Lockheed Martin Co. (NYSE:LMT) Shares Sold by Anchor Capital Advisors LLC

Anchor Capital Advisors LLC cut its position in Lockheed Martin Co. (NYSE:LMT) by 2.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,509 shares of the aerospace company’s stock after selling 803 shares during the period. Anchor Capital Advisors LLC’s holdings in Lockheed Martin were worth $12,882,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Itau Unibanco Holding S.A. acquired a new stake in Lockheed Martin during the 3rd quarter worth $26,000. Heck Capital Advisors LLC acquired a new stake in shares of Lockheed Martin in the fourth quarter valued at about $35,000. Capital Performance Advisors LLP acquired a new position in Lockheed Martin during the third quarter worth about $40,000. Legacy Investment Solutions LLC acquired a new position in Lockheed Martin during the third quarter worth about $42,000. Finally, Vestor Capital LLC purchased a new stake in Lockheed Martin during the 3rd quarter valued at about $46,000. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on LMT. Susquehanna decreased their target price on shares of Lockheed Martin from $590.00 to $550.00 and set a “positive” rating on the stock in a research note on Wednesday, January 29th. Royal Bank of Canada reduced their price objective on Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 29th. JPMorgan Chase & Co. dropped their target price on Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. Wells Fargo & Company cut their target price on Lockheed Martin from $497.00 to $468.00 and set an “equal weight” rating for the company in a research note on Wednesday. Finally, Citigroup lowered their price target on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a research report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $553.67.

Lockheed Martin Stock Performance

Shares of LMT stock opened at $446.38 on Friday. 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 firm has a market cap of $105.07 billion, a P/E ratio of 20.05, a P/E/G ratio of 2.07 and a beta of 0.48. The firm’s 50 day moving average price is $466.57 and its 200-day moving average price is $526.08. Lockheed Martin Co. has a one year low of $419.70 and a one year high of $618.95.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, topping 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, equities research analysts predict that Lockheed Martin Co. will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date of this dividend is Monday, March 3rd. Lockheed Martin’s dividend payout ratio (DPR) 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.