Lockheed Martin Co. (NYSE:LMT) Stake Lessened by Stiles Financial Services Inc

Stiles Financial Services Inc lowered its position in Lockheed Martin Co. (NYSE:LMT - Free Report) by 14.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,147 shares of the aerospace company's stock after selling 721 shares during the period. Stiles Financial Services Inc's holdings in Lockheed Martin were worth $2,017,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Itau Unibanco Holding S.A. acquired a new stake in shares of Lockheed Martin during the 3rd quarter valued at approximately $26,000. Heck Capital Advisors LLC acquired a new stake in shares of Lockheed Martin during the 4th quarter valued at approximately $35,000. Capital Performance Advisors LLP acquired a new stake in shares of Lockheed Martin during the 3rd quarter valued at approximately $40,000. Legacy Investment Solutions LLC acquired a new stake in shares of Lockheed Martin during the 3rd quarter valued at approximately $42,000. Finally, Vestor Capital LLC acquired a new position in shares of Lockheed Martin during the 3rd quarter worth approximately $46,000. Institutional investors and hedge funds own 74.19% of the company's stock.

Lockheed Martin Stock Down 1.7 %

Shares of Lockheed Martin stock traded down $7.61 during trading on Thursday, reaching $434.36. The company had a trading volume of 2,397,603 shares, compared to its average volume of 1,431,723. The company has a market cap of $102.24 billion, a price-to-earnings ratio of 19.51, a price-to-earnings-growth ratio of 2.12 and a beta of 0.48. The firm's fifty day moving average is $480.54 and its 200-day moving average is $534.28. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13. Lockheed Martin Co. has a fifty-two week low of $413.92 and a fifty-two week high of $618.95.

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 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 anticipate that Lockheed Martin Co. will post 27.14 EPS for the current year.

Lockheed Martin Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors 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 3.04%. The ex-dividend date is Monday, March 3rd. Lockheed Martin's dividend payout ratio is presently 59.30%.

Wall Street Analysts Forecast Growth

Several analysts have commented on LMT shares. Royal Bank of Canada lowered their target price on shares of Lockheed Martin from $570.00 to $550.00 and set an "outperform" rating for the company in a research note on Wednesday, January 29th. Robert W. Baird boosted their price objective on shares of Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft cut shares of Lockheed Martin from a "buy" rating to a "hold" rating and decreased their price target for the stock from $611.00 to $523.00 in a research report on Thursday, January 2nd. Citigroup decreased their price target 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. Finally, Barclays cut their price objective on shares of Lockheed Martin from $565.00 to $515.00 and set an "equal weight" rating on the stock in a report on Monday, January 6th. 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 given a strong buy rating to the stock. According to data from MarketBeat, Lockheed Martin presently has a consensus rating of "Moderate Buy" and an average target price of $555.60.

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.