Lockheed Martin Co. (NYSE:LMT) Shares Sold by Lee Johnson Capital Management LLC

Lee Johnson Capital Management LLC decreased its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 14.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 836 shares of the aerospace company’s stock after selling 137 shares during the period. Lockheed Martin makes up approximately 0.6% of Lee Johnson Capital Management LLC’s holdings, making the stock its 6th largest position. Lee Johnson Capital Management LLC’s holdings in Lockheed Martin were worth $379,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in LMT. Bank Julius Baer & Co. Ltd Zurich boosted its stake in shares of Lockheed Martin by 73.0% during the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 64 shares of the aerospace company’s stock worth $26,000 after buying an additional 27 shares during the period. CGC Financial Services LLC acquired a new stake in Lockheed Martin in the second quarter valued at about $31,000. Coppell Advisory Solutions Corp. acquired a new stake in Lockheed Martin in the fourth quarter valued at about $31,000. Milestone Investment Advisors LLC acquired a new stake in Lockheed Martin in the third quarter valued at about $33,000. Finally, Providence Capital Advisors LLC acquired a new stake in Lockheed Martin in the third quarter valued at about $35,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Royal Bank of Canada reduced their price objective on shares of 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. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Lockheed Martin from $438.00 to $472.00 in a research report on Monday, January 22nd. Morgan Stanley reduced their price target on shares of 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. Citigroup reduced their price target on shares of Lockheed Martin from $540.00 to $508.00 and set a “buy” rating for the company in a research report on Wednesday, January 24th. Finally, UBS Group dropped their price objective on shares of Lockheed Martin from $488.00 to $475.00 and set a “neutral” rating for the company in a research note on Wednesday, January 24th. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Lockheed Martin presently has a consensus rating of “Hold” and an average target price of $491.92.

Insider Activity at Lockheed Martin

In related news, SVP Maryanne Lavan sold 4,022 shares of Lockheed Martin stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $434.39, for a total transaction of $1,747,116.58. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, SVP Maryanne Lavan sold 4,022 shares of Lockheed Martin stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $434.39, for a total transaction of $1,747,116.58. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Gregory M. Ulmer sold 6,204 shares of the business’s stock in a transaction 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 completion of the transaction, the insider now owns 12,604 shares in the company, valued at approximately $5,434,718.76. 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 corporate insiders.

Lockheed Martin Stock Down 0.4 %

LMT stock opened at $454.90 on Friday. The stock has a market capitalization of $109.40 billion, a P/E ratio of 16.51, a PEG ratio of 4.17 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. Lockheed Martin Co. has a one year low of $393.77 and a one year high of $508.10. The company has a 50 day moving average price of $433.47 and a two-hundred day moving average price of $438.48.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, January 23rd. The aerospace company reported $7.90 earnings per share for the quarter, beating analysts’ consensus estimates of $7.26 by $0.64. The company had revenue of $18.87 billion for the quarter, compared to analyst estimates of $17.96 billion. Lockheed Martin had a net margin of 10.24% and a return on equity of 79.91%. Lockheed Martin’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter last year, the business earned $7.79 EPS. As a group, sell-side analysts expect that Lockheed Martin Co. will post 26.13 EPS for the current year.

Lockheed Martin Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 1st will be issued a $3.15 dividend. The ex-dividend date is Thursday, February 29th. This represents a $12.60 dividend on an annualized basis and a dividend yield of 2.77%. Lockheed Martin’s dividend payout ratio (DPR) is presently 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.