Lockheed Martin Co. (NYSE:LMT) Shares Sold by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust trimmed its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 1.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,286 shares of the aerospace company’s stock after selling 37 shares during the period. Parkside Financial Bank & Trust’s holdings in Lockheed Martin were worth $1,111,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the company. Lmcg Investments LLC increased its holdings in shares of Lockheed Martin by 3.0% in the 3rd quarter. Lmcg Investments LLC now owns 651 shares of the aerospace company’s stock worth $381,000 after acquiring an additional 19 shares during the period. Klingman & Associates LLC increased its holdings in shares of Lockheed Martin by 1.1% in the 3rd quarter. Klingman & Associates LLC now owns 1,729 shares of the aerospace company’s stock worth $1,011,000 after acquiring an additional 19 shares during the period. Platform Technology Partners increased its holdings in shares of Lockheed Martin by 0.5% in the 3rd quarter. Platform Technology Partners now owns 4,122 shares of the aerospace company’s stock worth $2,409,000 after acquiring an additional 19 shares during the period. Assetmark Inc. increased its holdings in shares of Lockheed Martin by 1.3% in the 3rd quarter. Assetmark Inc. now owns 1,470 shares of the aerospace company’s stock worth $859,000 after acquiring an additional 19 shares during the period. Finally, Vinva Investment Management Ltd increased its holdings in shares of Lockheed Martin by 3.0% in the 3rd quarter. Vinva Investment Management Ltd now owns 656 shares of the aerospace company’s stock worth $382,000 after acquiring an additional 19 shares during the period. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

Shares of LMT opened at $446.38 on Friday. Lockheed Martin Co. has a one year low of $419.70 and a one year high of $618.95. The company has a 50-day moving average of $466.57 and a two-hundred day moving average of $526.08. The stock has a market cap of $105.07 billion, a price-to-earnings ratio of 20.05, a PEG ratio of 2.07 and a beta of 0.48. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, topping 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%. On average, equities research analysts expect that Lockheed Martin Co. will post 27.15 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be paid a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date is Monday, March 3rd. Lockheed Martin’s dividend payout ratio (DPR) is presently 59.30%.

Analyst Upgrades and Downgrades

LMT has been the topic of a number of analyst reports. UBS Group dropped their price objective on shares of Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating on the stock in a report on Wednesday, January 29th. Citigroup lowered their target price on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a research note on Tuesday, January 21st. StockNews.com cut shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Friday, January 31st. Barclays lowered their target price on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a research note on Monday, January 6th. Finally, Morgan Stanley lowered their target price on shares of Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 29th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $553.67.

About Lockheed Martin

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.