Romano Brothers AND Company Sells 158 Shares of Lockheed Martin Co. (NYSE:LMT)

Romano Brothers AND Company lessened its stake in Lockheed Martin Co. (NYSE:LMTFree Report) by 23.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 529 shares of the aerospace company’s stock after selling 158 shares during the quarter. Romano Brothers AND Company’s holdings in Lockheed Martin were worth $240,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp boosted its position in shares of Lockheed Martin by 0.5% during the 1st quarter. State Street Corp now owns 37,972,543 shares of the aerospace company’s stock worth $17,950,761,000 after acquiring an additional 176,739 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Lockheed Martin by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 22,302,719 shares of the aerospace company’s stock worth $9,120,920,000 after buying an additional 279,162 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Lockheed Martin by 1.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,686,937 shares of the aerospace company’s stock valued at $2,302,388,000 after buying an additional 97,916 shares in the last quarter. Wellington Management Group LLP grew its position in Lockheed Martin by 4.0% in the third quarter. Wellington Management Group LLP now owns 3,158,783 shares of the aerospace company’s stock valued at $1,291,816,000 after acquiring an additional 121,358 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Lockheed Martin by 4.0% in the third quarter. Northern Trust Corp now owns 2,388,377 shares of the aerospace company’s stock worth $976,751,000 after acquiring an additional 91,109 shares during the last quarter. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Price Performance

LMT stock opened at $450.40 on Monday. The company has a quick ratio of 1.03, a current ratio of 1.21 and a debt-to-equity ratio of 2.53. The firm has a market cap of $108.32 billion, a price-to-earnings ratio of 16.35, a PEG ratio of 4.11 and a beta of 0.48. The company’s fifty day simple moving average is $436.96 and its 200 day simple moving average is $441.40. Lockheed Martin Co. has a 12-month low of $393.77 and a 12-month high of $508.10.

Lockheed Martin (NYSE:LMTGet Free Report) last posted its quarterly earnings data on Tuesday, January 23rd. The aerospace company reported $7.90 earnings per share for the quarter, topping the consensus estimate of $7.26 by $0.64. Lockheed Martin had a return on equity of 79.91% and a net margin of 10.24%. The firm had revenue of $18.87 billion during the quarter, compared to analyst estimates of $17.96 billion. During the same period last year, the company posted $7.79 EPS. The business’s quarterly revenue was down .6% on a year-over-year basis. On average, analysts expect that Lockheed Martin Co. will post 26.13 earnings per share for the current year.

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 1st were paid a $3.15 dividend. The ex-dividend date was Thursday, February 29th. This represents a $12.60 annualized dividend and a dividend yield of 2.80%. Lockheed Martin’s dividend payout ratio is currently 45.74%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on LMT. Susquehanna lowered their price objective on shares of Lockheed Martin from $550.00 to $540.00 and set a “positive” rating for the company in a research report on Wednesday, January 24th. Royal Bank of Canada reduced their price objective on Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft lifted their price target on Lockheed Martin from $438.00 to $472.00 in a research note on Monday, January 22nd. UBS Group cut their target price on shares of Lockheed Martin from $488.00 to $475.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 24th. Finally, Morgan Stanley dropped their price target on shares of Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 24th. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Lockheed Martin has a consensus rating of “Hold” and an average price target of $490.00.

Check Out Our Latest Stock Analysis on Lockheed Martin

Insider Activity at Lockheed Martin

In other Lockheed Martin news, SVP Maryanne Lavan sold 4,022 shares of Lockheed Martin stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $434.39, for a total value of $1,747,116.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Maryanne Lavan sold 4,022 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total transaction of $1,747,116.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO John Frank A. St sold 6,648 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $425.35, for a total value of $2,827,726.80. The disclosure for this sale can be found here. Insiders have sold 16,874 shares of company stock worth $7,249,946 in the last quarter. Company insiders own 0.14% of the company’s stock.

About Lockheed Martin

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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