Diversified LLC Reduces Stock Position in Lockheed Martin Co. (NYSE:LMT)

Diversified LLC lessened its holdings in Lockheed Martin Co. (NYSE:LMT) by 8.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,814 shares of the aerospace company’s stock after selling 260 shares during the period. Diversified LLC’s holdings in Lockheed Martin were worth $1,276,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Vontobel Holding Ltd. raised its stake in Lockheed Martin by 60.9% during the 3rd quarter. Vontobel Holding Ltd. now owns 3,385 shares of the aerospace company’s stock worth $1,384,000 after acquiring an additional 1,281 shares during the period. LexAurum Advisors LLC grew its holdings in Lockheed Martin by 7.2% during the 3rd quarter. LexAurum Advisors LLC now owns 493 shares of the aerospace company’s stock valued at $202,000 after buying an additional 33 shares in the last quarter. Traynor Capital Management Inc. grew its holdings in Lockheed Martin by 3.8% during the 3rd quarter. Traynor Capital Management Inc. now owns 7,891 shares of the aerospace company’s stock valued at $3,227,000 after buying an additional 287 shares in the last quarter. Capital Investment Advisors LLC grew its holdings in Lockheed Martin by 2.4% during the 3rd quarter. Capital Investment Advisors LLC now owns 91,238 shares of the aerospace company’s stock valued at $37,313,000 after buying an additional 2,100 shares in the last quarter. Finally, Flagship Harbor Advisors LLC grew its holdings in Lockheed Martin by 2.6% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 2,957 shares of the aerospace company’s stock valued at $1,209,000 after buying an additional 74 shares in the last quarter. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Price Performance

LMT traded up $0.01 during trading on Monday, reaching $463.88. 688,327 shares of the stock were exchanged, compared to its average volume of 1,153,923. 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 Co. has a 1 year low of $393.77 and a 1 year high of $483.53. The business’s 50 day moving average price is $440.00 and its two-hundred day moving average price is $443.17. The company has a market capitalization of $111.56 billion, a price-to-earnings ratio of 16.84, a P/E/G ratio of 4.23 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, January 23rd. The aerospace company reported $7.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.26 by $0.64. Lockheed Martin had a return on equity of 79.91% and a net margin of 10.24%. The business had revenue of $18.87 billion for the quarter, compared to the consensus estimate of $17.96 billion. During the same period in the prior year, the business earned $7.79 earnings per share. The business’s revenue was down .6% on a year-over-year basis. As a group, equities research analysts anticipate that Lockheed Martin Co. will post 26.13 earnings per share for the current year.

Lockheed Martin Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 1st were given 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 yield of 2.72%. Lockheed Martin’s dividend payout ratio (DPR) is presently 45.74%.

Insider Buying and Selling

In other Lockheed Martin news, SVP Maryanne Lavan sold 4,022 shares of the company’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 available through this link. In other Lockheed Martin news, COO John Frank A. St sold 6,648 shares of the company’s stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Maryanne Lavan sold 4,022 shares of the stock in a transaction dated 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. Over the last ninety days, insiders have sold 16,874 shares of company stock worth $7,249,946. 0.14% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

LMT has been the subject of a number of research analyst reports. Royal Bank of Canada cut their price objective on shares of Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating for the company in a report on Wednesday, January 24th. JPMorgan Chase & Co. upgraded Lockheed Martin from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $475.00 to $518.00 in a research note on Monday, April 15th. Citigroup decreased their target price on Lockheed Martin from $540.00 to $508.00 and set a “buy” rating for the company in a research note on Wednesday, January 24th. Susquehanna decreased their target price on Lockheed Martin from $550.00 to $540.00 and set a “positive” rating for the company in a research note on Wednesday, January 24th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Lockheed Martin from $438.00 to $472.00 in a research note on Monday, January 22nd. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $486.78.

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.