KLCM Advisors Inc. Has $455,000 Position in Lockheed Martin Co. (NYSE:LMT)

KLCM Advisors Inc. trimmed its position in shares of Lockheed Martin Co. (NYSE:LMT) by 12.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,003 shares of the aerospace company’s stock after selling 147 shares during the quarter. KLCM Advisors Inc.’s holdings in Lockheed Martin were worth $455,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Triumph Capital Management boosted its holdings in Lockheed Martin by 3.1% during the 3rd quarter. Triumph Capital Management now owns 723 shares of the aerospace company’s stock worth $296,000 after acquiring an additional 22 shares during the last quarter. Abbrea Capital LLC raised its stake in shares of Lockheed Martin by 1.7% during the 3rd quarter. Abbrea Capital LLC now owns 1,397 shares of the aerospace company’s stock worth $571,000 after purchasing an additional 23 shares during the period. Pinnacle Wealth Planning Services Inc. raised its stake in shares of Lockheed Martin by 1.6% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 1,429 shares of the aerospace company’s stock worth $584,000 after purchasing an additional 23 shares during the period. Elevated Capital Advisors LLC raised its stake in shares of Lockheed Martin by 3.5% during the 3rd quarter. Elevated Capital Advisors LLC now owns 709 shares of the aerospace company’s stock worth $290,000 after purchasing an additional 24 shares during the period. Finally, Duncker Streett & Co. Inc. raised its stake in shares of Lockheed Martin by 1.2% during the 3rd quarter. Duncker Streett & Co. Inc. now owns 2,013 shares of the aerospace company’s stock worth $823,000 after purchasing an additional 24 shares during the period. 74.19% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Lockheed Martin

In other news, SVP Maryanne Lavan sold 4,022 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total transaction of $1,747,116.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Gregory M. Ulmer sold 6,204 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $431.19, for a total transaction of $2,675,102.76. Following the completion of the transaction, the insider now owns 12,604 shares of the company’s stock, valued at $5,434,718.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Maryanne Lavan sold 4,022 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was 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 sold 16,874 shares of company stock valued at $7,249,946 in the last quarter. 0.14% of the stock is currently owned by corporate insiders.

Lockheed Martin Stock Performance

Lockheed Martin stock traded up $1.23 during midday trading on Wednesday, reaching $454.31. The stock had a trading volume of 1,452,309 shares, compared to its average volume of 984,293. The company has a quick ratio of 1.03, a current ratio of 1.21 and a debt-to-equity ratio of 2.53. The firm has a market capitalization of $109.26 billion, a PE ratio of 16.49, a P/E/G ratio of 4.13 and a beta of 0.48. Lockheed Martin Co. has a 12 month low of $393.77 and a 12 month high of $508.10. The firm’s 50-day moving average price is $438.14 and its 200 day moving average price is $442.02.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, January 23rd. The aerospace company reported $7.90 earnings per share for the quarter, beating analysts’ consensus estimates of $7.26 by $0.64. The business had revenue of $18.87 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $7.79 EPS. As a group, research analysts predict that Lockheed Martin Co. will post 26.13 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 1st were issued a dividend of $3.15 per share. This represents a $12.60 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend was Thursday, February 29th. Lockheed Martin’s payout ratio is presently 45.74%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Citigroup lowered their target price on Lockheed Martin from $540.00 to $508.00 and set a “buy” rating on the stock in a research note on Wednesday, January 24th. Susquehanna lowered their target price on Lockheed Martin from $550.00 to $540.00 and set a “positive” rating on the stock in a research note on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft lifted their target price on Lockheed Martin from $438.00 to $472.00 in a research note on Monday, January 22nd. JPMorgan Chase & Co. upgraded Lockheed Martin from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $475.00 to $518.00 in a research note on Monday. Finally, Morgan Stanley lowered their price objective on Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 24th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $493.36.

Lockheed Martin Company 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.