Navalign LLC Lowers Holdings in Lockheed Martin Co. (NYSE:LMT)

Navalign LLC lowered its holdings in Lockheed Martin Co. (NYSE:LMT) by 35.7% in the 4th quarter, Holdings Channel reports. The firm owned 454 shares of the aerospace company’s stock after selling 252 shares during the period. Navalign LLC’s holdings in Lockheed Martin were worth $206,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of LMT. Lee Financial Co raised its stake in shares of Lockheed Martin by 367.6% in the first quarter. Lee Financial Co now owns 477 shares of the aerospace company’s stock worth $210,000 after purchasing an additional 375 shares during the last quarter. Vontobel Holding Ltd. grew its holdings in shares of Lockheed Martin by 240.0% in the first quarter. Vontobel Holding Ltd. now owns 4,124 shares of the aerospace company’s stock worth $1,821,000 after acquiring an additional 2,911 shares during the period. Sei Investments Co. grew its holdings in Lockheed Martin by 56.8% during the first quarter. Sei Investments Co. now owns 23,153 shares of the aerospace company’s stock valued at $9,995,000 after purchasing an additional 8,389 shares during the period. NewEdge Advisors LLC grew its holdings in Lockheed Martin by 18.4% during the first quarter. NewEdge Advisors LLC now owns 28,807 shares of the aerospace company’s stock valued at $12,716,000 after purchasing an additional 4,472 shares during the period. Finally, Mackenzie Financial Corp grew its holdings in Lockheed Martin by 20.4% during the first quarter. Mackenzie Financial Corp now owns 107,366 shares of the aerospace company’s stock valued at $47,391,000 after purchasing an additional 18,201 shares during the period. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Insider Buying and Selling

In related news, COO John Frank A. St sold 6,648 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $425.35, for a total value of $2,827,726.80. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Lockheed Martin news, COO John Frank A. St sold 6,648 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $425.35, for a total transaction of $2,827,726.80. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Maryanne Lavan sold 4,022 shares of the stock in a transaction 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 disclosure for this sale can be found here. Insiders have sold a total of 16,874 shares of company stock valued at $7,249,946 over the last quarter. 0.17% of the stock is owned by corporate insiders.

Lockheed Martin Trading Down 0.4 %

Shares of LMT traded down $1.91 during mid-day trading on Friday, reaching $454.87. 1,119,541 shares of the company’s stock traded hands, compared to its average volume of 1,200,722. The stock has a market cap of $109.39 billion, a P/E ratio of 16.51, a P/E/G ratio of 4.17 and a beta of 0.48. The stock’s 50-day moving average is $433.47 and its two-hundred day moving average is $438.48. Lockheed Martin Co. has a 12 month low of $393.77 and a 12 month high of $508.10. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.21 and a quick ratio of 1.03.

Lockheed Martin (NYSE:LMT) last released its earnings results 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 firm had revenue of $18.87 billion for the quarter, compared to analysts’ expectations of $17.96 billion. Lockheed Martin had a return on equity of 79.91% and a net margin of 10.24%. The company’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $7.79 earnings per share. Research analysts forecast that Lockheed Martin Co. will post 26.13 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 1st will be paid a $3.15 dividend. The ex-dividend date is Thursday, February 29th. This represents a $12.60 annualized dividend and a yield of 2.77%. Lockheed Martin’s dividend payout ratio (DPR) is currently 45.74%.

Wall Street Analyst Weigh In

Several research firms have issued reports on LMT. Morgan Stanley cut their price target on Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating for the company in a report on Wednesday, January 24th. Citigroup decreased their target price on Lockheed Martin from $540.00 to $508.00 and set a “buy” rating on the stock in a research report on Wednesday, January 24th. UBS Group decreased their target price on Lockheed Martin from $488.00 to $475.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft boosted their target price on Lockheed Martin from $438.00 to $472.00 in a research report on Monday, January 22nd. Finally, Royal Bank of Canada decreased their target price on 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. Nine analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $491.92.

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.