Harry Edward Paul III Sells 707 Shares of Lockheed Martin Co. (NYSE:LMT) Stock

Lockheed Martin Co. (NYSE:LMT - Get Free Report) VP Harry Edward Paul III sold 707 shares of the 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 transaction, the vice president now owns 2,278 shares in the company, valued at approximately $1,008,265.58. This trade represents a 23.69 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Lockheed Martin Stock Performance

Shares of NYSE LMT traded up $2.63 during midday trading on Monday, hitting $449.70. 236,429 shares of the company's stock were exchanged, compared to its average volume of 1,539,782. The company's 50 day moving average price is $465.79 and its 200 day moving average price is $524.83. Lockheed Martin Co. has a 12 month low of $419.70 and a 12 month high of $618.95. The firm has a market capitalization of $105.85 billion, a PE ratio of 20.20, a price-to-earnings-growth ratio of 2.07 and a beta of 0.48. 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 (NYSE:LMT - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share 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, analysts predict that Lockheed Martin Co. will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be paid a dividend of $3.30 per share. The ex-dividend date is Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a yield of 2.94%. Lockheed Martin's payout ratio is 59.30%.

Wall Street Analyst Weigh In

LMT has been the subject of a number of recent analyst reports. StockNews.com cut Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Friday, January 31st. Citigroup cut their target price on shares of Lockheed Martin from $700.00 to $600.00 and set a "buy" rating for the company in a research note on Tuesday, January 21st. Royal Bank of Canada decreased their price target on shares of Lockheed Martin from $570.00 to $550.00 and set an "outperform" rating on the stock in a research report on Wednesday, January 29th. Wells Fargo & Company decreased their target price on shares of Lockheed Martin from $497.00 to $468.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 26th. Finally, Susquehanna cut their price target 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 equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $553.67.

Institutional Trading of Lockheed Martin

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Itau Unibanco Holding S.A. bought a new stake in shares of Lockheed Martin during the 3rd quarter worth $26,000. Millstone Evans Group LLC acquired a new position in shares of Lockheed Martin in the 4th quarter worth approximately $32,000. Mizuho Securities Co. Ltd. acquired a new stake in shares of Lockheed Martin during the fourth quarter worth $34,000. Heck Capital Advisors LLC bought a new position in Lockheed Martin during the fourth quarter worth $35,000. Finally, Capital Performance Advisors LLP bought a new stake in Lockheed Martin during the third quarter valued at $40,000. Institutional investors own 74.19% of the company's stock.

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.