Down 5.7 %

NYSE LMT traded down $26.48 during trading hours on Friday, reaching $440.26. 7,138,165 shares of the company's stock traded hands, compared to its average volume of 1,130,739. The firm has a market cap of $103.63 billion, a PE 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. Lockheed Martin Co. has a 52-week low of $419.70 and a 52-week high of $618.95. The firm has a 50-day simple moving average of $460.94 and a 200 day simple moving average of $514.87.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, topping analysts' consensus estimates of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. Sell-side analysts anticipate that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be paid a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date is Monday, March 3rd. Lockheed Martin's payout ratio is 59.30%.

Wall Street Analyst Weigh In

LMT has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. decreased their price target on Lockheed Martin from $540.00 to $535.00 and set an "overweight" rating on the stock in a research report on Thursday, January 30th. StockNews.com lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating in a report on Friday, January 31st. Royal Bank of Canada lowered their price objective 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. Wells Fargo & Company restated an "equal weight" rating on shares of Lockheed Martin in a research note on Monday, March 10th. Finally, Morgan Stanley lowered their target price on 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. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $554.20.

Lockheed Martin Company 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.