Sunbelt Securities Inc. Sells 793 Shares of Lockheed Martin Corporation $LMT

Sunbelt Securities Inc. trimmed its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 19.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 3,331 shares of the aerospace company’s stock after selling 793 shares during the period. Sunbelt Securities Inc.’s holdings in Lockheed Martin were worth $1,663,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC boosted its holdings in Lockheed Martin by 5.0% in the fourth quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock worth $1,941,000 after acquiring an additional 191 shares in the last quarter. Sivia Capital Partners LLC grew its stake in shares of Lockheed Martin by 5.4% in the second quarter. Sivia Capital Partners LLC now owns 973 shares of the aerospace company’s stock worth $451,000 after acquiring an additional 50 shares during the last quarter. Schnieders Capital Management LLC. increased its holdings in shares of Lockheed Martin by 17.3% during the second quarter. Schnieders Capital Management LLC. now owns 1,460 shares of the aerospace company’s stock valued at $676,000 after acquiring an additional 215 shares in the last quarter. Dorsey & Whitney Trust CO LLC increased its holdings in shares of Lockheed Martin by 1.6% during the second quarter. Dorsey & Whitney Trust CO LLC now owns 2,116 shares of the aerospace company’s stock valued at $980,000 after acquiring an additional 33 shares in the last quarter. Finally, United Advisor Group LLC raised its position in shares of Lockheed Martin by 8.8% in the 2nd quarter. United Advisor Group LLC now owns 1,323 shares of the aerospace company’s stock worth $613,000 after purchasing an additional 107 shares during the last quarter. 74.19% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on LMT shares. Robert W. Baird increased their price objective on shares of Lockheed Martin from $550.00 to $640.00 and gave the company an “outperform” rating in a research report on Friday, January 16th. UBS Group lifted their target price on shares of Lockheed Martin from $580.00 to $663.00 and gave the stock a “neutral” rating in a report on Monday, February 2nd. BNP Paribas Exane upped their target price on shares of Lockheed Martin from $550.00 to $570.00 and gave the stock an “outperform” rating in a research note on Thursday, January 8th. Sanford C. Bernstein reissued a “market perform” rating and set a $654.00 price target on shares of Lockheed Martin in a research report on Friday, February 6th. Finally, The Goldman Sachs Group boosted their price objective on shares of Lockheed Martin from $464.00 to $517.00 and gave the stock a “sell” rating in a report on Monday, February 2nd. Six investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $623.16.

Lockheed Martin Price Performance

Shares of NYSE:LMT opened at $641.29 on Thursday. The company has a debt-to-equity ratio of 3.05, a quick ratio of 0.94 and a current ratio of 1.09. The firm has a market cap of $147.55 billion, a price-to-earnings ratio of 29.84, a price-to-earnings-growth ratio of 1.15 and a beta of 0.22. The business has a 50-day simple moving average of $624.38 and a two-hundred day simple moving average of $529.19. Lockheed Martin Corporation has a fifty-two week low of $410.11 and a fifty-two week high of $692.00.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Thursday, January 29th. The aerospace company reported $5.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.33 by ($0.53). Lockheed Martin had a net margin of 6.69% and a return on equity of 108.53%. The company had revenue of $20.32 billion for the quarter, compared to analysts’ expectations of $19.84 billion. During the same period in the previous year, the business earned $7.67 EPS. The business’s revenue was up 9.1% compared to the same quarter last year. On average, analysts expect that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Monday, March 2nd will be issued a dividend of $3.45 per share. This represents a $13.80 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Monday, March 2nd. Lockheed Martin’s dividend payout ratio is presently 64.22%.

About Lockheed Martin

Lockheed Martin Corporation (NYSE: LMT) is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.

Lockheed Martin’s product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.