Enterprise Financial Services Corp Cuts Position in Lockheed Martin Co. (NYSE:LMT)

Enterprise Financial Services Corp decreased its holdings in Lockheed Martin Co. (NYSE:LMT) by 4.2% in the fourth quarter, Holdings Channel reports. The firm owned 1,198 shares of the aerospace company’s stock after selling 52 shares during the period. Enterprise Financial Services Corp’s holdings in Lockheed Martin were worth $582,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AlphaQuest LLC lifted its position in Lockheed Martin by 39.1% during the 4th quarter. AlphaQuest LLC now owns 3,531 shares of the aerospace company’s stock worth $1,716,000 after acquiring an additional 992 shares during the period. Miramar Capital LLC increased its stake in shares of Lockheed Martin by 4.4% in the 4th quarter. Miramar Capital LLC now owns 22,328 shares of the aerospace company’s stock valued at $10,850,000 after purchasing an additional 937 shares in the last quarter. Coordinated Financial Services Inc. purchased a new position in shares of Lockheed Martin in the 4th quarter valued at about $297,000. Atlantic Union Bankshares Corp increased its stake in Lockheed Martin by 200.5% during the 4th quarter. Atlantic Union Bankshares Corp now owns 6,551 shares of the aerospace company’s stock worth $3,183,000 after buying an additional 4,371 shares in the last quarter. Finally, Amundi increased its stake in Lockheed Martin by 5.6% during the 4th quarter. Amundi now owns 22,132 shares of the aerospace company’s stock worth $10,377,000 after buying an additional 1,179 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Trading Up 2.8 %

NYSE:LMT opened at $474.31 on Friday. The firm has a market cap of $111.65 billion, a PE ratio of 21.31, a price-to-earnings-growth ratio of 2.07 and a beta of 0.43. The stock has a fifty day moving average price of $462.89 and a 200 day moving average price of $521.59. Lockheed Martin Co. has a 12-month low of $419.70 and a 12-month high of $618.95. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10.

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

Lockheed Martin Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be given a $3.30 dividend. This represents a $13.20 annualized dividend and a yield of 2.78%. The ex-dividend date of this dividend is Monday, March 3rd. Lockheed Martin’s dividend payout ratio (DPR) is presently 59.30%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Morgan Stanley cut their price objective on Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 29th. Royal Bank of Canada cut their price objective on Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating for the company in a research note on Wednesday, January 29th. JPMorgan Chase & Co. cut their price objective on 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 cut their price objective on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a research note on Tuesday, January 21st. 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 given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $554.20.

Insider Buying and Selling at Lockheed Martin

In related news, VP Harry Edward Paul III sold 707 shares of Lockheed Martin stock in a transaction that occurred on Wednesday, February 26th. The stock was 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 directly owns 2,278 shares in the company, valued at $1,008,265.58. The trade was a 23.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of Lockheed Martin stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $442.42, for a total value of $1,421,495.46. Following the transaction, the insider now owns 2,000 shares of the company’s stock, valued at $884,840. This represents a 61.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,133 shares of company stock valued at $3,155,916. 0.17% of the stock is owned by corporate 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.