Machina Capital S.A.S. Sells 1,507 Shares of Lockheed Martin Co. (NYSE:LMT)

Machina Capital S.A.S. reduced its holdings in Lockheed Martin Co. (NYSE:LMT) by 49.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,554 shares of the aerospace company’s stock after selling 1,507 shares during the quarter. Machina Capital S.A.S.’s holdings in Lockheed Martin were worth $704,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Herold Advisors Inc. increased its position in shares of Lockheed Martin by 8.6% in the 3rd quarter. Herold Advisors Inc. now owns 3,448 shares of the aerospace company’s stock valued at $1,410,000 after buying an additional 274 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Lockheed Martin by 3.8% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,088 shares of the aerospace company’s stock valued at $8,624,000 after acquiring an additional 770 shares during the period. Alethea Capital Management LLC bought a new position in Lockheed Martin in the 3rd quarter valued at about $415,000. New Mexico Educational Retirement Board raised its holdings in Lockheed Martin by 6.4% in the 3rd quarter. New Mexico Educational Retirement Board now owns 11,697 shares of the aerospace company’s stock valued at $4,784,000 after acquiring an additional 700 shares during the period. Finally, Gilbert & Cook Inc. raised its holdings in Lockheed Martin by 22.8% in the 3rd quarter. Gilbert & Cook Inc. now owns 1,275 shares of the aerospace company’s stock valued at $521,000 after acquiring an additional 237 shares during the period. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Price Performance

NYSE LMT traded up $0.87 on Monday, hitting $462.78. The stock had a trading volume of 796,271 shares, compared to its average volume of 1,149,090. Lockheed Martin Co. has a 52-week low of $393.77 and a 52-week high of $479.50. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.11 and a current ratio of 1.30. The company has a market capitalization of $111.04 billion, a price-to-earnings ratio of 16.93, a price-to-earnings-growth ratio of 4.23 and a beta of 0.46. The firm has a 50-day moving average of $448.09 and a 200-day moving average of $445.50.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 EPS for the quarter, topping analysts’ consensus estimates of $5.80 by $0.53. The company had revenue of $17.20 billion for the quarter, compared to analysts’ expectations of $16.04 billion. Lockheed Martin had a net margin of 9.73% and a return on equity of 85.96%. The firm’s revenue was up 13.7% compared to the same quarter last year. During the same quarter last year, the company earned $6.43 EPS. Equities analysts expect that Lockheed Martin Co. will post 26.15 EPS for the current year.

Lockheed Martin Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 3rd will be issued a $3.15 dividend. This represents a $12.60 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date is Monday, June 3rd. Lockheed Martin’s dividend payout ratio (DPR) is presently 46.10%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on LMT. Morgan Stanley decreased their price objective on shares of Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 24th. UBS Group lifted their target price on shares of Lockheed Martin from $482.00 to $499.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. The Goldman Sachs Group dropped their price objective on shares of Lockheed Martin from $380.00 to $377.00 and set a “sell” rating on the stock in a report on Tuesday, April 23rd. Citigroup upped their price objective on shares of Lockheed Martin from $508.00 to $525.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Finally, Susquehanna lowered their target price on shares of Lockheed Martin from $550.00 to $540.00 and set a “positive” rating on the stock in a report on Wednesday, January 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $485.40.

Insiders Place Their Bets

In other Lockheed Martin news, insider Gregory M. Ulmer sold 6,204 shares of the firm’s stock in a transaction 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 sale, the insider now owns 12,604 shares of the company’s stock, valued at approximately $5,434,718.76. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, SVP Maryanne Lavan sold 4,022 shares of Lockheed Martin stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $434.39, for a total transaction of $1,747,116.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Gregory M. Ulmer sold 6,204 shares of Lockheed Martin stock in a transaction dated 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 completion of the transaction, the insider now directly owns 12,604 shares of the company’s stock, valued at $5,434,718.76. The disclosure for this sale can be found here. Insiders have sold a total of 16,874 shares of company stock valued at $7,249,946 in the last quarter. Insiders own 0.14% of the company’s stock.

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.