Lockheed Martin Co. (NYSE:LMT) Shares Sold by Weil Company Inc.

Weil Company Inc. reduced its stake in Lockheed Martin Co. (NYSE:LMT) by 14.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 448 shares of the aerospace company’s stock after selling 77 shares during the period. Weil Company Inc.’s holdings in Lockheed Martin were worth $203,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Cypress Asset Management Inc. TX purchased a new stake in shares of Lockheed Martin during the fourth quarter worth $4,688,000. SageView Advisory Group LLC raised its position in Lockheed Martin by 17.8% in the 4th quarter. SageView Advisory Group LLC now owns 5,760 shares of the aerospace company’s stock valued at $2,487,000 after purchasing an additional 869 shares in the last quarter. AXS Investments LLC boosted its stake in shares of Lockheed Martin by 662.8% in the 4th quarter. AXS Investments LLC now owns 1,373 shares of the aerospace company’s stock valued at $622,000 after buying an additional 1,193 shares during the period. Balboa Wealth Partners grew its position in shares of Lockheed Martin by 11.0% during the fourth quarter. Balboa Wealth Partners now owns 1,153 shares of the aerospace company’s stock worth $522,000 after buying an additional 114 shares in the last quarter. Finally, 1620 Investment Advisors Inc. purchased a new stake in shares of Lockheed Martin during the fourth quarter worth approximately $389,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Stock Performance

LMT stock traded down $0.64 during trading on Friday, hitting $466.44. The company had a trading volume of 290,638 shares, compared to its average volume of 1,081,084. The firm has a 50-day moving average price of $457.24 and a 200-day moving average price of $447.25. The company has a quick ratio of 1.11, a current ratio of 1.30 and a debt-to-equity ratio of 2.89. The firm has a market cap of $111.92 billion, a PE ratio of 17.05, a price-to-earnings-growth ratio of 4.42 and a beta of 0.46. Lockheed Martin Co. has a 1-year low of $393.77 and a 1-year high of $479.50.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share for the quarter, topping the consensus estimate of $5.80 by $0.53. Lockheed Martin had a return on equity of 85.96% and a net margin of 9.73%. The firm had revenue of $17.20 billion during the quarter, compared to the consensus estimate of $16.04 billion. During the same period last year, the company earned $6.43 earnings per share. The company’s revenue for the quarter was up 13.7% on a year-over-year basis. On average, analysts expect that Lockheed Martin Co. will post 26.17 earnings per share for the current year.

Lockheed Martin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 3rd will be issued a dividend of $3.15 per share. The ex-dividend date is Monday, June 3rd. This represents a $12.60 annualized dividend and a yield of 2.70%. Lockheed Martin’s dividend payout ratio (DPR) is currently 46.10%.

Insider Activity at Lockheed Martin

In other news, SVP Maryanne Lavan sold 4,022 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total value of $1,747,116.58. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, insider Gregory M. Ulmer sold 6,204 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at approximately $5,434,718.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Maryanne Lavan sold 4,022 shares of the 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,874 shares of company stock valued at $7,249,946. 0.17% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on LMT. The Goldman Sachs Group decreased their price target on shares of Lockheed Martin from $380.00 to $377.00 and set a “sell” rating for the company in a research note on Tuesday, April 23rd. Deutsche Bank Aktiengesellschaft increased their target price on Lockheed Martin from $467.00 to $487.00 and gave the company a “hold” rating in a report on Thursday, April 25th. Citigroup increased their price objective on Lockheed Martin from $508.00 to $525.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Wells Fargo & Company upped their price target on Lockheed Martin from $460.00 to $480.00 and gave the company an “equal weight” rating in a report on Thursday, April 25th. Finally, StockNews.com upgraded shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 25th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Lockheed Martin presently has a consensus rating of “Hold” and a consensus target price of $485.40.

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.