Absher Wealth Management LLC Sells 25 Shares of Lockheed Martin Co. (NYSE:LMT)

Absher Wealth Management LLC trimmed its position in Lockheed Martin Co. (NYSE:LMT) by 3.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 619 shares of the aerospace company’s stock after selling 25 shares during the period. Absher Wealth Management LLC’s holdings in Lockheed Martin were worth $301,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Private Management Group Inc. raised its holdings in Lockheed Martin by 14.1% during the fourth quarter. Private Management Group Inc. now owns 461 shares of the aerospace company’s stock worth $224,000 after buying an additional 57 shares during the last quarter. Meritage Portfolio Management raised its holdings in shares of Lockheed Martin by 5.5% in the 4th quarter. Meritage Portfolio Management now owns 749 shares of the aerospace company’s stock worth $364,000 after acquiring an additional 39 shares during the last quarter. Choreo LLC boosted its stake in Lockheed Martin by 6.9% during the 4th quarter. Choreo LLC now owns 15,444 shares of the aerospace company’s stock valued at $7,486,000 after purchasing an additional 1,003 shares during the last quarter. Nvwm LLC increased its holdings in Lockheed Martin by 2.5% during the 4th quarter. Nvwm LLC now owns 908 shares of the aerospace company’s stock worth $441,000 after purchasing an additional 22 shares in the last quarter. Finally, Money Concepts Capital Corp raised its stake in shares of Lockheed Martin by 1.1% in the fourth quarter. Money Concepts Capital Corp now owns 7,658 shares of the aerospace company’s stock worth $3,721,000 after purchasing an additional 85 shares during the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Trading Down 0.9 %

Shares of LMT stock opened at $449.44 on Thursday. The company has a market capitalization of $105.79 billion, a PE ratio of 20.19, a price-to-earnings-growth ratio of 2.96 and a beta of 0.48. 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 business’s fifty day moving average is $489.62 and its 200 day moving average is $537.03. Lockheed Martin Co. has a 52-week low of $413.92 and a 52-week high of $618.95.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 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%. On average, equities research analysts anticipate that Lockheed Martin Co. will post 27.29 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be given a dividend of $3.30 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a yield of 2.94%. Lockheed Martin’s payout ratio is 59.30%.

Wall Street Analysts Forecast Growth

LMT has been the topic of several recent analyst reports. Royal Bank of Canada dropped their price objective on Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 29th. Susquehanna reduced their target price on Lockheed Martin from $590.00 to $550.00 and set a “positive” rating for the company in a report on Wednesday, January 29th. TD Cowen increased their price target on Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. StockNews.com cut Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Friday, January 31st. Finally, Morgan Stanley decreased their target price on Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Lockheed Martin has a consensus rating of “Moderate Buy” and a consensus price target of $555.60.

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.