Sigma Investment Counselors Inc. Trims Stake in Lockheed Martin Co. (NYSE:LMT)

Sigma Investment Counselors Inc. lessened its holdings in Lockheed Martin Co. (NYSE:LMTFree Report) by 4.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 885 shares of the aerospace company’s stock after selling 43 shares during the period. Sigma Investment Counselors Inc.’s holdings in Lockheed Martin were worth $401,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Herold Advisors Inc. boosted its position in shares of Lockheed Martin by 8.6% during the third quarter. Herold Advisors Inc. now owns 3,448 shares of the aerospace company’s stock valued at $1,410,000 after buying an additional 274 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Lockheed Martin by 3.8% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,088 shares of the aerospace company’s stock worth $8,624,000 after purchasing an additional 770 shares in the last quarter. Alethea Capital Management LLC acquired a new position in shares of Lockheed Martin in the 3rd quarter valued at $415,000. Meridian Wealth Management LLC increased its position in shares of Lockheed Martin by 149.0% in the 3rd quarter. Meridian Wealth Management LLC now owns 11,960 shares of the aerospace company’s stock valued at $4,892,000 after acquiring an additional 7,156 shares during the period. Finally, Central Bank & Trust Co. boosted its holdings in Lockheed Martin by 1.6% in the third quarter. Central Bank & Trust Co. now owns 3,305 shares of the aerospace company’s stock valued at $1,352,000 after purchasing an additional 51 shares during the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on LMT shares. Susquehanna lowered their price target on shares of Lockheed Martin from $550.00 to $540.00 and set a “positive” rating on the stock in a report on Wednesday, January 24th. Royal Bank of Canada cut their price objective on shares of Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating for the company in a report on Wednesday, January 24th. UBS Group cut their price objective on shares of Lockheed Martin from $488.00 to $475.00 and set a “neutral” rating for the company in a report on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Lockheed Martin from $438.00 to $472.00 in a report on Monday, January 22nd. Finally, Morgan Stanley lowered their price objective on shares of Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 24th. Nine investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $491.92.

Get Our Latest Stock Report on Lockheed Martin

Lockheed Martin Stock Performance

NYSE LMT traded up $0.99 during trading on Tuesday, reaching $453.78. The company’s stock had a trading volume of 229,149 shares, compared to its average volume of 1,152,796. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.03 and a current ratio of 1.21. The firm has a market cap of $109.13 billion, a price-to-earnings ratio of 16.50, a P/E/G ratio of 4.15 and a beta of 0.48. Lockheed Martin Co. has a twelve month low of $393.77 and a twelve month high of $508.10. The business’s fifty day moving average price is $433.19 and its 200-day moving average price is $439.30.

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

Lockheed Martin Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 1st were paid a $3.15 dividend. The ex-dividend date was Thursday, February 29th. This represents a $12.60 dividend on an annualized basis and a yield of 2.78%. Lockheed Martin’s dividend payout ratio is presently 45.74%.

Insider Buying and Selling at Lockheed Martin

In other news, SVP Maryanne Lavan sold 4,022 shares of Lockheed Martin stock in a transaction dated 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 this hyperlink. In other news, SVP Maryanne Lavan sold 4,022 shares of Lockheed Martin stock in a transaction dated 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 this hyperlink. Also, insider Gregory M. Ulmer sold 6,204 shares of Lockheed Martin stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $431.19, for a total transaction of $2,675,102.76. Following the completion of 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. Over the last three months, insiders have sold 16,874 shares of company stock worth $7,249,946. 0.14% of the stock is owned by company insiders.

About Lockheed Martin

(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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