LSV Asset Management Cuts Position in Lockheed Martin Co. (NYSE:LMT)

LSV Asset Management trimmed its stake in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 3.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 469,954 shares of the aerospace company's stock after selling 17,378 shares during the quarter. LSV Asset Management owned about 0.20% of Lockheed Martin worth $228,369,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of LMT. Colonial Trust Advisors increased its stake in Lockheed Martin by 0.7% in the 4th quarter. Colonial Trust Advisors now owns 17,223 shares of the aerospace company's stock valued at $8,370,000 after buying an additional 127 shares during the period. F M Investments LLC boosted its holdings in shares of Lockheed Martin by 33.6% in the fourth quarter. F M Investments LLC now owns 11,700 shares of the aerospace company's stock valued at $5,685,000 after acquiring an additional 2,941 shares in the last quarter. Evexia Wealth LLC increased its stake in shares of Lockheed Martin by 1.2% during the fourth quarter. Evexia Wealth LLC now owns 11,026 shares of the aerospace company's stock worth $4,900,000 after acquiring an additional 135 shares during the period. Bessemer Group Inc. raised its holdings in Lockheed Martin by 8.9% during the fourth quarter. Bessemer Group Inc. now owns 17,369 shares of the aerospace company's stock worth $8,440,000 after purchasing an additional 1,423 shares in the last quarter. Finally, CenterBook Partners LP lifted its position in Lockheed Martin by 97.4% in the fourth quarter. CenterBook Partners LP now owns 3,217 shares of the aerospace company's stock valued at $1,563,000 after purchasing an additional 1,587 shares during the period. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on LMT shares. Bank of America downgraded Lockheed Martin from a "buy" rating to a "neutral" rating and cut their target price for the stock from $685.00 to $485.00 in a research note on Monday, March 24th. Morgan Stanley cut their price objective on Lockheed Martin from $555.00 to $525.00 and set an "equal weight" rating for the company in a research report on Wednesday, January 29th. Barclays reduced their target price on Lockheed Martin from $565.00 to $515.00 and set an "equal weight" rating for the company in a report on Monday, January 6th. Wells Fargo & Company lowered their price target on shares of Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Lockheed Martin from $540.00 to $535.00 and set an "overweight" rating for the company in a research note on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Lockheed Martin has an average rating of "Hold" and an average price target of $536.60.

Lockheed Martin Price Performance

Shares of Lockheed Martin stock traded up $11.41 during trading on Friday, hitting $475.11. 1,451,768 shares of the company were exchanged, compared to its average volume of 1,239,680. The firm has a 50 day moving average price of $450.03 and a 200 day moving average price of $500.71. The stock has a market capitalization of $111.45 billion, a price-to-earnings ratio of 21.34, a P/E/G ratio of 2.07 and a beta of 0.39. 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 fifty-two week low of $418.88 and a fifty-two week high of $618.95.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its earnings results 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 net margin of 7.51% and a return on equity of 101.47%. On average, equities analysts expect 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 was paid on Friday, March 28th. Investors of record on Monday, March 3rd were paid a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a dividend yield of 2.78%. The ex-dividend date was Monday, March 3rd. Lockheed Martin's payout ratio is 59.30%.

Insiders Place Their Bets

In related 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 transaction of $1,421,495.46. Following the transaction, the insider now directly owns 2,000 shares in the company, valued at approximately $884,840. This represents a 61.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Harry Edward Paul III sold 707 shares of the business'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 completion of the sale, the vice president now owns 2,278 shares of the company's stock, valued at approximately $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 three months, insiders sold 7,133 shares of company stock valued at $3,155,916. Company insiders own 0.17% 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.