Lockheed Martin Co. (NYSE:LMT) Position Trimmed by Clearbridge Investments LLC

Clearbridge Investments LLC lowered its stake in Lockheed Martin Co. (NYSE:LMT - Free Report) by 1.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 68,880 shares of the aerospace company's stock after selling 1,358 shares during the quarter. Clearbridge Investments LLC's holdings in Lockheed Martin were worth $33,472,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of LMT. Arete Wealth Advisors LLC purchased a new position in shares of Lockheed Martin during the third quarter valued at approximately $1,840,000. Edgestream Partners L.P. lifted its stake in shares of Lockheed Martin by 15.7% during the 3rd quarter. Edgestream Partners L.P. now owns 3,667 shares of the aerospace company's stock worth $2,144,000 after purchasing an additional 497 shares during the period. Erste Asset Management GmbH purchased a new position in shares of Lockheed Martin during the 3rd quarter worth $82,000. Garden State Investment Advisory Services LLC acquired a new stake in shares of Lockheed Martin during the third quarter worth $211,000. Finally, HighTower Advisors LLC grew its position in shares of Lockheed Martin by 1.4% in the third quarter. HighTower Advisors LLC now owns 369,076 shares of the aerospace company's stock valued at $215,944,000 after purchasing an additional 5,245 shares during the period. Institutional investors and hedge funds own 74.19% of the company's stock.

Insider Activity

In related news, VP Harry Edward Paul III sold 707 shares of Lockheed Martin stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $442.61, for a total value of $312,925.27. Following the completion of the sale, the vice president now owns 2,278 shares in the company, valued at approximately $1,008,265.58. The trade was a 23.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the company's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $442.42, for a total transaction of $1,421,495.46. Following the completion of the sale, the insider now directly owns 2,000 shares in the company, valued at $884,840. This represents a 61.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,133 shares of company stock worth $3,155,916 over the last ninety days. Corporate insiders own 0.17% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Melius Research downgraded Lockheed Martin from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 24th. Wells Fargo & Company reiterated an "equal weight" rating on shares of Lockheed Martin in a report on Monday, March 10th. Melius downgraded shares of Lockheed Martin from a "buy" rating to a "hold" rating in a report on Monday, March 24th. UBS Group dropped their price target on shares of Lockheed Martin from $527.00 to $508.00 and set a "neutral" rating for the company in a research report on Wednesday, January 29th. Finally, Morgan Stanley decreased their price target on shares of Lockheed Martin from $555.00 to $525.00 and set an "equal weight" rating on the stock in a report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, Lockheed Martin presently has a consensus rating of "Hold" and an average target price of $539.53.

Lockheed Martin Stock Down 4.9 %

Shares of NYSE LMT traded down $22.06 on Friday, hitting $432.72. The company had a trading volume of 2,391,049 shares, compared to its average volume of 1,220,992. The firm has a market capitalization of $101.50 billion, a P/E ratio of 19.44, a PEG 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 12-month low of $419.70 and a 12-month high of $618.95. The business has a 50 day moving average of $451.38 and a two-hundred day moving average of $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 earnings per share for the quarter, topping 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%. As a group, equities research analysts forecast 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. Shareholders 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 dividend on an annualized basis and a yield of 3.05%. Lockheed Martin's payout ratio is currently 59.30%.

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.