DeDora Capital Inc. reduced its position in shares of Lockheed Martin Co. (NYSE:LMT) by 35.2% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 2,009 shares of the aerospace company’s stock after selling 1,091 shares during the period. DeDora Capital Inc.’s holdings in Lockheed Martin were worth $603,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Lederer & Associates Investment Counsel CA lifted its stake in Lockheed Martin by 0.7% during the fourth quarter. Lederer & Associates Investment Counsel CA now owns 5,149 shares of the aerospace company’s stock worth $1,348,000 after purchasing an additional 35 shares in the last quarter. Belpointe Asset Management LLC raised its stake in shares of Lockheed Martin by 1.4% in the fourth quarter. Belpointe Asset Management LLC now owns 2,583 shares of the aerospace company’s stock valued at $676,000 after acquiring an additional 35 shares in the last quarter. Physicians Financial Services Inc. raised its stake in shares of Lockheed Martin by 0.8% in the fourth quarter. Physicians Financial Services Inc. now owns 4,795 shares of the aerospace company’s stock valued at $1,256,000 after acquiring an additional 37 shares in the last quarter. Wealthcare Advisory Partners LLC raised its stake in shares of Lockheed Martin by 1.4% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 2,832 shares of the aerospace company’s stock valued at $742,000 after acquiring an additional 38 shares in the last quarter. Finally, Windsor Group LTD raised its stake in shares of Lockheed Martin by 3.0% in the first quarter. Windsor Group LTD now owns 1,307 shares of the aerospace company’s stock valued at $392,000 after acquiring an additional 38 shares in the last quarter. Institutional investors own 78.31% of the company’s stock.
In other Lockheed Martin news, Chairman Marillyn A. Hewson sold 59,434 shares of the firm’s stock in a transaction dated Tuesday, February 26th. The stock was sold at an average price of $306.60, for a total transaction of $18,222,464.40. Following the transaction, the chairman now owns 109,531 shares of the company’s stock, valued at $33,582,204.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Brian P. Colan sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of $304.56, for a total value of $1,218,240.00. Following the transaction, the vice president now directly owns 2,489 shares in the company, valued at approximately $758,049.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 85,186 shares of company stock worth $26,010,927. Corporate insiders own 0.35% of the company’s stock.
LMT has been the topic of several analyst reports. Jefferies Financial Group reiterated a “hold” rating and issued a $313.00 price objective on shares of Lockheed Martin in a research note on Tuesday, February 5th. Citigroup reduced their price objective on Lockheed Martin from $400.00 to $338.00 and set a “buy” rating on the stock in a research note on Monday, January 14th. Vertical Group upgraded Lockheed Martin from a “hold” rating to a “buy” rating in a research note on Thursday, January 10th. ValuEngine cut Lockheed Martin from a “hold” rating to a “sell” rating in a research note on Tuesday, December 25th. Finally, Vertical Research upgraded Lockheed Martin from a “hold” rating to a “buy” rating and set a $340.00 price objective on the stock in a research note on Thursday, January 10th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $350.00.
NYSE:LMT opened at $310.06 on Wednesday. The firm has a market capitalization of $87.23 billion, a P/E ratio of 17.37, a price-to-earnings-growth ratio of 2.28 and a beta of 1.01. The company has a debt-to-equity ratio of 8.70, a quick ratio of 0.91 and a current ratio of 1.12. Lockheed Martin Co. has a 12 month low of $241.18 and a 12 month high of $361.99.
Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, January 29th. The aerospace company reported $4.39 earnings per share (EPS) for the quarter, hitting the consensus estimate of $4.39. The company had revenue of $14.41 billion for the quarter, compared to analyst estimates of $13.75 billion. Lockheed Martin had a return on equity of 726.78% and a net margin of 9.39%. The business’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter last year, the company posted ($2.25) earnings per share. Analysts predict that Lockheed Martin Co. will post 19.46 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 1st were issued a dividend of $2.20 per share. This represents a $8.80 annualized dividend and a dividend yield of 2.84%. The ex-dividend date was Thursday, February 28th. Lockheed Martin’s payout ratio is 49.30%.
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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. It operates through four segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.
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