NBW Capital LLC Sells 40 Shares of Lockheed Martin Co. (NYSE:LMT)

NBW Capital LLC lowered its position in Lockheed Martin Co. (NYSE:LMT) by 7.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 482 shares of the aerospace company’s stock after selling 40 shares during the period. NBW Capital LLC’s holdings in Lockheed Martin were worth $218,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in shares of Lockheed Martin by 73.0% during the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 64 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 27 shares during the last quarter. Activest Wealth Management lifted its holdings in shares of Lockheed Martin by 1,200.0% in the 4th quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 60 shares during the last quarter. Coppell Advisory Solutions Corp. bought a new position in shares of Lockheed Martin in the 4th quarter valued at about $31,000. Milestone Investment Advisors LLC bought a new position in shares of Lockheed Martin in the 3rd quarter valued at about $33,000. Finally, Providence Capital Advisors LLC bought a new position in shares of Lockheed Martin in the 3rd quarter valued at about $35,000. Institutional investors own 74.19% of the company’s stock.

Insider Transactions at Lockheed Martin

In related news, COO John Frank A. St sold 6,648 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were 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 Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Gregory M. Ulmer sold 6,204 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were 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 filing with the SEC, which is available at the SEC website. Also, COO John Frank A. St sold 6,648 shares of the firm’s 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,874 shares of company stock worth $7,249,946. Company insiders own 0.17% of the company’s stock.

Lockheed Martin Price Performance

Shares of LMT opened at $456.09 on Friday. The company has a market cap of $109.69 billion, a price-to-earnings ratio of 16.55, a price-to-earnings-growth ratio of 4.16 and a beta of 0.48. Lockheed Martin Co. has a twelve month low of $393.77 and a twelve month high of $503.33. 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 company has a 50 day moving average of $439.25 and a two-hundred day moving average of $442.21.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, January 23rd. The aerospace company reported $7.90 EPS for the quarter, topping the consensus estimate of $7.26 by $0.64. Lockheed Martin had a net margin of 10.24% and a return on equity of 79.91%. The business had revenue of $18.87 billion during the quarter, compared to the consensus estimate of $17.96 billion. During the same period in the previous year, the firm posted $7.79 earnings per share. The business’s revenue for the quarter was down .6% compared to the same quarter last year. As a group, 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 disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 1st were paid a dividend of $3.15 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $12.60 annualized dividend and a dividend yield of 2.76%. Lockheed Martin’s payout ratio is currently 45.74%.

Analyst Ratings Changes

A number of analysts recently weighed in on LMT shares. JPMorgan Chase & Co. raised shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $475.00 to $518.00 in a research report on Monday. Royal Bank of Canada reduced their price objective on shares of 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. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Lockheed Martin from $438.00 to $472.00 in a research report on Monday, January 22nd. Citigroup reduced their target price on shares of Lockheed Martin from $540.00 to $508.00 and set a “buy” rating on the stock in a research report on Wednesday, January 24th. Finally, UBS Group reduced their target price on shares of Lockheed Martin from $488.00 to $475.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 24th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $493.36.

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.