Lockheed Martin Co. (NYSE:LMT) Shares Sold by AXQ Capital LP

AXQ Capital LP trimmed its position in Lockheed Martin Co. (NYSE:LMT) by 21.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,928 shares of the aerospace company’s stock after selling 799 shares during the quarter. Lockheed Martin comprises 0.6% of AXQ Capital LP’s investment portfolio, making the stock its 22nd biggest position. AXQ Capital LP’s holdings in Lockheed Martin were worth $1,423,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of LMT. Prospera Private Wealth LLC purchased a new stake in shares of Lockheed Martin in the 3rd quarter valued at approximately $99,000. Segall Bryant & Hamill LLC purchased a new stake in shares of Lockheed Martin in the 3rd quarter valued at approximately $7,039,000. King Luther Capital Management Corp raised its stake in shares of Lockheed Martin by 1.1% in the 3rd quarter. King Luther Capital Management Corp now owns 7,652 shares of the aerospace company’s stock valued at $4,473,000 after acquiring an additional 85 shares during the period. Trustmark National Bank Trust Department increased its stake in Lockheed Martin by 5.9% during the 3rd quarter. Trustmark National Bank Trust Department now owns 665 shares of the aerospace company’s stock worth $389,000 after buying an additional 37 shares during the period. Finally, Pacer Advisors Inc. increased its stake in Lockheed Martin by 9.1% during the 3rd quarter. Pacer Advisors Inc. now owns 27,577 shares of the aerospace company’s stock worth $16,120,000 after buying an additional 2,298 shares during the period. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Stock Down 5.7 %

Shares of NYSE:LMT opened at $440.26 on Friday. The stock has a market cap of $103.63 billion, a P/E ratio of 19.78, a P/E/G ratio of 2.07 and a beta of 0.43. The firm has a fifty day moving average price of $460.94 and a 200 day moving average price of $515.23. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95. Lockheed Martin Co. has a 1-year low of $419.70 and a 1-year high of $618.95.

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

Lockheed Martin Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be given a dividend of $3.30 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a yield of 3.00%. Lockheed Martin’s payout ratio is currently 59.30%.

Insiders Place Their Bets

In other news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the stock in a transaction dated 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 transaction, the insider now owns 2,000 shares in the company, valued at $884,840. This trade represents a 61.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Harry Edward Paul III sold 707 shares of the stock in a transaction dated Wednesday, February 26th. The shares were 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 of the company’s stock, valued at $1,008,265.58. This represents a 23.69 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,133 shares of company stock worth $3,155,916. 0.14% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on LMT shares. Wells Fargo & Company reaffirmed an “equal weight” rating on shares of Lockheed Martin in a research note on Monday, March 10th. StockNews.com downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Friday, January 31st. UBS Group dropped their price objective on shares of Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 29th. Citigroup dropped their price objective on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a research report on Tuesday, January 21st. Finally, Royal Bank of Canada dropped their price objective on shares of Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Lockheed Martin has an average rating of “Moderate Buy” and a consensus price target of $554.20.

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.