Argonautica Private Wealth Management Inc. Sells 52 Shares of Lockheed Martin Co. (NYSE:LMT)

Argonautica Private Wealth Management Inc. cut its position in Lockheed Martin Co. (NYSE:LMT) by 0.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,503 shares of the aerospace company’s stock after selling 52 shares during the quarter. Argonautica Private Wealth Management Inc.’s holdings in Lockheed Martin were worth $2,674,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Salomon & Ludwin LLC grew its holdings in Lockheed Martin by 20.5% during the third quarter. Salomon & Ludwin LLC now owns 106 shares of the aerospace company’s stock worth $62,000 after purchasing an additional 18 shares during the period. Nisa Investment Advisors LLC boosted its stake in shares of Lockheed Martin by 67.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 89,817 shares of the aerospace company’s stock worth $52,503,000 after acquiring an additional 36,157 shares during the period. Autumn Glory Partners LLC increased its holdings in shares of Lockheed Martin by 172.3% during the 3rd quarter. Autumn Glory Partners LLC now owns 2,777 shares of the aerospace company’s stock worth $1,623,000 after acquiring an additional 1,757 shares during the last quarter. Orrstown Financial Services Inc. raised its stake in Lockheed Martin by 69.6% in the 3rd quarter. Orrstown Financial Services Inc. now owns 1,028 shares of the aerospace company’s stock valued at $601,000 after acquiring an additional 422 shares during the period. Finally, Strategic Wealth Investment Group LLC boosted its position in Lockheed Martin by 13.5% during the third quarter. Strategic Wealth Investment Group LLC now owns 17,849 shares of the aerospace company’s stock worth $10,814,000 after purchasing an additional 2,118 shares during the period. Institutional investors and hedge funds own 74.19% of the company’s stock.

Wall Street Analyst Weigh In

LMT has been the subject of a number of research reports. Morgan Stanley cut their target price on shares of Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 29th. Barclays lowered their target price on 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. Wells Fargo & Company dropped their price target on Lockheed Martin from $500.00 to $497.00 and set an “equal weight” rating for the company in a report on Thursday, January 30th. Susquehanna decreased their price objective on Lockheed Martin from $590.00 to $550.00 and set a “positive” rating on the stock in a report on Wednesday, January 29th. Finally, Deutsche Bank Aktiengesellschaft downgraded Lockheed Martin from a “buy” rating to a “hold” rating and dropped their target price for the stock from $611.00 to $523.00 in a report on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $555.60.

Lockheed Martin Stock Performance

NYSE LMT opened at $448.34 on Wednesday. Lockheed Martin Co. has a 1 year low of $419.70 and a 1 year high of $618.95. The firm has a market capitalization of $105.53 billion, a price-to-earnings ratio of 20.14, a P/E/G ratio of 2.07 and a beta of 0.48. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10. The firm’s 50 day simple moving average is $468.06 and its 200 day simple moving average is $527.23.

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

Lockheed Martin Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be issued a $3.30 dividend. The ex-dividend date is Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.94%. Lockheed Martin’s dividend payout ratio (DPR) is currently 59.30%.

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.