DRW Securities LLC reduced its position in Lockheed Martin Co. (NYSE:LMT - Free Report) by 70.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,845 shares of the aerospace company's stock after selling 4,384 shares during the period. DRW Securities LLC's holdings in Lockheed Martin were worth $896,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in LMT. Azimuth Capital Investment Management LLC boosted its stake in Lockheed Martin by 3.7% during the 4th quarter. Azimuth Capital Investment Management LLC now owns 10,759 shares of the aerospace company's stock worth $5,228,000 after purchasing an additional 386 shares during the period. Faithward Advisors LLC raised its holdings in shares of Lockheed Martin by 1.6% in the fourth quarter. Faithward Advisors LLC now owns 2,091 shares of the aerospace company's stock valued at $1,016,000 after buying an additional 33 shares during the last quarter. Advisory Services Network LLC boosted its stake in shares of Lockheed Martin by 17.1% during the fourth quarter. Advisory Services Network LLC now owns 30,676 shares of the aerospace company's stock worth $14,907,000 after buying an additional 4,479 shares during the period. Canopy Partners LLC grew its holdings in shares of Lockheed Martin by 343.9% during the fourth quarter. Canopy Partners LLC now owns 1,558 shares of the aerospace company's stock worth $757,000 after buying an additional 1,207 shares during the last quarter. Finally, Krane Funds Advisors LLC increased its position in Lockheed Martin by 71.2% in the 4th quarter. Krane Funds Advisors LLC now owns 719 shares of the aerospace company's stock valued at $349,000 after acquiring an additional 299 shares during the period. 74.19% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Lockheed Martin
In other Lockheed Martin news, VP Harry Edward Paul III sold 707 shares of the company's stock in a transaction dated Wednesday, February 26th. The shares were 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of Lockheed Martin 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 of the company's stock, valued at approximately $884,840. This trade represents a 61.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,133 shares of company stock valued at $3,155,916 in the last ninety days. Corporate insiders own 0.17% of the company's stock.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on the company. Melius Research downgraded Lockheed Martin from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. StockNews.com lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Tuesday, April 1st. Morgan Stanley cut their price objective on shares of 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 lowered their target price 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. Finally, Bank of America cut shares of Lockheed Martin from a "buy" rating to a "neutral" rating and cut their price target for the stock from $685.00 to $485.00 in a report on Monday, March 24th. One equities research 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 MarketBeat.com, Lockheed Martin currently has an average rating of "Hold" and a consensus target price of $536.60.
Check Out Our Latest Stock Analysis on Lockheed Martin
Lockheed Martin Price Performance
NYSE LMT traded up $11.41 during mid-day trading on Friday, hitting $475.11. The stock had a trading volume of 1,451,768 shares, compared to its average volume of 1,239,680. The company has a 50 day simple moving average of $450.03 and a 200 day simple moving average of $500.71. 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 $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. Lockheed Martin Co. has a 52-week low of $418.88 and a 52-week high of $618.95.
Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings results 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 return on equity of 101.47% and a net margin of 7.51%. Equities analysts forecast 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. Stockholders of record on Monday, March 3rd were given a $3.30 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $13.20 annualized dividend and a dividend yield of 2.78%. Lockheed Martin's dividend payout ratio is presently 59.30%.
About Lockheed Martin
(
Free Report)
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.
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