Lockheed Martin Co. (NYSE:LMT) Position Lowered by Morgan Dempsey Capital Management LLC

Morgan Dempsey Capital Management LLC lessened its position in Lockheed Martin Co. (NYSE:LMT - Free Report) by 8.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 16,662 shares of the aerospace company's stock after selling 1,550 shares during the period. Lockheed Martin accounts for 3.3% of Morgan Dempsey Capital Management LLC's investment portfolio, making the stock its 9th biggest position. Morgan Dempsey Capital Management LLC's holdings in Lockheed Martin were worth $8,097,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. cut their target price 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. Deutsche Bank Aktiengesellschaft cut shares of Lockheed Martin from a "buy" rating to a "hold" rating and lowered their price target for the company from $611.00 to $523.00 in a research report on Thursday, January 2nd. Barclays lowered their price target 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. UBS Group lowered 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, Wells Fargo & Company lowered their price target on shares of Lockheed Martin from $497.00 to $468.00 and set an "equal weight" rating for the company in a research report on Wednesday. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $553.67.

Insider Activity at Lockheed Martin

In other Lockheed Martin news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $442.42, for a total value of $1,421,495.46. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 transaction of $312,925.27. Following the completion of the transaction, 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. Over the last ninety days, insiders sold 7,133 shares of company stock worth $3,155,916. 0.17% of the stock is owned by company insiders.

Lockheed Martin Stock Performance

Shares of LMT traded up $3.73 during mid-day trading on Friday, hitting $450.19. 1,432,091 shares of the company traded hands, compared to its average volume of 1,574,859. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13. The stock has a 50-day moving average price of $465.79 and a two-hundred day moving average price of $525.10. Lockheed Martin Co. has a 1 year low of $419.70 and a 1 year high of $618.95. The stock has a market cap of $105.97 billion, a price-to-earnings ratio of 20.22, a P/E/G ratio of 2.07 and a beta of 0.48.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its quarterly earnings data 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%. Equities analysts anticipate that Lockheed Martin Co. will post 27.15 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Monday, March 3rd. This represents a $13.20 annualized dividend and a yield of 2.93%. Lockheed Martin's dividend payout ratio (DPR) is 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.