Lockheed Martin Co. (NYSE:LMT) Shares Sold by Latitude Advisors LLC

Latitude Advisors LLC decreased its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 20.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,015 shares of the aerospace company’s stock after selling 267 shares during the period. Latitude Advisors LLC’s holdings in Lockheed Martin were worth $493,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of LMT. Sovran Advisors LLC acquired a new position in shares of Lockheed Martin in the 4th quarter worth approximately $296,000. Stonebridge Financial Group LLC acquired a new position in Lockheed Martin in the fourth quarter worth $147,000. Essex Financial Services Inc. increased its stake in Lockheed Martin by 6.5% during the fourth quarter. Essex Financial Services Inc. now owns 6,813 shares of the aerospace company’s stock valued at $3,311,000 after purchasing an additional 415 shares during the last quarter. Mill Creek Capital Advisors LLC raised its holdings in shares of Lockheed Martin by 14.5% during the fourth quarter. Mill Creek Capital Advisors LLC now owns 1,966 shares of the aerospace company’s stock worth $955,000 after purchasing an additional 249 shares during the period. Finally, First Fiduciary Investment Counsel Inc. boosted its holdings in shares of Lockheed Martin by 0.7% in the 4th quarter. First Fiduciary Investment Counsel Inc. now owns 26,734 shares of the aerospace company’s stock valued at $12,991,000 after buying an additional 176 shares during the period. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Stock Performance

NYSE:LMT opened at $447.91 on Tuesday. 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 company has a 50-day moving average of $484.84 and a 200-day moving average of $535.98. Lockheed Martin Co. has a twelve month low of $413.92 and a twelve month high of $618.95. The firm has a market cap of $105.43 billion, a price-to-earnings ratio of 20.12, a price-to-earnings-growth ratio of 2.12 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last issued its 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%. Analysts forecast that Lockheed Martin Co. will post 27.14 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently announced 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 annualized dividend and a dividend yield of 2.95%. The ex-dividend date is Monday, March 3rd. Lockheed Martin’s dividend payout ratio is 59.30%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Robert W. Baird raised their target price on shares of Lockheed Martin from $519.00 to $626.00 in a report on Tuesday, October 22nd. Susquehanna cut their target price on Lockheed Martin from $590.00 to $550.00 and set a “positive” rating on the stock in a research note on Wednesday, January 29th. Barclays lowered their price target on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a research report on Monday, January 6th. Deutsche Bank Aktiengesellschaft lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating and reduced their target price for the company from $611.00 to $523.00 in a research note on Thursday, January 2nd. Finally, StockNews.com cut Lockheed Martin from a “buy” rating to a “hold” rating in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $555.60.

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.