Trexquant Investment LP Sells 25,094 Shares of Lockheed Martin Co. (NYSE:LMT)

Trexquant Investment LP trimmed its stake in Lockheed Martin Co. (NYSE:LMT - Free Report) by 58.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,496 shares of the aerospace company's stock after selling 25,094 shares during the period. Trexquant Investment LP's holdings in Lockheed Martin were worth $8,502,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of LMT. Millstone Evans Group LLC bought a new position in shares of Lockheed Martin during the fourth quarter worth about $32,000. Mizuho Securities Co. Ltd. acquired a new stake in Lockheed Martin during the 4th quarter valued at approximately $34,000. Heck Capital Advisors LLC bought a new position in Lockheed Martin during the 4th quarter worth approximately $35,000. Legacy Investment Solutions LLC acquired a new position in shares of Lockheed Martin in the 3rd quarter worth approximately $42,000. Finally, Runnymede Capital Advisors Inc. bought a new stake in shares of Lockheed Martin in the 4th quarter valued at $42,000. 74.19% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Lockheed Martin news, VP Harry Edward Paul III sold 707 shares of the business's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $442.61, for a total value of $312,925.27. Following 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 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 the firm's stock in a transaction 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 sale, the insider now directly owns 2,000 shares of the company's stock, valued at approximately $884,840. This represents a 61.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,133 shares of company stock valued at $3,155,916. Corporate insiders own 0.17% of the company's stock.

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Wall Street Analyst Weigh In

Several equities analysts recently issued reports on LMT shares. Bank of America lowered shares of Lockheed Martin from a "buy" rating to a "neutral" rating and dropped their target price for the company from $685.00 to $485.00 in a report on Monday, March 24th. Melius downgraded Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Monday, March 24th. StockNews.com cut Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Tuesday. Morgan Stanley dropped their price target on Lockheed Martin from $555.00 to $525.00 and set an "equal weight" rating on the stock in a research note on Wednesday, January 29th. Finally, Wells Fargo & Company reaffirmed an "equal weight" rating on shares of Lockheed Martin in a research report on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Lockheed Martin has an average rating of "Hold" and a consensus target price of $539.53.

Lockheed Martin Stock Down 4.9 %

LMT traded down $22.06 during midday trading on Friday, reaching $432.72. 2,391,049 shares of the company were exchanged, compared to its average volume of 1,219,681. The company has a market cap of $101.50 billion, a price-to-earnings ratio of 19.44, a price-to-earnings-growth ratio of 2.07 and a beta of 0.39. Lockheed Martin Co. has a one year low of $419.70 and a one year high of $618.95. The company's fifty day moving average price is $451.38 and its 200 day moving average price is $506.46. 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 (NYSE:LMT - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, topping the consensus estimate 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, analysts expect that Lockheed Martin Co. will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 3rd were issued a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a yield of 3.05%. The ex-dividend date of this dividend was Monday, March 3rd. Lockheed Martin's dividend payout ratio (DPR) is presently 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.