Teamwork Financial Advisors LLC Reduces Stake in Lockheed Martin Co. (NYSE:LMT)

Teamwork Financial Advisors LLC reduced its stake in Lockheed Martin Co. (NYSE:LMT) by 20.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 937 shares of the aerospace company’s stock after selling 237 shares during the quarter. Teamwork Financial Advisors LLC’s holdings in Lockheed Martin were worth $425,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. State Street Corp lifted its stake in shares of Lockheed Martin by 0.5% in the 1st quarter. State Street Corp now owns 37,972,543 shares of the aerospace company’s stock valued at $17,950,761,000 after purchasing an additional 176,739 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Lockheed Martin by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 22,302,719 shares of the aerospace company’s stock valued at $9,120,920,000 after purchasing an additional 279,162 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Lockheed Martin by 1.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,686,937 shares of the aerospace company’s stock valued at $2,302,388,000 after purchasing an additional 97,916 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Lockheed Martin by 4.0% in the 3rd quarter. Wellington Management Group LLP now owns 3,158,783 shares of the aerospace company’s stock valued at $1,291,816,000 after purchasing an additional 121,358 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in Lockheed Martin by 4.0% during the 3rd quarter. Northern Trust Corp now owns 2,388,377 shares of the aerospace company’s stock worth $976,751,000 after acquiring an additional 91,109 shares in the last quarter. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on LMT. Susquehanna decreased their target price on Lockheed Martin from $550.00 to $540.00 and set a “positive” rating on the stock in a research note on Wednesday, January 24th. Royal Bank of Canada decreased their target price on Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 24th. Morgan Stanley decreased their target price on 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 decreased their target price on Lockheed Martin from $488.00 to $475.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 24th. Finally, Citigroup decreased their target price on Lockheed Martin from $540.00 to $508.00 and set a “buy” rating on the stock in a research note on Wednesday, January 24th. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $491.92.

Lockheed Martin Stock Down 0.4 %

Shares of LMT traded down $1.91 during mid-day trading on Friday, reaching $454.87. The company’s stock had a trading volume of 1,119,541 shares, compared to its average volume of 1,200,722. Lockheed Martin Co. has a 12-month low of $393.77 and a 12-month high of $508.10. The stock has a market cap of $109.39 billion, a PE ratio of 16.51, a price-to-earnings-growth ratio of 4.17 and a beta of 0.48. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.21 and a quick ratio of 1.03. The company’s 50 day moving average is $433.38 and its 200 day moving average is $438.60.

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

Lockheed Martin Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 1st will be issued a $3.15 dividend. The ex-dividend date of this dividend is Thursday, February 29th. This represents a $12.60 dividend on an annualized basis and a dividend yield of 2.77%. Lockheed Martin’s payout ratio is currently 45.74%.

Insider Activity

In related news, SVP Maryanne Lavan sold 4,022 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total transaction of $1,747,116.58. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, insider Gregory M. Ulmer sold 6,204 shares of the firm’s stock in a transaction that occurred on 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 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 Securities & Exchange Commission, which is available at this link. Also, SVP Maryanne Lavan sold 4,022 shares of the firm’s stock in a transaction that occurred 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,874 shares of company stock worth $7,249,946. 0.17% of the stock is currently owned by insiders.

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.