Macquarie Group Ltd. trimmed its holdings in shares of Lockheed Martin Co. (NYSE:LMT – Get Rating) by 16.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 112,980 shares of the aerospace company’s stock after selling 21,557 shares during the quarter. Macquarie Group Ltd.’s holdings in Lockheed Martin were worth $54,964,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Grey Fox Wealth Advisors LLC acquired a new stake in shares of Lockheed Martin in the 4th quarter worth $27,000. Okabena Investment Services Inc. acquired a new stake in shares of Lockheed Martin in the 4th quarter worth $28,000. Mendota Financial Group LLC purchased a new position in shares of Lockheed Martin during the 4th quarter worth $29,000. Coppell Advisory Solutions Corp. purchased a new position in shares of Lockheed Martin during the 4th quarter worth $31,000. Finally, Optiver Holding B.V. purchased a new position in shares of Lockheed Martin during the 3rd quarter worth $36,000. 75.28% of the stock is owned by institutional investors and hedge funds.
Lockheed Martin Price Performance
Shares of NYSE LMT opened at $459.17 on Tuesday. The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.10 and a current ratio of 1.30. Lockheed Martin Co. has a fifty-two week low of $373.67 and a fifty-two week high of $508.10. The firm has a market capitalization of $116.28 billion, a PE ratio of 20.99, a price-to-earnings-growth ratio of 2.79 and a beta of 0.67. The stock’s 50-day simple moving average is $462.28 and its 200-day simple moving average is $469.85.
Lockheed Martin (NYSE:LMT – Get Rating) last issued its earnings results on Tuesday, April 18th. The aerospace company reported $6.43 earnings per share for the quarter, topping the consensus estimate of $6.08 by $0.35. Lockheed Martin had a return on equity of 67.75% and a net margin of 8.60%. The business had revenue of $15.13 billion for the quarter, compared to analyst estimates of $15.01 billion. During the same quarter last year, the company earned $6.44 EPS. The business’s quarterly revenue was up 1.1% on a year-over-year basis. As a group, equities research analysts forecast that Lockheed Martin Co. will post 26.76 EPS for the current fiscal year.
Lockheed Martin Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 23rd. Shareholders of record on Thursday, June 1st will be paid a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date of this dividend is Wednesday, May 31st. Lockheed Martin’s dividend payout ratio is currently 54.84%.
Insider Buying and Selling at Lockheed Martin
In other Lockheed Martin news, Director John Donovan acquired 506 shares of the company’s stock in a transaction that occurred on Wednesday, April 19th. The shares were purchased at an average price of $495.17 per share, with a total value of $250,556.02. Following the completion of the acquisition, the director now directly owns 2,830 shares of the company’s stock, valued at approximately $1,401,331.10. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Lockheed Martin news, Director John Donovan acquired 506 shares of the company’s stock in a transaction that occurred on Wednesday, April 19th. The shares were purchased at an average price of $495.17 per share, with a total value of $250,556.02. Following the completion of the acquisition, the director now directly owns 2,830 shares of the company’s stock, valued at approximately $1,401,331.10. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Stephanie C. Hill sold 2,391 shares of the company’s stock in a transaction on Thursday, April 20th. The shares were sold at an average price of $490.84, for a total value of $1,173,598.44. Following the completion of the sale, the executive vice president now directly owns 12,604 shares in the company, valued at approximately $6,186,547.36. The disclosure for this sale can be found here. 0.17% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on LMT shares. Citigroup increased their price target on Lockheed Martin from $546.00 to $579.00 and gave the stock a “buy” rating in a report on Wednesday, April 19th. Credit Suisse Group increased their price target on Lockheed Martin from $510.00 to $550.00 and gave the stock an “outperform” rating in a report on Wednesday, April 19th. Robert W. Baird cut Lockheed Martin from an “outperform” rating to a “neutral” rating and set a $513.00 target price for the company. in a report on Wednesday, April 12th. Wells Fargo & Company lowered their target price on Lockheed Martin from $422.00 to $419.00 and set an “underweight” rating for the company in a report on Wednesday, April 19th. Finally, Sanford C. Bernstein raised their target price on Lockheed Martin from $478.00 to $496.00 and gave the company a “market perform” rating in a report on Thursday, April 20th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $494.79.
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. It operates through four segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space.