Lockheed Martin Co. (NYSE:LMT) Shares Sold by Blue Fin Capital Inc.

Blue Fin Capital Inc. decreased its position in Lockheed Martin Co. (NYSE:LMT) by 2.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,007 shares of the aerospace company’s stock after selling 201 shares during the quarter. Lockheed Martin accounts for about 0.8% of Blue Fin Capital Inc.’s investment portfolio, making the stock its 29th largest holding. Blue Fin Capital Inc.’s holdings in Lockheed Martin were worth $3,176,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Lee Financial Co boosted its stake in shares of Lockheed Martin by 367.6% during the 1st quarter. Lee Financial Co now owns 477 shares of the aerospace company’s stock valued at $210,000 after buying an additional 375 shares during the last quarter. Vontobel Holding Ltd. boosted its stake in Lockheed Martin by 240.0% during the 1st quarter. Vontobel Holding Ltd. now owns 4,124 shares of the aerospace company’s stock valued at $1,821,000 after acquiring an additional 2,911 shares during the last quarter. Sei Investments Co. grew its holdings in Lockheed Martin by 56.8% during the 1st quarter. Sei Investments Co. now owns 23,153 shares of the aerospace company’s stock worth $9,995,000 after acquiring an additional 8,389 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of Lockheed Martin by 18.4% in the 1st quarter. NewEdge Advisors LLC now owns 28,807 shares of the aerospace company’s stock worth $12,716,000 after purchasing an additional 4,472 shares during the last quarter. Finally, Mackenzie Financial Corp raised its stake in shares of Lockheed Martin by 20.4% in the 1st quarter. Mackenzie Financial Corp now owns 107,366 shares of the aerospace company’s stock valued at $47,391,000 after purchasing an additional 18,201 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Insider Activity at Lockheed Martin

In related news, COO John Frank A. St sold 6,648 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $425.35, for a total value of $2,827,726.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, SVP Maryanne Lavan sold 4,022 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $434.39, for a total value of $1,747,116.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO John Frank A. St sold 6,648 shares of the firm’s stock in a transaction dated 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. Insiders sold 16,874 shares of company stock worth $7,249,946 in the last 90 days. Corporate insiders own 0.14% of the company’s stock.

Lockheed Martin Stock Performance

Shares of LMT traded up $1.23 during midday trading on Tuesday, hitting $454.31. 1,450,861 shares of the stock traded hands, compared to its average volume of 1,167,676. Lockheed Martin Co. has a 1-year low of $393.77 and a 1-year high of $508.10. The firm has a market capitalization of $109.26 billion, a PE ratio of 16.46, a price-to-earnings-growth ratio of 4.11 and a beta of 0.48. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.03 and a current ratio of 1.21. The business’s 50 day moving average price is $437.60 and its two-hundred day moving average price is $441.70.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, January 23rd. The aerospace company reported $7.90 earnings per share (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 company had revenue of $18.87 billion during the quarter, compared to the consensus estimate of $17.96 billion. During the same quarter in the previous year, the company posted $7.79 earnings per share. The company’s revenue for the quarter was down .6% compared to the same quarter last year. 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 announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 1st were given a $3.15 dividend. The ex-dividend date was Thursday, February 29th. This represents a $12.60 dividend on an annualized basis and a yield of 2.77%. Lockheed Martin’s dividend payout ratio is presently 45.74%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Morgan Stanley lowered 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. UBS Group dropped their price target on Lockheed Martin from $488.00 to $475.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Lockheed Martin from $438.00 to $472.00 in a report on Monday, January 22nd. Royal Bank of Canada reduced their price target on shares of Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 24th. Finally, Susquehanna lowered 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. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $493.36.

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.