Benjamin F. Edwards & Company Inc. trimmed its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 0.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,648 shares of the aerospace company’s stock after selling 60 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Lockheed Martin were worth $5,703,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. KCS Wealth Advisory acquired a new position in Lockheed Martin during the third quarter worth about $37,000. Samalin Investment Counsel LLC acquired a new position in Lockheed Martin during the fourth quarter worth about $37,000. Security National Trust Co. acquired a new position in Lockheed Martin during the fourth quarter worth about $39,000. Savior LLC acquired a new position in Lockheed Martin during the fourth quarter worth about $61,000. Finally, Tradewinds Capital Management LLC grew its holdings in Lockheed Martin by 34.8% during the fourth quarter. Tradewinds Capital Management LLC now owns 182 shares of the aerospace company’s stock worth $71,000 after acquiring an additional 47 shares during the period. 78.91% of the stock is currently owned by institutional investors.
In other Lockheed Martin news, EVP John Frank A. St sold 556 shares of the firm’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $438.60, for a total transaction of $243,861.60. Following the completion of the sale, the executive vice president now directly owns 1,401 shares in the company, valued at approximately $614,478.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Marillyn A. Hewson sold 22,000 shares of the firm’s stock in a transaction dated Wednesday, January 29th. The stock was sold at an average price of $436.12, for a total value of $9,594,640.00. Following the sale, the chief executive officer now owns 55,554 shares of the company’s stock, valued at $24,228,210.48. The disclosure for this sale can be found here. Insiders have sold a total of 39,793 shares of company stock valued at $17,313,473 over the last 90 days. Corporate insiders own 0.35% of the company’s stock.
LMT has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lowered their target price on Lockheed Martin from $395.00 to $360.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Morgan Stanley lifted their target price on Lockheed Martin from $406.00 to $440.00 and gave the stock an “equal weight” rating in a report on Thursday, January 30th. Goldman Sachs Group lifted their target price on Lockheed Martin from $469.00 to $520.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Cowen began coverage on Lockheed Martin in a research note on Tuesday, January 28th. They issued a “buy” rating and a $454.00 price target on the stock. Finally, Alembic Global Advisors cut Lockheed Martin from an “overweight” rating to a “neutral” rating and set a $489.00 price target on the stock. in a research note on Wednesday, January 29th. One analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the stock. Lockheed Martin presently has a consensus rating of “Buy” and a consensus target price of $442.47.
Shares of LMT opened at $437.85 on Friday. The business’s 50-day moving average price is $421.27 and its 200 day moving average price is $391.92. The stock has a market capitalization of $123.45 billion, a P/E ratio of 19.96, a P/E/G ratio of 2.77 and a beta of 0.93. Lockheed Martin Co. has a 1-year low of $292.53 and a 1-year high of $442.53. The company has a current ratio of 1.22, a quick ratio of 0.96 and a debt-to-equity ratio of 3.60.
Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $5.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $5.03 by $0.26. The firm had revenue of $15.88 billion for the quarter, compared to analysts’ expectations of $15.28 billion. Lockheed Martin had a return on equity of 198.95% and a net margin of 10.42%. Lockheed Martin’s revenue was up 10.2% on a year-over-year basis. During the same quarter last year, the business posted $4.39 EPS. On average, research analysts predict that Lockheed Martin Co. will post 24.12 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Monday, March 2nd will be given a dividend of $2.40 per share. The ex-dividend date is Friday, February 28th. This represents a $9.60 dividend on an annualized basis and a yield of 2.19%. Lockheed Martin’s payout ratio is presently 43.74%.
Lockheed Martin Company 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. It operates through four segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.
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