Lockheed Martin Co. (NYSE:LMT) Shares Sold by Sompo Asset Management Co. Ltd.

Sompo Asset Management Co. Ltd. cut its holdings in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 43.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,620 shares of the aerospace company's stock after selling 1,250 shares during the period. Sompo Asset Management Co. Ltd.'s holdings in Lockheed Martin were worth $787,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Morse Asset Management Inc increased its holdings in shares of Lockheed Martin by 1.0% during the third quarter. Morse Asset Management Inc now owns 3,058 shares of the aerospace company's stock valued at $1,788,000 after acquiring an additional 31 shares in the last quarter. Tudor Financial Inc. acquired a new position in Lockheed Martin during the 3rd quarter valued at approximately $557,000. Anchor Investment Management LLC raised its holdings in shares of Lockheed Martin by 8.4% in the third quarter. Anchor Investment Management LLC now owns 4,125 shares of the aerospace company's stock worth $2,411,000 after buying an additional 320 shares during the last quarter. Fulcrum Equity Management lifted its stake in shares of Lockheed Martin by 4.7% during the third quarter. Fulcrum Equity Management now owns 900 shares of the aerospace company's stock worth $526,000 after buying an additional 40 shares during the period. Finally, Sculati Wealth Management LLC acquired a new stake in shares of Lockheed Martin during the third quarter worth $258,000. Hedge funds and other institutional investors own 74.19% of the company's stock.

Insiders Place Their Bets

In related news, VP Harry Edward Paul III sold 707 shares of the company'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 value of $312,925.27. Following the transaction, the vice president now directly owns 2,278 shares in the company, valued at approximately $1,008,265.58. This represents a 23.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the firm's stock in a transaction on 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 sale, the insider now directly owns 2,000 shares of the company's stock, valued at approximately $884,840. This trade represents a 61.63 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,133 shares of company stock valued at $3,155,916. Insiders own 0.14% of the company's stock.

Lockheed Martin Price Performance

Shares of NYSE LMT traded up $11.01 during trading on Friday, hitting $477.82. The company had a trading volume of 1,521,067 shares, compared to its average volume of 1,251,287. 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. The firm has a market capitalization of $112.08 billion, a price-to-earnings ratio of 21.47, a price-to-earnings-growth ratio of 2.07 and a beta of 0.39. The stock has a fifty day simple moving average of $454.80 and a two-hundred day simple moving average of $493.33.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share for the quarter, topping the consensus estimate of $6.34 by $0.94. The firm had revenue of $17.96 billion for the quarter, compared to the consensus estimate of $17.83 billion. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. On average, research analysts expect that Lockheed Martin Co. will post 27.15 earnings per share for the current year.

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 3rd were given a dividend of $3.30 per share. The ex-dividend date was Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a yield of 2.76%. Lockheed Martin's payout ratio is 57.02%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on LMT. Morgan Stanley upgraded Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 target price for the company in a research note on Wednesday, April 16th. Robert W. Baird raised Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 target price for the company in a report on Wednesday. Melius Research lowered shares of Lockheed Martin from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 24th. JPMorgan Chase & Co. cut their price objective on shares of Lockheed Martin from $540.00 to $535.00 and set an "overweight" rating on the stock in a research note on Thursday, January 30th. Finally, Barclays decreased their target price on shares of 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. Eight investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $544.79.

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.