Lockheed Martin Co. (NYSE:LMT) Shares Sold by Manning & Napier Group LLC

Manning & Napier Group LLC reduced its position in Lockheed Martin Co. (NYSE:LMT) by 13.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 63,485 shares of the aerospace company’s stock after selling 9,657 shares during the quarter. Manning & Napier Group LLC’s holdings in Lockheed Martin were worth $28,774,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Bank Julius Baer & Co. Ltd Zurich lifted its holdings in Lockheed Martin by 73.0% in the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 64 shares of the aerospace company’s stock valued at $26,000 after acquiring an additional 27 shares during the period. CGC Financial Services LLC acquired a new stake in Lockheed Martin in the second quarter valued at $31,000. Coppell Advisory Solutions Corp. acquired a new stake in Lockheed Martin in the fourth quarter valued at $31,000. Milestone Investment Advisors LLC acquired a new stake in Lockheed Martin in the third quarter valued at $33,000. Finally, Providence Capital Advisors LLC purchased a new position in shares of Lockheed Martin in the third quarter valued at $35,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Lockheed Martin

In other Lockheed Martin news, SVP Maryanne Lavan sold 4,022 shares of the stock in a transaction on Tuesday, March 5th. The stock was 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 SEC, which is available through this link. In other Lockheed Martin news, SVP Maryanne Lavan sold 4,022 shares of the stock in a transaction on Tuesday, March 5th. The stock was 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 SEC, which is available through this link. Also, insider Gregory M. Ulmer sold 6,204 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $431.19, for a total value 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 approximately $5,434,718.76. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,874 shares of company stock valued at $7,249,946. Corporate insiders own 0.17% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on LMT. Deutsche Bank Aktiengesellschaft raised their price target on Lockheed Martin from $438.00 to $472.00 in a research report on Monday, January 22nd. Citigroup dropped their price objective 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. UBS Group dropped their price objective on Lockheed Martin from $488.00 to $475.00 and set a “neutral” rating for the company in a research report on Wednesday, January 24th. Royal Bank of Canada dropped their price objective on Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 24th. Finally, Morgan Stanley dropped their price objective on Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 24th. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $491.92.

Lockheed Martin Stock Down 0.4 %

LMT stock traded down $1.91 during midday trading on Friday, hitting $454.87. 1,119,541 shares of the company’s stock were exchanged, compared to its average volume of 1,200,722. The company has a current ratio of 1.21, a quick ratio of 1.03 and a debt-to-equity ratio of 2.53. Lockheed Martin Co. has a 12-month low of $393.77 and a 12-month high of $508.10. The firm has a 50 day moving average price of $433.38 and a 200-day moving average price of $438.60. The stock has a market capitalization of $109.39 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 (NYSE:LMT) last posted its quarterly earnings data on Tuesday, January 23rd. The aerospace company reported $7.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.26 by $0.64. Lockheed Martin had a return on equity of 79.91% and a net margin of 10.24%. The company had revenue of $18.87 billion for the quarter, compared to the consensus estimate of $17.96 billion. During the same period in the previous year, the business earned $7.79 EPS. Lockheed Martin’s revenue for the quarter was down .6% compared to the same quarter last year. On average, analysts anticipate that Lockheed Martin Co. will post 26.13 EPS for the current year.

Lockheed Martin Dividend Announcement

The company 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 dividend of $3.15 per share. This represents a $12.60 annualized dividend and a dividend yield of 2.77%. The ex-dividend date is Thursday, February 29th. 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.