Natixis Sells 11,679 Shares of Lockheed Martin Co. (NYSE:LMT)

Natixis reduced its position in shares of Lockheed Martin Co. (NYSE:LMT) by 31.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 25,245 shares of the aerospace company’s stock after selling 11,679 shares during the quarter. Natixis’ holdings in Lockheed Martin were worth $12,268,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Norinchukin Bank The increased its holdings in shares of Lockheed Martin by 11.3% in the 4th quarter. Norinchukin Bank The now owns 10,114 shares of the aerospace company’s stock worth $4,915,000 after purchasing an additional 1,025 shares in the last quarter. Capital International Inc. CA boosted its holdings in shares of Lockheed Martin by 26.7% during the 4th quarter. Capital International Inc. CA now owns 4,164 shares of the aerospace company’s stock valued at $2,023,000 after acquiring an additional 878 shares during the last quarter. Capital Research Global Investors bought a new stake in shares of Lockheed Martin in the fourth quarter worth approximately $229,987,000. Dimensional Fund Advisors LP boosted its holdings in Lockheed Martin by 5.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,274,580 shares of the aerospace company’s stock worth $619,369,000 after purchasing an additional 70,516 shares during the last quarter. Finally, Freedom Investment Management Inc. grew its position in Lockheed Martin by 25.9% in the 4th quarter. Freedom Investment Management Inc. now owns 949 shares of the aerospace company’s stock worth $461,000 after purchasing an additional 195 shares during the period. 74.19% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on LMT shares. Melius cut Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Monday, March 24th. Citigroup dropped their price objective on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a report on Tuesday, January 21st. UBS Group reduced their target price 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. JPMorgan Chase & Co. dropped their price target 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. Finally, StockNews.com cut Lockheed Martin from a “buy” rating to a “hold” rating in a report on Tuesday, April 1st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $539.93.

Lockheed Martin Price Performance

Shares of NYSE:LMT opened at $463.80 on Friday. The firm has a market cap of $108.79 billion, a price-to-earnings ratio of 20.84, a P/E/G ratio of 2.07 and a beta of 0.39. The firm has a fifty day moving average price of $452.24 and a 200 day moving average price of $496.52. Lockheed Martin Co. has a fifty-two week low of $418.88 and a fifty-two week high of $618.95. 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) last issued its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, beating 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, sell-side analysts expect that Lockheed Martin Co. will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 3rd were given a dividend of $3.30 per share. The ex-dividend date was Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.85%. Lockheed Martin’s dividend payout ratio is currently 59.30%.

Insider Activity

In related news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the stock in a transaction dated 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 owns 2,000 shares of the company’s stock, valued at approximately $884,840. This trade represents a 61.63 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Harry Edward Paul III sold 707 shares of Lockheed Martin stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $442.61, for a total value 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. This represents a 23.69 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,133 shares of company stock worth $3,155,916. 0.14% of the stock is currently owned by insiders.

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.