Martin Capital Partners LLC Reduces Stock Position in Lockheed Martin Co. (NYSE:LMT)

Martin Capital Partners LLC reduced its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 77.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,002 shares of the aerospace company’s stock after selling 7,043 shares during the quarter. Martin Capital Partners LLC’s holdings in Lockheed Martin were worth $973,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in LMT. Itau Unibanco Holding S.A. purchased a new position in shares of Lockheed Martin during the third quarter worth about $26,000. Burkett Financial Services LLC purchased a new stake in Lockheed Martin in the 3rd quarter valued at $32,000. Heck Capital Advisors LLC acquired a new position in Lockheed Martin in the fourth quarter valued at $35,000. Capital Performance Advisors LLP purchased a new stake in shares of Lockheed Martin in the third quarter valued at about $40,000. Finally, Legacy Investment Solutions LLC purchased a new position in shares of Lockheed Martin during the third quarter worth about $42,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Price Performance

Shares of NYSE LMT opened at $454.00 on Wednesday. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10. The stock has a market cap of $106.87 billion, a price-to-earnings ratio of 20.40, a PEG ratio of 2.96 and a beta of 0.48. The company’s 50-day moving average price is $489.62 and its 200 day moving average price is $537.03. Lockheed Martin Co. has a 52 week low of $413.92 and a 52 week high of $618.95.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data 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%. As a group, research analysts forecast that Lockheed Martin Co. will post 27.29 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The company also recently declared 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. The ex-dividend date is Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.91%. Lockheed Martin’s dividend payout ratio (DPR) is presently 59.30%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on LMT shares. Robert W. Baird increased their price objective on Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday, October 22nd. TD Cowen boosted their price objective on shares of Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Barclays reduced their target price on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a research note on Monday, January 6th. Susquehanna dropped their price target on shares of Lockheed Martin from $590.00 to $550.00 and set a “positive” rating on the stock in a research note on Wednesday, January 29th. Finally, UBS Group reduced their price objective on shares of Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating for the company 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 assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Lockheed Martin has a consensus rating of “Moderate Buy” and a consensus target price of $555.60.

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.