Alterity Financial Group LLC Sells 69 Shares of Lockheed Martin Co. (NYSE:LMT)

Alterity Financial Group LLC trimmed its stake in Lockheed Martin Co. (NYSE:LMT) by 2.5% in the 4th quarter, HoldingsChannel reports. The firm owned 2,747 shares of the aerospace company’s stock after selling 69 shares during the quarter. Lockheed Martin accounts for 1.8% of Alterity Financial Group LLC’s portfolio, making the stock its 13th biggest position. Alterity Financial Group LLC’s holdings in Lockheed Martin were worth $1,245,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Moneta Group Investment Advisors LLC boosted its position in Lockheed Martin by 81,305.4% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 1,907,328 shares of the aerospace company’s stock valued at $927,896,000 after acquiring an additional 1,904,985 shares in the last quarter. Renaissance Technologies LLC grew its stake in Lockheed Martin by 586.8% in the first quarter. Renaissance Technologies LLC now owns 369,500 shares of the aerospace company’s stock worth $163,097,000 after purchasing an additional 315,700 shares during the period. Vanguard Group Inc. lifted its stake in shares of Lockheed Martin by 1.3% in the third quarter. Vanguard Group Inc. now owns 22,302,719 shares of the aerospace company’s stock worth $9,120,920,000 after buying an additional 279,162 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Lockheed Martin by 5.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 5,256,069 shares of the aerospace company’s stock valued at $2,320,030,000 after buying an additional 264,665 shares during the last quarter. Finally, Imprint Wealth LLC purchased a new position in Lockheed Martin in the 2nd quarter worth approximately $21,499,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on LMT shares. Royal Bank of Canada cut their target price on Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 24th. Morgan Stanley reduced their price objective on Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating for the company in a report on Wednesday, January 24th. Citigroup lowered 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 note on Wednesday, January 24th. UBS Group dropped their target price on shares of Lockheed Martin from $488.00 to $475.00 and set a “neutral” rating on the stock in a report on Wednesday, January 24th. Finally, Susquehanna cut their price target 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. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Lockheed Martin has a consensus rating of “Hold” and a consensus price target of $491.92.

Insider Activity

In related news, SVP Maryanne Lavan sold 4,022 shares of the firm’s stock in a transaction that occurred on 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, SVP Maryanne Lavan sold 4,022 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $434.39, for a total transaction of $1,747,116.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Gregory M. Ulmer sold 6,204 shares of Lockheed Martin stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $431.19, for a total transaction of $2,675,102.76. Following the sale, the insider now directly owns 12,604 shares in the company, valued at approximately $5,434,718.76. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,874 shares of company stock valued at $7,249,946. 0.17% of the stock is currently owned by insiders.

Lockheed Martin Stock Performance

NYSE LMT opened at $454.90 on Friday. The business has a 50-day moving average price of $433.47 and a 200-day moving average price of $438.48. The firm has a market cap of $109.40 billion, a price-to-earnings ratio of 16.51, a price-to-earnings-growth ratio of 4.17 and a beta of 0.48. Lockheed Martin Co. has a twelve month low of $393.77 and a twelve month high of $508.10. The company has a quick ratio of 1.03, a current ratio of 1.21 and a debt-to-equity ratio of 2.53.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, January 23rd. The aerospace company reported $7.90 EPS for the quarter, beating 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. The business’s revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $7.79 EPS. As a group, equities research analysts predict that Lockheed Martin Co. will post 26.13 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 1st will be given a $3.15 dividend. The ex-dividend date is Thursday, February 29th. This represents a $12.60 annualized dividend and a yield of 2.77%. Lockheed Martin’s dividend payout ratio is currently 45.74%.

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.