Lockheed Martin Co. (NYSE:LMT) Shares Sold by VisionPoint Advisory Group LLC

VisionPoint Advisory Group LLC reduced its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 4.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,726 shares of the aerospace company’s stock after selling 230 shares during the period. VisionPoint Advisory Group LLC’s holdings in Lockheed Martin were worth $2,279,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Bank of Stockton raised its holdings in Lockheed Martin by 31.8% in the 4th quarter. Bank of Stockton now owns 838 shares of the aerospace company’s stock valued at $407,000 after acquiring an additional 202 shares during the last quarter. Transcend Capital Advisors LLC raised its holdings in Lockheed Martin by 6.0% in the 4th quarter. Transcend Capital Advisors LLC now owns 1,719 shares of the aerospace company’s stock valued at $835,000 after acquiring an additional 98 shares during the last quarter. PYA Waltman Capital LLC raised its holdings in Lockheed Martin by 2.3% in the 4th quarter. PYA Waltman Capital LLC now owns 4,284 shares of the aerospace company’s stock valued at $2,082,000 after acquiring an additional 96 shares during the last quarter. Physicians Financial Services Inc. raised its holdings in Lockheed Martin by 2.7% in the 4th quarter. Physicians Financial Services Inc. now owns 7,559 shares of the aerospace company’s stock valued at $3,673,000 after acquiring an additional 200 shares during the last quarter. Finally, Compass Capital Corp MA ADV acquired a new position in Lockheed Martin in the 4th quarter valued at $375,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Stock Up 0.8 %

Shares of Lockheed Martin stock opened at $436.47 on Friday. The company has a fifty day moving average price of $471.01 and a 200 day moving average price of $529.69. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10. Lockheed Martin Co. has a twelve month low of $419.70 and a twelve month high of $618.95. The stock has a market cap of $102.74 billion, a price-to-earnings ratio of 19.61, a price-to-earnings-growth ratio of 2.05 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, beating analysts’ consensus estimates of $6.58 by $1.09. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. Equities research analysts forecast that Lockheed Martin Co. will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be given a $3.30 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a yield of 3.02%. Lockheed Martin’s payout ratio is currently 59.30%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on LMT. Susquehanna cut their price target on Lockheed Martin from $590.00 to $550.00 and set a “positive” rating for the company in a report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft cut shares of Lockheed Martin from a “buy” rating to a “hold” rating and lowered their price objective for the company from $611.00 to $523.00 in a research note on Thursday, January 2nd. Wells Fargo & Company lowered their price objective on shares of Lockheed Martin from $500.00 to $497.00 and set an “equal weight” rating for the company in a research note on Thursday, January 30th. Barclays lowered their price objective on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a research note on Monday, January 6th. Finally, Citigroup lowered their price objective on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a research note on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $555.60.

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.