Robert M. Lightfoot, Jr. Sells 3,213 Shares of Lockheed Martin Co. (NYSE:LMT) Stock

Lockheed Martin Co. (NYSE:LMT) 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 sale, 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 sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Lockheed Martin Stock Up 0.8 %

LMT stock opened at $450.19 on Friday. Lockheed Martin Co. has a 1-year low of $419.70 and a 1-year high of $618.95. The business’s 50 day simple moving average is $465.79 and its 200 day simple moving average is $525.34. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10. The firm has a market capitalization of $105.97 billion, a PE ratio of 20.22, a PEG ratio of 2.07 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last released 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 net margin of 7.51% and a return on equity of 101.47%. As a group, research analysts anticipate that Lockheed Martin Co. will post 27.15 EPS for the current year.

Lockheed Martin Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be issued a $3.30 dividend. The ex-dividend date is Monday, March 3rd. This represents a $13.20 annualized dividend and a yield of 2.93%. Lockheed Martin’s dividend payout ratio is currently 59.30%.

Institutional Investors Weigh In On Lockheed Martin

Several hedge funds have recently bought and sold shares of the stock. BridgePort Financial Solutions LLC bought a new position in shares of Lockheed Martin during the fourth quarter worth approximately $324,000. Park Square Financial Group LLC acquired a new position in Lockheed Martin in the 4th quarter valued at $149,000. Total Wealth Planning & Management Inc. bought a new position in Lockheed Martin during the 4th quarter worth $721,000. Fidelity D & D Bancorp Inc. lifted its holdings in shares of Lockheed Martin by 18.4% during the fourth quarter. Fidelity D & D Bancorp Inc. now owns 805 shares of the aerospace company’s stock worth $391,000 after buying an additional 125 shares in the last quarter. Finally, Brucke Financial Inc. bought a new stake in shares of Lockheed Martin in the fourth quarter valued at about $247,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LMT has been the subject of several research reports. JPMorgan Chase & Co. decreased their price target on shares of Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. Citigroup decreased their target price on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a research report on Tuesday, January 21st. Barclays cut their price target on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a research report on Monday, January 6th. Susquehanna decreased their price objective on Lockheed Martin from $590.00 to $550.00 and set a “positive” rating for the company in a report on Wednesday, January 29th. Finally, Royal Bank of Canada dropped their target price on Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating on the stock in a report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus 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.