MBL Wealth LLC Lowers Position in Lockheed Martin Co. (NYSE:LMT)

MBL Wealth LLC cut its holdings in Lockheed Martin Co. (NYSE:LMT) by 53.2% in the fourth quarter, Holdings Channel reports. The fund owned 526 shares of the aerospace company’s stock after selling 598 shares during the quarter. MBL Wealth LLC’s holdings in Lockheed Martin were worth $238,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Caprock Group LLC lifted its position in shares of Lockheed Martin by 2.5% during the fourth quarter. Caprock Group LLC now owns 1,790 shares of the aerospace company’s stock valued at $812,000 after buying an additional 44 shares during the last quarter. Global Retirement Partners LLC lifted its position in shares of Lockheed Martin by 6.9% during the fourth quarter. Global Retirement Partners LLC now owns 6,803 shares of the aerospace company’s stock valued at $3,115,000 after buying an additional 440 shares during the last quarter. Relyea Zuckerberg Hanson LLC purchased a new stake in shares of Lockheed Martin during the fourth quarter valued at about $356,000. Inscription Capital LLC purchased a new stake in shares of Lockheed Martin during the fourth quarter valued at about $257,000. Finally, McGlone Suttner Wealth Management Inc. lifted its position in shares of Lockheed Martin by 22.3% during the fourth quarter. McGlone Suttner Wealth Management Inc. now owns 690 shares of the aerospace company’s stock valued at $313,000 after buying an additional 126 shares during the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Stock Performance

NYSE:LMT traded down $1.91 during midday trading on Friday, hitting $454.87. The company’s stock had a trading volume of 1,119,541 shares, compared to its average volume of 1,200,722. Lockheed Martin Co. has a fifty-two week low of $393.77 and a fifty-two week high of $508.10. The firm’s 50 day moving average is $433.47 and its 200-day moving average is $438.48. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.21 and a quick ratio of 1.03. The firm has a market cap of $109.39 billion, a P/E ratio of 16.51, a P/E/G ratio of 4.17 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, January 23rd. The aerospace company reported $7.90 EPS for the quarter, topping analysts’ consensus estimates of $7.26 by $0.64. The business had revenue of $18.87 billion for the quarter, compared to analysts’ expectations of $17.96 billion. Lockheed Martin had a net margin of 10.24% and a return on equity of 79.91%. The business’s revenue was down .6% on a year-over-year basis. During the same quarter last year, the company earned $7.79 EPS. Equities analysts anticipate that Lockheed Martin Co. will post 26.13 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 1st will be paid a dividend of $3.15 per share. The ex-dividend date is Thursday, February 29th. This represents a $12.60 dividend on an annualized basis and a dividend yield of 2.77%. Lockheed Martin’s payout ratio is 45.74%.

Analysts Set New Price Targets

LMT has been the subject of several analyst reports. Morgan Stanley decreased 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 report on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Lockheed Martin from $438.00 to $472.00 in a research report on Monday, January 22nd. Citigroup decreased their price objective on shares of Lockheed Martin from $540.00 to $508.00 and set a “buy” rating for the company in a research report on Wednesday, January 24th. Susquehanna decreased 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. Finally, UBS Group decreased their price objective on shares of Lockheed Martin from $488.00 to $475.00 and set a “neutral” rating for the company in a research report on Wednesday, January 24th. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $491.92.

Insider Transactions at Lockheed Martin

In other news, SVP Maryanne Lavan sold 4,022 shares of the 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, SVP Maryanne Lavan sold 4,022 shares of the 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Gregory M. Ulmer sold 6,204 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $431.19, for a total value of $2,675,102.76. Following the transaction, the insider now owns 12,604 shares in the company, valued at approximately $5,434,718.76. The disclosure for this sale can be found here. Insiders have sold 16,874 shares of company stock valued at $7,249,946 in the last 90 days. 0.17% of the stock is currently owned by company insiders.

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.