National Bank of Canada FI Trims Stake in Lockheed Martin Co. (NYSE:LMT)

National Bank of Canada FI lowered its holdings in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 44.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 153,237 shares of the aerospace company's stock after selling 122,580 shares during the quarter. National Bank of Canada FI owned approximately 0.07% of Lockheed Martin worth $74,462,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Arete Wealth Advisors LLC purchased a new stake in shares of Lockheed Martin in the third quarter worth about $1,840,000. Edgestream Partners L.P. lifted its stake in 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 acquiring an additional 497 shares in the last quarter. Erste Asset Management GmbH purchased a new position in Lockheed Martin in the third quarter valued at $82,000. Garden State Investment Advisory Services LLC purchased a new stake in shares of Lockheed Martin in the 3rd quarter valued at approximately $211,000. Finally, HighTower Advisors LLC lifted its holdings in shares of Lockheed Martin by 1.4% in the 3rd 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 last quarter. Hedge funds and other institutional investors own 74.19% of the company's stock.

Lockheed Martin Price Performance

Shares of NYSE:LMT traded up $4.28 during midday trading on Wednesday, reaching $452.92. 1,268,982 shares of the company were exchanged, compared to its average volume of 1,211,514. The business's fifty day moving average is $453.52 and its two-hundred day moving average is $507.80. Lockheed Martin Co. has a one year low of $419.70 and a one year high of $618.95. The stock has a market cap of $106.61 billion, a PE ratio of 20.35, a price-to-earnings-growth ratio of 2.07 and a beta of 0.43. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10.

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Lockheed Martin (NYSE:LMT - Get Free Report) last posted its quarterly earnings results 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%. As a group, analysts predict that Lockheed Martin Co. will post 27.15 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 3rd were paid a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date of this dividend was Monday, March 3rd. Lockheed Martin's dividend payout ratio is presently 59.30%.

Analyst Upgrades and Downgrades

LMT has been the subject of several recent research reports. Morgan Stanley dropped their target price on shares of Lockheed Martin from $555.00 to $525.00 and set an "equal weight" rating for the company in a report on Wednesday, January 29th. Melius lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating in a report on Monday, March 24th. Barclays decreased their target price on 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 report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. lowered their price objective on Lockheed Martin from $540.00 to $535.00 and set an "overweight" rating for the company in a report on Thursday, January 30th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $539.53.

Insider Activity at Lockheed Martin

In related news, VP Harry Edward Paul III sold 707 shares of the business's 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 directly owns 2,278 shares of the company's stock, valued at $1,008,265.58. The trade was a 23.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the company's stock in a transaction dated 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 of the company's stock, valued at $884,840. The trade was a 61.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,133 shares of company stock valued at $3,155,916. Corporate insiders own 0.17% of the company's stock.

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.