Lockheed Martin Co. (NYSE:LMT) Shares Sold by Hyman Charles D

Hyman Charles D lowered its position in Lockheed Martin Co. (NYSE:LMT) by 2.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 43,616 shares of the aerospace company’s stock after selling 969 shares during the quarter. Lockheed Martin makes up 1.2% of Hyman Charles D’s investment portfolio, making the stock its 26th biggest position. Hyman Charles D’s holdings in Lockheed Martin were worth $19,769,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Everpar Advisors LLC acquired a new stake in shares of Lockheed Martin in the 4th quarter valued at about $436,000. Gryphon Financial Partners LLC raised its stake in Lockheed Martin by 111.1% during the fourth quarter. Gryphon Financial Partners LLC now owns 2,297 shares of the aerospace company’s stock worth $1,026,000 after acquiring an additional 1,209 shares during the period. Pacific Capital Wealth Advisors Inc. acquired a new stake in Lockheed Martin during the fourth quarter worth about $68,000. Barlow Wealth Partners Inc. acquired a new stake in Lockheed Martin during the fourth quarter worth about $683,000. Finally, Patrick M Sweeney & Associates Inc. acquired a new stake in Lockheed Martin during the fourth quarter worth about $498,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Insider Buying and Selling

In related news, COO John Frank A. St sold 6,648 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $425.35, for a total value of $2,827,726.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, SVP Maryanne Lavan sold 4,022 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $434.39, for a total value of $1,747,116.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO John Frank A. St sold 6,648 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $425.35, for a total transaction of $2,827,726.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,874 shares of company stock worth $7,249,946. Corporate insiders own 0.14% of the company’s stock.

Lockheed Martin Price Performance

Shares of Lockheed Martin stock traded down $0.41 on Wednesday, hitting $466.27. The company had a trading volume of 598,990 shares, compared to its average volume of 1,138,276. The company has a market cap of $111.88 billion, a PE ratio of 17.06, a PEG ratio of 4.23 and a beta of 0.46. Lockheed Martin Co. has a 52 week low of $393.77 and a 52 week high of $479.50. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.30 and a quick ratio of 1.11. The business has a 50-day simple moving average of $448.81 and a 200-day simple moving average of $445.66.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share for the quarter, topping analysts’ consensus estimates of $5.80 by $0.53. The firm had revenue of $17.20 billion during the quarter, compared to analysts’ expectations of $16.04 billion. Lockheed Martin had a net margin of 9.73% and a return on equity of 85.96%. The firm’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period last year, the firm posted $6.43 earnings per share. Research analysts expect that Lockheed Martin Co. will post 26.15 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 3rd will be issued a dividend of $3.15 per share. This represents a $12.60 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date is Monday, June 3rd. Lockheed Martin’s payout ratio is 46.10%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Wells Fargo & Company increased their price objective on shares of Lockheed Martin from $460.00 to $480.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 25th. Susquehanna dropped their price target on shares of Lockheed Martin from $550.00 to $540.00 and set a “positive” rating on the stock in a research note on Wednesday, January 24th. StockNews.com upgraded shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research note on Thursday, April 25th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Lockheed Martin from $467.00 to $487.00 and gave the company a “hold” rating in a research note on Thursday, April 25th. Finally, Citigroup raised their price target on shares of Lockheed Martin from $508.00 to $525.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Lockheed Martin has a consensus rating of “Hold” and a consensus price target of $485.40.

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.