Alley Investment Management Company LLC Has $15.29 Million Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

Alley Investment Management Company LLC lessened its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 10.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 31,460 shares of the aerospace company’s stock after selling 3,515 shares during the quarter. Lockheed Martin makes up approximately 1.9% of Alley Investment Management Company LLC’s portfolio, making the stock its 21st largest position. Alley Investment Management Company LLC’s holdings in Lockheed Martin were worth $15,288,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in LMT. Optas LLC lifted its position in shares of Lockheed Martin by 6.0% during the 3rd quarter. Optas LLC now owns 532 shares of the aerospace company’s stock worth $311,000 after purchasing an additional 30 shares during the last quarter. Lodestone Wealth Management LLC acquired a new position in Lockheed Martin in the 3rd quarter valued at approximately $209,000. BSW Wealth Partners acquired a new position in Lockheed Martin in the 3rd quarter valued at approximately $490,000. Lansing Street Advisors acquired a new position in Lockheed Martin in the 3rd quarter valued at approximately $213,000. Finally, Donaldson Capital Management LLC raised its holdings in Lockheed Martin by 1.3% in the 3rd quarter. Donaldson Capital Management LLC now owns 125,271 shares of the aerospace company’s stock valued at $73,229,000 after acquiring an additional 1,598 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Insiders Place Their Bets

In other Lockheed Martin news, VP Harry Edward Paul III sold 707 shares of the company’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $442.61, for a total transaction of $312,925.27. Following the transaction, the vice president now owns 2,278 shares of the company’s stock, valued at approximately $1,008,265.58. This represents a 23.69 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the company’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $442.42, for a total value of $1,421,495.46. Following the transaction, the insider now directly owns 2,000 shares in the company, valued at approximately $884,840. This represents a 61.63 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,133 shares of company stock valued at $3,155,916. 0.17% of the stock is currently owned by corporate insiders.

Lockheed Martin Stock Up 0.2 %

NYSE LMT opened at $451.44 on Tuesday. The firm has a market cap of $106.26 billion, a PE ratio of 20.28, a price-to-earnings-growth ratio of 2.07 and a beta of 0.43. Lockheed Martin Co. has a one year low of $419.70 and a one year high of $618.95. The stock’s 50 day simple moving average is $465.09 and its 200 day simple moving average is $524.06. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, topping analysts’ consensus estimates of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. As a group, sell-side analysts forecast that Lockheed Martin Co. will post 27.15 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 28th. Shareholders of record on Monday, March 3rd will be issued a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a yield of 2.92%. The ex-dividend date is Monday, March 3rd. Lockheed Martin’s dividend payout ratio is 59.30%.

Analyst Ratings Changes

Several equities analysts have commented on the company. Barclays cut their price target on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a report on Monday, January 6th. Wells Fargo & Company cut their price target on Lockheed Martin from $497.00 to $468.00 and set an “equal weight” rating for the company in a report on Wednesday, February 26th. UBS Group cut their price target on Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating for the company in a report on Wednesday, January 29th. Royal Bank of Canada cut their price target on Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating for the company in a report on Wednesday, January 29th. Finally, Morgan Stanley cut their price target on Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating for the company in a report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Lockheed Martin currently has an average rating of “Moderate Buy” and an average target price of $553.67.

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.