Lyons Wealth Management LLC. lowered its position in shares of Lockheed Martin Co. (NYSE:LMT) by 7.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,409 shares of the aerospace company’s stock after selling 181 shares during the period. Lockheed Martin comprises about 2.1% of Lyons Wealth Management LLC.’s holdings, making the stock its 21st largest position. Lyons Wealth Management LLC.’s holdings in Lockheed Martin were worth $633,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Riverview Trust Co purchased a new position in shares of Lockheed Martin during the fourth quarter worth about $181,000. Paradigm Financial Partners LLC purchased a new position in shares of Lockheed Martin during the fourth quarter worth about $1,780,000. Mn Services Vermogensbeheer B.V. grew its holdings in shares of Lockheed Martin by 5.6% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 43,492 shares of the aerospace company’s stock worth $9,962,000 after buying an additional 2,300 shares during the last quarter. Wellington Shields & Co. LLC grew its holdings in shares of Lockheed Martin by 127.9% during the fourth quarter. Wellington Shields & Co. LLC now owns 4,900 shares of the aerospace company’s stock worth $1,283,000 after buying an additional 2,750 shares during the last quarter. Finally, FTB Advisors Inc. grew its holdings in shares of Lockheed Martin by 6.1% during the fourth quarter. FTB Advisors Inc. now owns 683 shares of the aerospace company’s stock worth $178,000 after buying an additional 39 shares during the last quarter. Institutional investors and hedge funds own 78.34% of the company’s stock.
Shares of LMT opened at $298.51 on Friday. The company has a debt-to-equity ratio of 8.70, a current ratio of 1.12 and a quick ratio of 0.91. The firm has a market capitalization of $85.74 billion, a price-to-earnings ratio of 16.72, a price-to-earnings-growth ratio of 2.24 and a beta of 1.02. Lockheed Martin Co. has a fifty-two week low of $241.18 and a fifty-two week high of $361.99.
Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, January 29th. The aerospace company reported $4.39 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $4.39. The company had revenue of $14.41 billion during the quarter, compared to the consensus estimate of $13.75 billion. Lockheed Martin had a return on equity of 726.78% and a net margin of 9.39%. Lockheed Martin’s revenue was up 4.1% on a year-over-year basis. During the same period in the previous year, the firm posted ($2.25) EPS. On average, analysts forecast that Lockheed Martin Co. will post 19.42 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 1st will be issued a $2.20 dividend. The ex-dividend date of this dividend is Thursday, February 28th. This represents a $8.80 annualized dividend and a yield of 2.95%. Lockheed Martin’s dividend payout ratio (DPR) is presently 49.30%.
LMT has been the topic of a number of research reports. Zacks Investment Research lowered Lockheed Martin from a “strong-buy” rating to a “hold” rating in a report on Monday, January 14th. Vertical Group raised Lockheed Martin from a “hold” rating to a “buy” rating in a report on Thursday, January 10th. Citigroup lowered their price objective on Lockheed Martin from $400.00 to $338.00 and set a “buy” rating on the stock in a report on Monday, January 14th. Barclays lowered their price objective on Lockheed Martin from $369.00 to $325.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 4th. Finally, Bank of America reaffirmed a “buy” rating and issued a $390.00 price objective on shares of Lockheed Martin in a report on Wednesday, January 30th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Lockheed Martin currently has a consensus rating of “Buy” and an average target price of $350.00.
In other Lockheed Martin news, Chairman Marillyn A. Hewson sold 59,434 shares of the business’s stock in a transaction on Tuesday, February 26th. The stock was sold at an average price of $306.60, for a total value of $18,222,464.40. Following the completion of the transaction, the chairman now directly owns 109,531 shares in the company, valued at approximately $33,582,204.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Richard F. Ambrose sold 6,647 shares of the business’s stock in a transaction on Wednesday, February 6th. The shares were sold at an average price of $301.34, for a total value of $2,003,006.98. Following the completion of the transaction, the executive vice president now owns 4,218 shares of the company’s stock, valued at $1,271,052.12. The disclosure for this sale can be found here. Insiders sold a total of 85,186 shares of company stock valued at $26,010,927 over the last quarter. 0.35% of the stock is currently owned by insiders.
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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. It operates through four segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.
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