CX Institutional Sells 1,421 Shares of Lockheed Martin Co. (NYSE:LMT)

CX Institutional lessened its holdings in Lockheed Martin Co. (NYSE:LMTFree Report) by 9.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 13,145 shares of the aerospace company’s stock after selling 1,421 shares during the period. CX Institutional’s holdings in Lockheed Martin were worth $5,958,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Tilia Fiduciary Partners Inc. lifted its holdings in Lockheed Martin by 2.4% during the fourth quarter. Tilia Fiduciary Partners Inc. now owns 1,822 shares of the aerospace company’s stock valued at $826,000 after purchasing an additional 42 shares in the last quarter. Keystone Financial Planning Inc. lifted its holdings in Lockheed Martin by 4.1% during the fourth quarter. Keystone Financial Planning Inc. now owns 2,175 shares of the aerospace company’s stock valued at $986,000 after purchasing an additional 85 shares in the last quarter. Advisor Resource Council purchased a new position in Lockheed Martin during the fourth quarter valued at approximately $528,000. Fortitude Family Office LLC purchased a new position in Lockheed Martin during the fourth quarter valued at approximately $457,000. Finally, Financial Management Professionals Inc. lifted its holdings in shares of Lockheed Martin by 9.4% in the fourth quarter. Financial Management Professionals Inc. now owns 1,111 shares of the aerospace company’s stock worth $504,000 after buying an additional 95 shares in the last quarter. Institutional investors own 74.26% of the company’s stock.

Insider Activity

In related news, SVP Maryanne Lavan sold 4,022 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $434.39, for a total value of $1,747,116.58. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, SVP Maryanne Lavan sold 4,022 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $434.39, for a total value of $1,747,116.58. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Gregory M. Ulmer sold 6,204 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $431.19, for a total transaction of $2,675,102.76. Following the sale, the insider now directly owns 12,604 shares in the company, valued at approximately $5,434,718.76. The disclosure for this sale can be found here. Insiders have sold a total of 16,874 shares of company stock worth $7,249,946 over the last 90 days. 0.17% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

LMT has been the topic of several research analyst reports. Citigroup lowered their target price on shares of Lockheed Martin from $540.00 to $508.00 and set a “buy” rating on the stock in a report on Wednesday, January 24th. Royal Bank of Canada reduced their price target on shares of Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Lockheed Martin from $438.00 to $472.00 in a research report on Monday, January 22nd. Morgan Stanley reduced their price target on shares of Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 24th. Finally, UBS Group reduced their price target on shares of Lockheed Martin from $488.00 to $475.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 24th. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $491.92.

Read Our Latest Stock Analysis on LMT

Lockheed Martin Stock Performance

LMT stock opened at $445.92 on Friday. The firm has a market cap of $107.24 billion, a price-to-earnings ratio of 16.19, a PEG ratio of 4.05 and a beta of 0.48. The firm has a 50-day simple moving average of $434.38 and a two-hundred day simple moving average of $438.02. Lockheed Martin Co. has a one year low of $393.77 and a one year high of $508.10. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.03 and a current ratio of 1.21.

Lockheed Martin (NYSE:LMTGet Free Report) last released its quarterly earnings results on Tuesday, January 23rd. The aerospace company reported $7.90 EPS for the quarter, beating the consensus estimate of $7.26 by $0.64. Lockheed Martin had a net margin of 10.24% and a return on equity of 79.91%. The business had revenue of $18.87 billion during the quarter, compared to analyst estimates of $17.96 billion. During the same period in the prior year, the firm posted $7.79 earnings per share. The company’s quarterly revenue was down .6% on a year-over-year basis. On average, equities analysts forecast that Lockheed Martin Co. will post 26.13 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 1st will be issued a dividend of $3.15 per share. The ex-dividend date is Thursday, February 29th. This represents a $12.60 annualized dividend and a dividend yield of 2.83%. Lockheed Martin’s dividend payout ratio (DPR) is currently 45.74%.

Lockheed Martin Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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