FourThought Financial Partners LLC Reduces Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

FourThought Financial Partners LLC trimmed its holdings in Lockheed Martin Co. (NYSE:LMT) by 4.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,985 shares of the aerospace company’s stock after selling 1,595 shares during the quarter. Lockheed Martin comprises about 1.9% of FourThought Financial Partners LLC’s investment portfolio, making the stock its 8th biggest holding. FourThought Financial Partners LLC’s holdings in Lockheed Martin were worth $14,950,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. International Assets Investment Management LLC lifted its holdings in shares of Lockheed Martin by 10,526.6% during the fourth quarter. International Assets Investment Management LLC now owns 1,362,228 shares of the aerospace company’s stock valued at $617,416,000 after purchasing an additional 1,349,409 shares during the last quarter. Vanguard Group Inc. raised its stake in Lockheed Martin by 1.3% during the third quarter. Vanguard Group Inc. now owns 22,302,719 shares of the aerospace company’s stock valued at $9,120,920,000 after buying an additional 279,162 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in Lockheed Martin by 28.5% in the third quarter. Envestnet Asset Management Inc. now owns 707,696 shares of the aerospace company’s stock worth $289,419,000 after acquiring an additional 156,842 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of Lockheed Martin by 4.0% in the third quarter. Wellington Management Group LLP now owns 3,158,783 shares of the aerospace company’s stock worth $1,291,816,000 after acquiring an additional 121,358 shares during the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of Lockheed Martin by 32.4% during the third quarter. AQR Capital Management LLC now owns 449,167 shares of the aerospace company’s stock valued at $183,691,000 after acquiring an additional 110,021 shares in the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on LMT. UBS Group upped their price target on shares of Lockheed Martin from $482.00 to $499.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Lockheed Martin from $467.00 to $487.00 and gave the stock a “hold” rating in a research note on Thursday, April 25th. Royal Bank of Canada reduced their price target on shares of Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 24th. Susquehanna lowered their price objective on Lockheed Martin from $550.00 to $540.00 and set a “positive” rating on the stock in a research report on Wednesday, January 24th. Finally, Citigroup lifted their target price on Lockheed Martin from $508.00 to $525.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $485.40.

Insider Buying and Selling at Lockheed Martin

In other news, COO John Frank A. St sold 6,648 shares of Lockheed Martin 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, COO John Frank A. St sold 6,648 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $425.35, for a total value of $2,827,726.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Maryanne Lavan sold 4,022 shares of the business’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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,874 shares of company stock valued at $7,249,946. Insiders own 0.17% of the company’s stock.

Lockheed Martin Stock Performance

Shares of NYSE LMT traded down $1.29 during midday trading on Friday, hitting $461.91. 910,781 shares of the stock traded hands, compared to its average volume of 1,142,922. The firm has a market capitalization of $110.83 billion, a P/E ratio of 16.90, a PEG ratio of 4.24 and a beta of 0.46. Lockheed Martin Co. has a one year low of $393.77 and a one year high of $479.50. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.11 and a current ratio of 1.30. The firm has a 50-day moving average of $447.42 and a two-hundred day moving average of $445.38.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share for the quarter, beating analysts’ consensus estimates of $5.80 by $0.53. The company had revenue of $17.20 billion for the quarter, compared to the consensus estimate of $16.04 billion. Lockheed Martin had a return on equity of 85.96% and a net margin of 9.73%. Lockheed Martin’s revenue was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.43 earnings per share. On average, equities analysts forecast that Lockheed Martin Co. will post 26.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

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 given a dividend of $3.15 per share. The ex-dividend date is Monday, June 3rd. This represents a $12.60 annualized dividend and a yield of 2.73%. Lockheed Martin’s dividend payout ratio (DPR) is 46.10%.

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.