Lockheed Martin Co. (NYSE:LMT) Stock Position Trimmed by DT Investment Partners LLC

DT Investment Partners LLC cut its position in Lockheed Martin Co. (NYSE:LMT) by 7.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 893 shares of the aerospace company’s stock after selling 75 shares during the quarter. DT Investment Partners LLC’s holdings in Lockheed Martin were worth $434,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. First Merchants Corp raised its position in shares of Lockheed Martin by 0.4% during the 4th quarter. First Merchants Corp now owns 16,212 shares of the aerospace company’s stock worth $7,878,000 after buying an additional 71 shares in the last quarter. Rooted Wealth Advisors Inc. raised its position in shares of Lockheed Martin by 55.4% during the 4th quarter. Rooted Wealth Advisors Inc. now owns 1,139 shares of the aerospace company’s stock worth $528,000 after buying an additional 406 shares in the last quarter. Root Financial Partners LLC bought a new stake in shares of Lockheed Martin during the 4th quarter worth about $251,000. Vontobel Holding Ltd. raised its position in shares of Lockheed Martin by 95.0% during the 4th quarter. Vontobel Holding Ltd. now owns 3,702 shares of the aerospace company’s stock worth $1,799,000 after buying an additional 1,804 shares in the last quarter. Finally, Bogart Wealth LLC raised its position in shares of Lockheed Martin by 1.0% during the 4th quarter. Bogart Wealth LLC now owns 19,858 shares of the aerospace company’s stock worth $9,650,000 after buying an additional 203 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Morgan Stanley dropped their price target on shares of Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 29th. Citigroup dropped their target price on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a report on Tuesday, January 21st. Royal Bank of Canada dropped their target price on shares of Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating on the stock in a report on Wednesday, January 29th. Robert W. Baird boosted their target price on shares of Lockheed Martin from $519.00 to $626.00 in a report on Tuesday, October 22nd. Finally, StockNews.com downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating in a report on Friday, January 31st. 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 company’s stock. According to data from MarketBeat, Lockheed Martin currently has an average rating of “Moderate Buy” and an average target price of $555.60.

Lockheed Martin Stock Performance

Lockheed Martin stock opened at $434.36 on Friday. The firm’s 50 day simple moving average is $480.54 and its 200-day simple moving average is $534.28. The company has a market cap of $102.24 billion, a P/E ratio of 19.51, a price-to-earnings-growth ratio of 2.12 and a beta of 0.48. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95. Lockheed Martin Co. has a fifty-two week low of $413.92 and a fifty-two week high of $618.95.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, topping the consensus estimate 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, equities research analysts predict that Lockheed Martin Co. will post 27.14 EPS for the current year.

Lockheed Martin Announces Dividend

The company 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. This represents a $13.20 annualized dividend and a dividend yield of 3.04%. The ex-dividend date is Monday, March 3rd. Lockheed Martin’s dividend payout ratio (DPR) is currently 59.30%.

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.