Xponance Inc. Has $22.06 Million Holdings in Lockheed Martin Co. (NYSE:LMT)

Xponance Inc. cut its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 4.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,667 shares of the aerospace company’s stock after selling 2,359 shares during the quarter. Xponance Inc.’s holdings in Lockheed Martin were worth $22,058,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LMT. Lee Financial Co lifted its position in Lockheed Martin by 367.6% during the 1st quarter. Lee Financial Co now owns 477 shares of the aerospace company’s stock worth $210,000 after buying an additional 375 shares in the last quarter. Vontobel Holding Ltd. lifted its position in Lockheed Martin by 240.0% during the 1st quarter. Vontobel Holding Ltd. now owns 4,124 shares of the aerospace company’s stock worth $1,821,000 after buying an additional 2,911 shares in the last quarter. Sei Investments Co. raised its holdings in shares of Lockheed Martin by 56.8% in the 1st quarter. Sei Investments Co. now owns 23,153 shares of the aerospace company’s stock valued at $9,995,000 after purchasing an additional 8,389 shares during the period. NewEdge Advisors LLC raised its holdings in shares of Lockheed Martin by 18.4% in the 1st quarter. NewEdge Advisors LLC now owns 28,807 shares of the aerospace company’s stock valued at $12,716,000 after purchasing an additional 4,472 shares during the period. Finally, Mackenzie Financial Corp raised its holdings in shares of Lockheed Martin by 20.4% in the 1st quarter. Mackenzie Financial Corp now owns 107,366 shares of the aerospace company’s stock valued at $47,391,000 after purchasing an additional 18,201 shares during the period. 74.19% of the stock is owned by institutional investors.

Insider Activity at Lockheed Martin

In related news, COO John Frank A. St sold 6,648 shares of the 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 available at this hyperlink. In other news, insider Gregory M. Ulmer sold 6,204 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $431.19, for a total transaction of $2,675,102.76. Following the completion of the transaction, the insider now owns 12,604 shares of the company’s stock, valued at $5,434,718.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO John Frank A. St sold 6,648 shares of the firm’s stock in a transaction 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. Insiders sold a total of 16,874 shares of company stock valued at $7,249,946 in the last quarter. Insiders own 0.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft upped their target price on shares of Lockheed Martin from $438.00 to $472.00 in a report on Monday, January 22nd. Susquehanna decreased 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. Royal Bank of Canada decreased their price target on shares of Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 24th. JPMorgan Chase & Co. upgraded shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and upped their price target for the company from $475.00 to $518.00 in a research note on Monday. Finally, UBS Group decreased their price target on shares of Lockheed Martin from $488.00 to $475.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 24th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $493.36.

Lockheed Martin Price Performance

NYSE:LMT traded up $0.04 on Thursday, hitting $456.09. The company had a trading volume of 714,581 shares, compared to its average volume of 1,153,973. The stock has a market capitalization of $109.69 billion, a price-to-earnings ratio of 16.55, a PEG ratio of 4.14 and a beta of 0.48. The company has a current ratio of 1.21, a quick ratio of 1.03 and a debt-to-equity ratio of 2.53. The firm has a 50 day moving average of $438.66 and a two-hundred day moving average of $442.12. Lockheed Martin Co. has a 52 week low of $393.77 and a 52 week high of $503.33.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, January 23rd. The aerospace company reported $7.90 EPS for the quarter, beating the consensus estimate of $7.26 by $0.64. The business had revenue of $18.87 billion during the quarter, compared to the consensus estimate of $17.96 billion. Lockheed Martin had a net margin of 10.24% and a return on equity of 79.91%. The firm’s revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $7.79 EPS. On average, research analysts anticipate that Lockheed Martin Co. will post 26.13 earnings per share for the current year.

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 1st were paid a $3.15 dividend. This represents a $12.60 annualized dividend and a yield of 2.76%. The ex-dividend date of this dividend was Thursday, February 29th. Lockheed Martin’s payout ratio is 45.74%.

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.