Kesler Norman & Wride LLC Sells 860 Shares of Lockheed Martin Co. (NYSE:LMT)

Kesler Norman & Wride LLC lessened its holdings in Lockheed Martin Co. (NYSE:LMT - Free Report) by 6.6% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,181 shares of the aerospace company's stock after selling 860 shares during the period. Lockheed Martin makes up approximately 1.3% of Kesler Norman & Wride LLC's portfolio, making the stock its 28th biggest holding. Kesler Norman & Wride LLC's holdings in Lockheed Martin were worth $5,919,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. RFG Bristol Wealth Advisors LLC bought a new position in Lockheed Martin in the 4th quarter valued at $888,000. Meeder Advisory Services Inc. boosted its holdings in shares of Lockheed Martin by 1.4% in the 4th quarter. Meeder Advisory Services Inc. now owns 4,994 shares of the aerospace company's stock worth $2,427,000 after buying an additional 68 shares during the last quarter. Centric Wealth Management bought a new position in Lockheed Martin during the fourth quarter valued at about $1,479,000. Headlands Technologies LLC increased its holdings in Lockheed Martin by 448.3% during the fourth quarter. Headlands Technologies LLC now owns 11,656 shares of the aerospace company's stock worth $5,664,000 after buying an additional 9,530 shares during the last quarter. Finally, Invenio Wealth Partners LLC raised its position in Lockheed Martin by 6.2% in the fourth quarter. Invenio Wealth Partners LLC now owns 414 shares of the aerospace company's stock worth $201,000 after acquiring an additional 24 shares during the period. 74.19% of the stock is owned by institutional investors.

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Analyst Ratings Changes

A number of research analysts have recently weighed in on LMT shares. Citigroup reduced 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 report on Tuesday, January 21st. Royal Bank of Canada lowered Lockheed Martin from an "outperform" rating to a "sector perform" rating and reduced their price objective for the company from $550.00 to $480.00 in a report on Thursday, March 27th. Barclays decreased their target price on 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. UBS Group dropped their price target on Lockheed Martin from $527.00 to $508.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 29th. Finally, StockNews.com lowered Lockheed Martin from a "buy" rating to a "hold" rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, Lockheed Martin has a consensus rating of "Hold" and a consensus price target of $539.53.

Lockheed Martin Price Performance

NYSE:LMT traded down $22.06 during mid-day trading on Friday, hitting $432.72. 2,391,049 shares of the stock traded hands, compared to its average volume of 1,220,992. Lockheed Martin Co. has a 12-month low of $419.70 and a 12-month high of $618.95. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10. The company has a market cap of $101.50 billion, a PE ratio of 19.44, a price-to-earnings-growth ratio of 2.07 and a beta of 0.39. The business's 50-day moving average price is $451.38 and its 200 day moving average price is $506.03.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, beating 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 expect that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 3rd were issued a $3.30 dividend. The ex-dividend date was Monday, March 3rd. This represents a $13.20 annualized dividend and a dividend yield of 3.05%. Lockheed Martin's payout ratio is currently 59.30%.

Insider Activity

In other Lockheed Martin news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the firm's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $442.42, for a total transaction of $1,421,495.46. Following the sale, 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 SEC, which is available at this hyperlink. Also, VP Harry Edward Paul III sold 707 shares of the company's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $442.61, for a total value of $312,925.27. Following the completion of the transaction, the vice president now owns 2,278 shares of the company's stock, 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. In the last 90 days, insiders sold 7,133 shares of company stock worth $3,155,916. 0.17% of the stock is currently owned by insiders.

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.