First Heartland Consultants Inc. lowered its position in shares of Lockheed Martin Co. (NYSE:LMT) by 3.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,741 shares of the aerospace company’s stock after selling 120 shares during the quarter. First Heartland Consultants Inc.’s holdings in Lockheed Martin were worth $979,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. NumerixS Investment Technologies Inc lifted its holdings in shares of Lockheed Martin by 45.5% in the fourth quarter. NumerixS Investment Technologies Inc now owns 4,800 shares of the aerospace company’s stock worth $1,254,000 after buying an additional 1,500 shares in the last quarter. Wisconsin Capital Management LLC purchased a new position in shares of Lockheed Martin in the fourth quarter worth $1,576,000. Employees Retirement System of Texas lifted its holdings in shares of Lockheed Martin by 7.9% in the fourth quarter. Employees Retirement System of Texas now owns 41,100 shares of the aerospace company’s stock worth $10,762,000 after buying an additional 3,000 shares in the last quarter. Burney Co. lifted its holdings in shares of Lockheed Martin by 10.0% in the fourth quarter. Burney Co. now owns 26,496 shares of the aerospace company’s stock worth $6,938,000 after buying an additional 2,417 shares in the last quarter. Finally, Van ECK Associates Corp purchased a new position in shares of Lockheed Martin in the fourth quarter worth $29,000. 78.34% of the stock is currently owned by institutional investors and hedge funds.

Shares of LMT opened at $296.15 on Friday. Lockheed Martin Co. has a fifty-two week low of $241.18 and a fifty-two week high of $361.99. The firm has a market capitalization of $83.68 billion, a P/E ratio of 16.59, a price-to-earnings-growth ratio of 2.24 and a beta of 1.02. The company has a current ratio of 1.12, a quick ratio of 0.91 and a debt-to-equity ratio of 8.70.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, January 29th. The aerospace company reported $4.39 earnings per share for the quarter, hitting the consensus estimate of $4.39. Lockheed Martin had a net margin of 9.39% and a return on equity of 726.78%. The company had revenue of $14.41 billion for the quarter, compared to analysts’ expectations of $13.75 billion. During the same quarter in the previous year, the business posted ($2.25) earnings per share. Lockheed Martin’s quarterly revenue was up 4.1% on a year-over-year basis. As a group, analysts anticipate that Lockheed Martin Co. will post 19.42 EPS for the current year.

The firm 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 $2.20 dividend. This represents a $8.80 annualized dividend and a yield of 2.97%. The ex-dividend date is Thursday, February 28th. Lockheed Martin’s dividend payout ratio is presently 49.30%.

In other Lockheed Martin news, Chairman Marillyn A. Hewson sold 59,434 shares of the business’s stock in a transaction on Tuesday, February 26th. The shares were 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 in the company, valued at $33,582,204.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Brian P. Colan sold 4,000 shares of the business’s stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $304.56, for a total transaction of $1,218,240.00. Following the transaction, the vice president now owns 2,489 shares in the company, valued at approximately $758,049.84. The disclosure for this sale can be found here. Insiders sold 85,186 shares of company stock worth $26,010,927 in the last 90 days. 0.35% of the stock is currently owned by company insiders.

Several equities analysts have recently commented on LMT shares. Zacks Investment Research downgraded shares of Lockheed Martin from a “strong-buy” rating to a “hold” rating in a report on Monday, January 14th. Vertical Group raised shares of Lockheed Martin from a “hold” rating to a “buy” rating in a report on Thursday, January 10th. Citigroup lowered their target price on shares of Lockheed Martin from $400.00 to $338.00 and set a “buy” rating on the stock in a report on Monday, January 14th. Barclays lowered their target price on shares of Lockheed Martin from $369.00 to $325.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 4th. Finally, Bank of America reissued a “buy” rating and issued a $390.00 target price on shares of Lockheed Martin in a report on Wednesday, January 30th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $350.00.

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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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Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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