Lockheed Martin Co. (NYSE:LMT) Stake Cut by Machina Capital S.A.S.

Machina Capital S.A.S. decreased its position in Lockheed Martin Co. (NYSE:LMT) by 49.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,554 shares of the aerospace company’s stock after selling 1,507 shares during the period. Machina Capital S.A.S.’s holdings in Lockheed Martin were worth $704,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of LMT. Private Advisor Group LLC increased its holdings in Lockheed Martin by 13.1% in the fourth quarter. Private Advisor Group LLC now owns 49,879 shares of the aerospace company’s stock worth $22,607,000 after buying an additional 5,763 shares during the last quarter. MeadowBrook Investment Advisors LLC bought a new position in shares of Lockheed Martin during the 4th quarter worth approximately $74,000. Gallacher Capital Management LLC increased its holdings in shares of Lockheed Martin by 18.8% during the fourth quarter. Gallacher Capital Management LLC now owns 1,855 shares of the aerospace company’s stock worth $841,000 after buying an additional 294 shares in the last quarter. TCI Wealth Advisors Inc. raised its stake in shares of Lockheed Martin by 62.9% in the fourth quarter. TCI Wealth Advisors Inc. now owns 2,875 shares of the aerospace company’s stock valued at $1,303,000 after acquiring an additional 1,110 shares during the last quarter. Finally, W.H. Cornerstone Investments Inc. bought a new stake in Lockheed Martin during the 4th quarter worth approximately $207,000. Institutional investors own 74.19% of the company’s stock.

Insider Activity at Lockheed Martin

In other Lockheed Martin news, SVP Maryanne Lavan sold 4,022 shares of the firm’s stock in a transaction 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 legal filing with the SEC, which is available 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 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 document filed with the SEC, which is available at the SEC website. Also, COO John Frank A. St sold 6,648 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were 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.

Lockheed Martin Stock Performance

Shares of NYSE LMT traded up $0.87 during midday trading on Monday, hitting $462.78. 796,271 shares of the company’s stock were exchanged, compared to its average volume of 1,149,090. Lockheed Martin Co. has a 12 month low of $393.77 and a 12 month high of $479.50. The firm has a market capitalization of $111.04 billion, a PE ratio of 16.93, a price-to-earnings-growth ratio of 4.23 and a beta of 0.46. The company’s 50 day moving average price is $448.09 and its 200 day moving average price is $445.50. The company has a quick ratio of 1.11, a current ratio of 1.30 and a debt-to-equity ratio of 2.89.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 EPS for the quarter, beating the consensus estimate of $5.80 by $0.53. Lockheed Martin had a net margin of 9.73% and a return on equity of 85.96%. The firm had revenue of $17.20 billion for the quarter, compared to analyst estimates of $16.04 billion. During the same period last year, the firm earned $6.43 EPS. The business’s quarterly revenue was up 13.7% compared to the same quarter last year. As a group, analysts predict that Lockheed Martin Co. will post 26.15 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 3rd will be paid a dividend of $3.15 per share. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $12.60 annualized dividend and a yield of 2.72%. Lockheed Martin’s dividend payout ratio is currently 46.10%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. upgraded Lockheed Martin from a “neutral” rating to an “overweight” rating and raised their price target for the company from $475.00 to $518.00 in a report on Monday, April 15th. Citigroup lifted their price objective on Lockheed Martin from $508.00 to $525.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Morgan Stanley lowered their price objective 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 boosted their target price on Lockheed Martin from $467.00 to $487.00 and gave the company a “hold” rating in a research note on Thursday, April 25th. Finally, Susquehanna dropped their target price on shares of Lockheed Martin from $550.00 to $540.00 and set a “positive” rating on the stock in a report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $485.40.

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. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.