Lockheed Martin Co. (NYSE:LMT) Shares Sold by Menlo Advisors LLC

Menlo Advisors LLC lessened its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 4.6% in the fourth quarter, Holdings Channel reports. The firm owned 11,805 shares of the aerospace company’s stock after selling 575 shares during the period. Lockheed Martin accounts for 2.9% of Menlo Advisors LLC’s investment portfolio, making the stock its 13th biggest position. Menlo Advisors LLC’s holdings in Lockheed Martin were worth $5,736,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LMT. Klingman & Associates LLC boosted its holdings in Lockheed Martin by 1.1% in the 3rd quarter. Klingman & Associates LLC now owns 1,729 shares of the aerospace company’s stock worth $1,011,000 after acquiring an additional 19 shares during the period. Platform Technology Partners lifted its stake in Lockheed Martin by 0.5% during the third quarter. Platform Technology Partners now owns 4,122 shares of the aerospace company’s stock worth $2,409,000 after purchasing an additional 19 shares during the last quarter. Assetmark Inc. lifted its stake in Lockheed Martin by 1.3% during the third quarter. Assetmark Inc. now owns 1,470 shares of the aerospace company’s stock worth $859,000 after purchasing an additional 19 shares during the last quarter. Vinva Investment Management Ltd increased its position in Lockheed Martin by 3.0% in the third quarter. Vinva Investment Management Ltd now owns 656 shares of the aerospace company’s stock worth $382,000 after buying an additional 19 shares during the period. Finally, Sittner & Nelson LLC increased its position in Lockheed Martin by 4.5% in the third quarter. Sittner & Nelson LLC now owns 467 shares of the aerospace company’s stock worth $273,000 after buying an additional 20 shares during the period. Institutional investors and hedge funds own 74.19% of the company’s stock.

Insider Transactions at Lockheed Martin

In other news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the company’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $442.42, for a total transaction 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Harry Edward Paul III sold 707 shares of the company’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $442.61, for a total value of $312,925.27. Following the transaction, the vice president now directly owns 2,278 shares in the company, valued at $1,008,265.58. This trade represents a 23.69 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,133 shares of company stock worth $3,155,916. Insiders own 0.17% of the company’s stock.

Lockheed Martin Stock Performance

LMT opened at $460.71 on Thursday. The stock has a market cap of $108.45 billion, a PE ratio of 20.70, a P/E/G ratio of 2.07 and a beta of 0.43. 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 Co. has a 1 year low of $419.70 and a 1 year high of $618.95. The stock’s 50 day simple moving average is $463.76 and its 200-day simple moving average is $522.84.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share 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 forecast that Lockheed Martin Co. will post 27.15 EPS for the current year.

Lockheed Martin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be issued a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a dividend yield of 2.87%. The ex-dividend date is Monday, March 3rd. Lockheed Martin’s payout ratio is presently 59.30%.

Wall Street Analysts Forecast Growth

LMT has been the topic of a number of research analyst reports. Barclays lowered their price target on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a report on Monday, January 6th. Citigroup lowered their target price on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a research note on Tuesday, January 21st. Susquehanna lowered their target price on Lockheed Martin from $590.00 to $550.00 and set a “positive” rating on the stock in a research note on Wednesday, January 29th. JPMorgan Chase & Co. reduced their price target on Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. Finally, UBS Group reduced their price target on Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating for the company 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $553.67.

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.