AllGen Financial Advisors Inc. Decreases Holdings in Lockheed Martin Co. (NYSE:LMT)

AllGen Financial Advisors Inc. reduced its position in Lockheed Martin Co. (NYSE:LMT) by 9.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 476 shares of the aerospace company’s stock after selling 50 shares during the period. AllGen Financial Advisors Inc.’s holdings in Lockheed Martin were worth $216,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LMT. Gallacher Capital Management LLC increased its holdings in Lockheed Martin by 18.8% during the 4th quarter. Gallacher Capital Management LLC now owns 1,855 shares of the aerospace company’s stock valued at $841,000 after acquiring an additional 294 shares in the last quarter. TCI Wealth Advisors Inc. raised its position in shares of Lockheed Martin by 62.9% during the 4th quarter. TCI Wealth Advisors Inc. now owns 2,875 shares of the aerospace company’s stock worth $1,303,000 after purchasing an additional 1,110 shares during the last quarter. W.H. Cornerstone Investments Inc. purchased a new stake in Lockheed Martin in the 4th quarter valued at approximately $207,000. Evergreen Wealth Management LLC grew its holdings in Lockheed Martin by 2.6% during the 4th quarter. Evergreen Wealth Management LLC now owns 5,383 shares of the aerospace company’s stock valued at $2,440,000 after buying an additional 136 shares during the last quarter. Finally, Connecticut Wealth Management LLC increased its position in Lockheed Martin by 19.2% during the fourth quarter. Connecticut Wealth Management LLC now owns 759 shares of the aerospace company’s stock worth $344,000 after buying an additional 122 shares in the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Lockheed Martin

In related 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, insider Gregory M. Ulmer sold 6,204 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $431.19, for a total transaction of $2,675,102.76. Following the sale, the insider now directly owns 12,604 shares in the company, valued at approximately $5,434,718.76. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO John Frank A. St sold 6,648 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $425.35, for a total value of $2,827,726.80. The disclosure for this sale can be found here. Insiders sold 16,874 shares of company stock valued at $7,249,946 over the last 90 days. Corporate insiders own 0.17% of the company’s stock.

Lockheed Martin Trading Down 0.3 %

Shares of LMT traded down $1.29 during mid-day trading on Friday, reaching $461.91. The company had a trading volume of 910,781 shares, compared to its average volume of 1,142,922. The stock has a market cap of $110.83 billion, a price-to-earnings ratio of 16.90, a price-to-earnings-growth ratio of 4.23 and a beta of 0.46. The company has a current ratio of 1.30, a quick ratio of 1.11 and a debt-to-equity ratio of 2.89. The firm has a fifty day simple moving average of $447.42 and a 200-day simple moving average of $445.41. Lockheed Martin Co. has a fifty-two week low of $393.77 and a fifty-two week high of $479.50.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.80 by $0.53. The firm had revenue of $17.20 billion during 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%. The firm’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $6.43 earnings per share. On average, sell-side analysts anticipate that Lockheed Martin Co. will post 26.15 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders 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 dividend on an annualized basis and a yield of 2.73%. Lockheed Martin’s dividend payout ratio (DPR) is 46.10%.

Analyst Upgrades and Downgrades

LMT has been the topic of several recent research reports. UBS Group upped their price objective on Lockheed Martin from $482.00 to $499.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Royal Bank of Canada lowered 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 report on Wednesday, January 24th. Citigroup boosted their price objective on shares of Lockheed Martin from $508.00 to $525.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. The Goldman Sachs Group decreased their target price on shares of Lockheed Martin from $380.00 to $377.00 and set a “sell” rating on the stock in a research report on Tuesday, April 23rd. Finally, StockNews.com upgraded Lockheed Martin from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $485.40.

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.