Lockheed Martin Co. (NYSE:LMT) Stock Holdings Lessened by Tocqueville Asset Management L.P.

Tocqueville Asset Management L.P. cut its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 0.5% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 75,541 shares of the aerospace company’s stock after selling 402 shares during the period. Tocqueville Asset Management L.P.’s holdings in Lockheed Martin were worth $36,708,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Itau Unibanco Holding S.A. acquired a new stake in shares of Lockheed Martin during the 3rd quarter valued at about $26,000. Heck Capital Advisors LLC acquired a new stake in Lockheed Martin in the fourth quarter valued at approximately $35,000. Legacy Investment Solutions LLC bought a new stake in Lockheed Martin in the third quarter worth approximately $42,000. Sugar Maple Asset Management LLC acquired a new position in shares of Lockheed Martin during the 4th quarter worth $47,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in shares of Lockheed Martin during the 4th quarter worth $52,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Insider Activity

In related news, VP Harry Edward Paul III sold 707 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $442.61, for a total transaction of $312,925.27. Following the completion of the transaction, the vice president now owns 2,278 shares in the company, valued at $1,008,265.58. This trade represents a 23.69 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the company’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $442.42, for a total value of $1,421,495.46. Following the completion of the sale, the insider now owns 2,000 shares in the company, valued at $884,840. This trade represents a 61.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,133 shares of company stock worth $3,155,916. Corporate insiders own 0.17% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Wells Fargo & Company reiterated an “equal weight” rating on shares of Lockheed Martin in a report on Monday, March 10th. Deutsche Bank Aktiengesellschaft downgraded Lockheed Martin from a “buy” rating to a “hold” rating and decreased their price target for the stock from $611.00 to $523.00 in a research note on Thursday, January 2nd. JPMorgan Chase & Co. cut their price objective on Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. StockNews.com cut Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Friday, January 31st. Finally, Morgan Stanley dropped their price target on shares of Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $554.20.

Lockheed Martin Trading Up 0.2 %

Shares of LMT opened at $467.32 on Tuesday. The stock’s 50-day moving average price is $461.40 and its 200 day moving average price is $517.49. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10. Lockheed Martin Co. has a 12-month low of $419.70 and a 12-month high of $618.95. The firm has a market capitalization of $110.00 billion, a price-to-earnings ratio of 20.99, a P/E/G ratio of 2.07 and a beta of 0.43.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. As a group, research analysts predict that Lockheed Martin Co. will post 27.15 earnings per share for the current year.

Lockheed Martin Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be issued a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date of this dividend is Monday, March 3rd. Lockheed Martin’s payout ratio is 59.30%.

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.