NBW Capital LLC Lowers Stake in Lockheed Martin Co. (NYSE:LMT)

NBW Capital LLC reduced its position in Lockheed Martin Co. (NYSE:LMT) by 7.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 482 shares of the aerospace company’s stock after selling 40 shares during the period. NBW Capital LLC’s holdings in Lockheed Martin were worth $218,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of LMT. Moneta Group Investment Advisors LLC boosted its holdings in Lockheed Martin by 81,305.4% in the fourth 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 during the last quarter. International Assets Investment Management LLC grew its holdings in shares of Lockheed Martin by 10,526.6% during the 4th quarter. International Assets Investment Management LLC now owns 1,362,228 shares of the aerospace company’s stock worth $617,416,000 after purchasing an additional 1,349,409 shares during the period. Renaissance Technologies LLC increased its position in Lockheed Martin by 586.8% during the 1st 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 in the last quarter. Vanguard Group Inc. raised its holdings in Lockheed Martin by 1.3% in the third quarter. Vanguard Group Inc. now owns 22,302,719 shares of the aerospace company’s stock valued at $9,120,920,000 after buying an additional 279,162 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in 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 worth $2,320,030,000 after buying an additional 264,665 shares during the period. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on LMT shares. 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 report on Wednesday, January 24th. JPMorgan Chase & Co. raised shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $475.00 to $518.00 in a research report on Monday. UBS Group decreased their target price on shares of Lockheed Martin from $488.00 to $475.00 and set a “neutral” rating for the company in a research note on Wednesday, January 24th. Susquehanna decreased their price objective on shares of Lockheed Martin from $550.00 to $540.00 and set a “positive” rating for the company in a research report on Wednesday, January 24th. Finally, Royal Bank of Canada lowered their target price on Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 24th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Lockheed Martin currently has an average rating of “Hold” and a consensus target price of $493.36.

Insider Activity

In other Lockheed Martin news, COO John Frank A. St sold 6,648 shares of the firm’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 can be accessed through this hyperlink. In other Lockheed Martin news, insider Gregory M. Ulmer sold 6,204 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $431.19, for a total value of $2,675,102.76. Following the transaction, the insider now owns 12,604 shares in the company, valued at approximately $5,434,718.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO John Frank A. St sold 6,648 shares of Lockheed Martin stock in a transaction on Friday, March 1st. The shares were sold at an average price of $425.35, for a total transaction of $2,827,726.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,874 shares of company stock worth $7,249,946. 0.17% of the stock is owned by corporate insiders.

Lockheed Martin Price Performance

Shares of NYSE LMT opened at $456.09 on Friday. The firm’s 50-day simple moving average is $439.25 and its 200 day simple moving average is $442.21. The stock has a market cap of $109.69 billion, a P/E ratio of 16.55, a P/E/G ratio of 4.16 and a beta of 0.48. 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 Co. has a fifty-two week low of $393.77 and a fifty-two week high of $503.33.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, January 23rd. The aerospace company reported $7.90 EPS for the quarter, topping analysts’ consensus estimates of $7.26 by $0.64. The company had revenue of $18.87 billion for the quarter, compared to the consensus estimate of $17.96 billion. Lockheed Martin had a return on equity of 79.91% and a net margin of 10.24%. The company’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $7.79 EPS. Equities analysts expect that Lockheed Martin Co. will post 26.13 EPS for the current year.

Lockheed Martin Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 1st were given a $3.15 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $12.60 annualized dividend and a dividend yield of 2.76%. Lockheed Martin’s dividend payout ratio (DPR) is presently 45.74%.

Lockheed Martin Company 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.