Hi Line Capital Management LLC Cuts Holdings in Lockheed Martin Co. (NYSE:LMT)

Hi Line Capital Management LLC decreased its position in shares of Lockheed Martin Co. (NYSE:LMT) by 0.6% in the fourth quarter, HoldingsChannel reports. The firm owned 12,891 shares of the aerospace company’s stock after selling 78 shares during the quarter. Lockheed Martin accounts for approximately 2.7% of Hi Line Capital Management LLC’s investment portfolio, making the stock its 14th largest holding. Hi Line Capital Management LLC’s holdings in Lockheed Martin were worth $6,264,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Itau Unibanco Holding S.A. bought a new position in shares of Lockheed Martin in the 3rd quarter valued at about $26,000. Heck Capital Advisors LLC bought a new position in shares of Lockheed Martin in the 4th quarter valued at about $35,000. Capital Performance Advisors LLP bought a new position in shares of Lockheed Martin in the 3rd quarter valued at about $40,000. Legacy Investment Solutions LLC bought a new position in shares of Lockheed Martin in the 3rd quarter valued at about $42,000. Finally, Vestor Capital LLC bought a new position in shares of Lockheed Martin in the 3rd quarter valued at about $46,000. Institutional investors own 74.19% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on LMT shares. JPMorgan Chase & Co. lowered their price target on shares of Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. Citigroup decreased their price objective on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a research note on Tuesday, January 21st. UBS Group decreased their price objective on shares of Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating for the company in a research note on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $611.00 to $523.00 in a research note on Thursday, January 2nd. Finally, Susquehanna decreased their price objective on shares of Lockheed Martin from $590.00 to $550.00 and set a “positive” rating for the company in a research note on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Lockheed Martin presently has a consensus rating of “Moderate Buy” and a consensus target price of $555.60.

Lockheed Martin Stock Performance

Lockheed Martin stock opened at $441.20 on Monday. The company has a 50 day moving average price of $469.94 and a 200-day moving average price of $528.75. 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 Co. has a fifty-two week low of $419.70 and a fifty-two week high of $618.95. The company has a market capitalization of $103.86 billion, a PE ratio of 19.82, a P/E/G ratio of 2.07 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) 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, equities analysts forecast that Lockheed Martin Co. will post 27.15 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be issued a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a yield of 2.99%. The ex-dividend date is Monday, March 3rd. Lockheed Martin’s payout ratio is 59.30%.

Lockheed Martin 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.