Lockheed Martin Co. (LMT) Position Reduced by Reliance Trust Co. of Delaware

Reliance Trust Co. of Delaware lessened its stake in Lockheed Martin Co. (NYSE:LMT) by 1.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,511 shares of the aerospace company’s stock after selling 36 shares during the quarter. Reliance Trust Co. of Delaware’s holdings in Lockheed Martin were worth $919,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Horan Securities Inc. increased its holdings in shares of Lockheed Martin by 600.0% in the fourth quarter. Horan Securities Inc. now owns 126 shares of the aerospace company’s stock worth $35,000 after acquiring an additional 108 shares in the last quarter. North Star Investment Management Corp. increased its holdings in shares of Lockheed Martin by 43.5% in the fourth quarter. North Star Investment Management Corp. now owns 165 shares of the aerospace company’s stock worth $43,000 after acquiring an additional 50 shares in the last quarter. RPG Investment Advisory LLC increased its holdings in shares of Lockheed Martin by 76.5% in the fourth quarter. RPG Investment Advisory LLC now owns 173 shares of the aerospace company’s stock worth $45,000 after acquiring an additional 75 shares in the last quarter. NuWave Investment Management LLC increased its holdings in shares of Lockheed Martin by 2,075.0% in the fourth quarter. NuWave Investment Management LLC now owns 174 shares of the aerospace company’s stock worth $46,000 after acquiring an additional 166 shares in the last quarter. Finally, Moody National Bank Trust Division bought a new stake in shares of Lockheed Martin in the fourth quarter worth about $48,000. Institutional investors and hedge funds own 85.33% of the company’s stock.

In related news, EVP Richard F. Ambrose sold 6,647 shares of the stock in a transaction that occurred on Wednesday, February 6th. The stock was sold at an average price of $301.34, for a total transaction of $2,003,006.98. Following the completion of the transaction, the executive vice president now directly owns 4,218 shares of the company’s stock, valued at $1,271,052.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michele A. Evans sold 7,690 shares of the stock in a transaction that occurred on Thursday, February 7th. The shares were sold at an average price of $298.78, for a total value of $2,297,618.20. Following the transaction, the insider now directly owns 7,690 shares of the company’s stock, valued at $2,297,618.20. The disclosure for this sale can be found here. 0.35% of the stock is owned by corporate insiders.

LMT stock opened at $300.04 on Tuesday. The company has a quick ratio of 0.91, a current ratio of 1.12 and a debt-to-equity ratio of 8.70. The stock has a market cap of $85.34 billion, a PE ratio of 16.81, a PEG ratio of 2.24 and a beta of 1.02. Lockheed Martin Co. has a fifty-two week low of $241.18 and a fifty-two week high of $363.00.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, January 29th. The aerospace company reported $4.39 earnings per share for the quarter, hitting the consensus estimate of $4.39. The company had revenue of $14.41 billion during the quarter, compared to analysts’ expectations of $13.75 billion. Lockheed Martin had a return on equity of 726.78% and a net margin of 9.39%. Lockheed Martin’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the prior year, the firm earned ($2.25) earnings per share. As a group, equities research analysts anticipate that Lockheed Martin Co. will post 19.41 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 1st will be given a dividend of $2.20 per share. The ex-dividend date of this dividend is Thursday, February 28th. This represents a $8.80 annualized dividend and a dividend yield of 2.93%. Lockheed Martin’s dividend payout ratio is currently 49.30%.

Several brokerages have issued reports on LMT. Jefferies Financial Group restated a “hold” rating and issued a $313.00 price target on shares of Lockheed Martin in a report on Tuesday, February 5th. Zacks Investment Research downgraded Lockheed Martin from a “strong-buy” rating to a “hold” rating in a report on Monday, January 14th. Bank of America restated a “buy” rating and issued a $390.00 price target on shares of Lockheed Martin in a report on Wednesday, January 30th. ValuEngine downgraded Lockheed Martin from a “hold” rating to a “sell” rating in a report on Tuesday, December 25th. Finally, Credit Suisse Group restated a “hold” rating and issued a $297.00 price target on shares of Lockheed Martin in a report on Wednesday, January 23rd. Eight equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Lockheed Martin presently has an average rating of “Buy” and a consensus target price of $348.50.

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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. It operates through four segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.

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Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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