Eagle Global Advisors LLC lowered its position in Lockheed Martin Co. (NYSE:LMT) by 2.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 30,573 shares of the aerospace company’s stock after selling 648 shares during the period. Eagle Global Advisors LLC’s holdings in Lockheed Martin were worth $11,905,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. KCS Wealth Advisory purchased a new position in shares of Lockheed Martin in the 3rd quarter worth $37,000. Samalin Investment Counsel LLC purchased a new position in shares of Lockheed Martin in the 4th quarter worth $37,000. Security National Trust Co. purchased a new position in shares of Lockheed Martin in the 4th quarter worth $39,000. Savior LLC purchased a new position in shares of Lockheed Martin in the 4th quarter worth $61,000. Finally, Bridger Capital Management LLC purchased a new position in shares of Lockheed Martin in the 3rd quarter worth $71,000. 78.91% of the stock is owned by hedge funds and other institutional investors.
In other news, VP Brian P. Colan sold 1,108 shares of Lockheed Martin stock in a transaction dated Wednesday, January 29th. The stock was sold at an average price of $434.77, for a total value of $481,725.16. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Michele A. Evans sold 9,629 shares of Lockheed Martin stock in a transaction dated Wednesday, January 29th. The stock was sold at an average price of $432.22, for a total value of $4,161,846.38. Following the completion of the sale, the executive vice president now directly owns 9,629 shares in the company, valued at $4,161,846.38. The disclosure for this sale can be found here. Insiders sold 39,793 shares of company stock worth $17,313,473 over the last ninety days. Insiders own 0.35% of the company’s stock.
NYSE:LMT opened at $435.07 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.22 and a debt-to-equity ratio of 3.60. The business’s 50-day simple moving average is $420.38 and its two-hundred day simple moving average is $391.59. The stock has a market cap of $123.96 billion, a PE ratio of 19.83, a P/E/G ratio of 2.77 and a beta of 0.93. Lockheed Martin Co. has a 52 week low of $292.53 and a 52 week high of $442.53.
Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $5.29 EPS for the quarter, beating the Zacks’ consensus estimate of $5.03 by $0.26. The business had revenue of $15.88 billion for the quarter, compared to analysts’ expectations of $15.28 billion. Lockheed Martin had a return on equity of 198.95% and a net margin of 10.42%. The business’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period last year, the firm earned $4.39 earnings per share. Sell-side analysts anticipate that Lockheed Martin Co. will post 24.12 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Monday, March 2nd will be issued a $2.40 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $9.60 annualized dividend and a dividend yield of 2.21%. Lockheed Martin’s dividend payout ratio (DPR) is 43.74%.
Several equities analysts recently weighed in on LMT shares. Credit Suisse Group lowered their target price on Lockheed Martin from $401.00 to $385.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Goldman Sachs Group lifted their target price on Lockheed Martin from $469.00 to $520.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Cowen started coverage on Lockheed Martin in a research report on Tuesday, January 28th. They set a “buy” rating and a $454.00 target price on the stock. Argus lifted their target price on Lockheed Martin to and gave the company a “buy” rating in a research report on Wednesday, January 29th. Finally, Alembic Global Advisors downgraded Lockheed Martin from an “overweight” rating to a “neutral” rating and set a $489.00 target price on the stock. in a research report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $442.47.
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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