Securian Asset Management Inc. Sells 398 Shares of Lockheed Martin Co. (NYSE:LMT)

Securian Asset Management Inc. lessened its stake in Lockheed Martin Co. (NYSE:LMT) by 3.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,332 shares of the aerospace company’s stock after selling 398 shares during the period. Securian Asset Management Inc.’s holdings in Lockheed Martin were worth $5,507,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in LMT. Truvestments Capital LLC increased its holdings in shares of Lockheed Martin by 5.5% during the fourth quarter. Truvestments Capital LLC now owns 6,457 shares of the aerospace company’s stock worth $3,138,000 after buying an additional 339 shares in the last quarter. Hopwood Financial Services Inc. acquired a new stake in Lockheed Martin in the 4th quarter valued at $476,000. Farther Finance Advisors LLC increased its stake in Lockheed Martin by 20.9% in the 4th quarter. Farther Finance Advisors LLC now owns 5,843 shares of the aerospace company’s stock valued at $2,839,000 after buying an additional 1,010 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake in shares of Lockheed Martin by 5.2% during the 4th quarter. Sequoia Financial Advisors LLC now owns 12,923 shares of the aerospace company’s stock worth $6,280,000 after purchasing an additional 635 shares during the last quarter. Finally, PFG Advisors boosted its holdings in shares of Lockheed Martin by 5.2% during the 4th quarter. PFG Advisors now owns 3,103 shares of the aerospace company’s stock worth $1,508,000 after buying an additional 152 shares during the period. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

Lockheed Martin stock opened at $469.40 on Wednesday. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95. The firm has a market capitalization of $110.49 billion, a P/E ratio of 21.09, a price-to-earnings-growth ratio of 2.07 and a beta of 0.43. The company’s 50-day moving average is $462.46 and its 200 day moving average is $520.20. Lockheed Martin Co. has a 1-year low of $419.70 and a 1-year high of $618.95.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, beating analysts’ consensus estimates of $6.58 by $1.09. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. Research analysts forecast that Lockheed Martin Co. will post 27.15 EPS for the current year.

Lockheed Martin Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be given a $3.30 dividend. The ex-dividend date is Monday, March 3rd. This represents a $13.20 annualized dividend and a dividend yield of 2.81%. Lockheed Martin’s dividend payout ratio (DPR) is 59.30%.

Analyst Upgrades and Downgrades

LMT has been the topic of a number of recent research reports. JPMorgan Chase & Co. lowered their price objective on Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. Barclays cut their target price on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a report on Monday, January 6th. Susquehanna cut their target price on Lockheed Martin from $590.00 to $550.00 and set a “positive” rating on the stock in a report on Wednesday, January 29th. UBS Group lowered their price objective on Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating for the company in a research report on Wednesday, January 29th. Finally, StockNews.com lowered Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $554.20.

Insider Buying and Selling

In related news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of Lockheed Martin stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $442.42, for a total value of $1,421,495.46. Following the completion of the transaction, the insider now owns 2,000 shares in the company, valued at approximately $884,840. The trade was a 61.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Harry Edward Paul III sold 707 shares of the company’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $442.61, for a total transaction of $312,925.27. Following the completion of the transaction, the vice president now owns 2,278 shares of the company’s stock, valued at approximately $1,008,265.58. The trade was a 23.69 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,133 shares of company stock worth $3,155,916. 0.17% of the stock is owned by insiders.

Lockheed Martin 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.