AXQ Capital LP Sells 799 Shares of Lockheed Martin Co. (NYSE:LMT)

AXQ Capital LP reduced its position in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 21.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,928 shares of the aerospace company's stock after selling 799 shares during the period. Lockheed Martin comprises about 0.6% of AXQ Capital LP's investment portfolio, making the stock its 22nd biggest position. AXQ Capital LP's holdings in Lockheed Martin were worth $1,423,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vinva Investment Management Ltd boosted its holdings 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 in the last quarter. Widmann Financial Services Inc. raised its position in Lockheed Martin by 2.1% in the third quarter. Widmann Financial Services Inc. now owns 968 shares of the aerospace company's stock valued at $566,000 after purchasing an additional 20 shares during the last quarter. CFS Investment Advisory Services LLC boosted its stake in shares of Lockheed Martin by 2.0% during the fourth quarter. CFS Investment Advisory Services LLC now owns 1,091 shares of the aerospace company's stock valued at $530,000 after purchasing an additional 21 shares in the last quarter. Crewe Advisors LLC grew its holdings in shares of Lockheed Martin by 4.5% during the third quarter. Crewe Advisors LLC now owns 515 shares of the aerospace company's stock worth $301,000 after purchasing an additional 22 shares during the last quarter. Finally, Wynn Capital LLC raised its holdings in Lockheed Martin by 1.0% in the 4th quarter. Wynn Capital LLC now owns 2,185 shares of the aerospace company's stock valued at $1,062,000 after buying an additional 22 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Insider Buying and Selling at Lockheed Martin

In other news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of Lockheed Martin stock in a transaction dated Wednesday, February 26th. The shares were 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. This trade represents a 61.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 transaction of $312,925.27. Following 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 ninety days, insiders sold 7,133 shares of company stock valued at $3,155,916. Company insiders own 0.17% of the company's stock.

Analyst Upgrades and Downgrades

LMT has been the subject of several recent research reports. Bank of America cut shares of Lockheed Martin from a "buy" rating to a "neutral" rating and decreased their price target for the company from $685.00 to $485.00 in a research report on Monday. Royal Bank of Canada reduced their price objective on shares of Lockheed Martin from $570.00 to $550.00 and set an "outperform" rating on the stock in a research note on Wednesday, January 29th. Wells Fargo & Company reissued an "equal weight" rating on shares of Lockheed Martin in a research report on Monday, March 10th. Citigroup dropped their target price on shares of Lockheed Martin from $700.00 to $600.00 and set a "buy" rating on the stock in a research report on Tuesday, January 21st. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Lockheed Martin from a "buy" rating to a "hold" rating and decreased their price target for the company from $611.00 to $523.00 in a research note on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, eight have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $544.20.

Lockheed Martin Stock Down 1.5 %

Lockheed Martin stock traded down $6.72 during trading on Monday, hitting $432.98. 1,616,043 shares of the company were exchanged, compared to its average volume of 1,649,730. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10. The business's 50 day moving average is $460.94 and its 200 day moving average is $514.45. Lockheed Martin Co. has a 52 week low of $419.70 and a 52 week high of $618.95. The company has a market capitalization of $101.92 billion, a P/E ratio of 19.45, a PEG ratio of 2.07 and a beta of 0.43.

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 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%. Analysts predict that Lockheed Martin Co. will post 27.15 earnings per share for the current year.

Lockheed Martin Dividend Announcement

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 3.05%. The ex-dividend date of this dividend is Monday, March 3rd. Lockheed Martin's dividend payout ratio is currently 59.30%.

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.