Lockheed Martin Co. (NYSE:LMT) Stock Holdings Lessened by HM Payson & Co.

HM Payson & Co. cut its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 1.7% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,820 shares of the aerospace company’s stock after selling 166 shares during the period. HM Payson & Co.’s holdings in Lockheed Martin were worth $4,772,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Itau Unibanco Holding S.A. purchased a new position in shares of Lockheed Martin during the 3rd quarter valued at $26,000. Heck Capital Advisors LLC purchased a new position in Lockheed Martin in the fourth quarter valued at about $35,000. Capital Performance Advisors LLP purchased a new position in Lockheed Martin in the third quarter valued at about $40,000. Legacy Investment Solutions LLC acquired a new position in Lockheed Martin in the 3rd quarter worth about $42,000. Finally, Sugar Maple Asset Management LLC purchased a new stake in shares of Lockheed Martin during the 4th quarter worth about $47,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Stock Up 2.8 %

Shares of LMT stock opened at $474.31 on Friday. Lockheed Martin Co. has a 12 month low of $419.70 and a 12 month high of $618.95. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10. The firm has a market cap of $111.65 billion, a PE ratio of 21.31, a price-to-earnings-growth ratio of 2.07 and a beta of 0.43. The stock has a 50 day moving average of $462.89 and a 200-day moving average of $521.83.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data 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%. On average, equities analysts predict that Lockheed Martin Co. will post 27.15 EPS for the current year.

Lockheed Martin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be paid a $3.30 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.78%. Lockheed Martin’s dividend payout ratio (DPR) is presently 59.30%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on LMT. Morgan Stanley lowered their price target on Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 29th. Susquehanna dropped their price target on shares of Lockheed Martin from $590.00 to $550.00 and set a “positive” rating on the stock in a research note on Wednesday, January 29th. Wells Fargo & Company upped their price objective on shares of Lockheed Martin from $468.00 to $476.00 and gave the stock an “equal weight” rating in a report on Friday. JPMorgan Chase & Co. lowered their target price on shares of Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Finally, StockNews.com cut Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Friday, January 31st. 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 issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $554.20.

Insider Activity at Lockheed Martin

In other Lockheed Martin news, 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 transaction of $1,421,495.46. Following the transaction, the insider now owns 2,000 shares of the company’s stock, valued at approximately $884,840. This represents a 61.63 % 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, VP Harry Edward Paul III sold 707 shares of the stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $442.61, for a total value of $312,925.27. Following the completion of the transaction, the vice president now owns 2,278 shares in the company, valued at $1,008,265.58. The trade was a 23.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,133 shares of company stock valued at $3,155,916 over the last ninety days. 0.17% of the stock is owned by 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.