Lockheed Martin Co. (NYSE:LMT) Position Cut by Paradigm Asset Management Co. LLC

Paradigm Asset Management Co. LLC lessened its position in Lockheed Martin Co. (NYSE:LMT) by 59.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,100 shares of the aerospace company’s stock after selling 1,600 shares during the period. Paradigm Asset Management Co. LLC’s holdings in Lockheed Martin were worth $535,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. McAdam LLC raised its stake in shares of Lockheed Martin by 101.7% during the third quarter. McAdam LLC now owns 1,178 shares of the aerospace company’s stock valued at $689,000 after purchasing an additional 594 shares in the last quarter. YHB Investment Advisors Inc. increased its stake in Lockheed Martin by 28.0% during the 3rd quarter. YHB Investment Advisors Inc. now owns 685 shares of the aerospace company’s stock valued at $400,000 after buying an additional 150 shares during the period. Romano Brothers AND Company raised its position in shares of Lockheed Martin by 6.6% during the 3rd quarter. Romano Brothers AND Company now owns 595 shares of the aerospace company’s stock worth $348,000 after buying an additional 37 shares in the last quarter. DT Investment Partners LLC lifted its stake in shares of Lockheed Martin by 2.5% in the 3rd quarter. DT Investment Partners LLC now owns 968 shares of the aerospace company’s stock worth $566,000 after acquiring an additional 24 shares during the period. Finally, Investment Research & Advisory Group Inc. boosted its holdings in shares of Lockheed Martin by 2.2% in the third quarter. Investment Research & Advisory Group Inc. now owns 5,146 shares of the aerospace company’s stock valued at $3,008,000 after acquiring an additional 113 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. StockNews.com cut Lockheed Martin from a “buy” rating to a “hold” rating in a report on Friday, January 31st. Wells Fargo & Company dropped their price objective on Lockheed Martin from $500.00 to $497.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 30th. Citigroup decreased their target price on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a research note on Tuesday, January 21st. Barclays dropped their price target on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a research report on Monday, January 6th. Finally, Morgan Stanley cut their price target on shares of Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating for the company in a report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Lockheed Martin currently has a consensus rating of “Moderate Buy” and an average price target of $555.60.

Lockheed Martin Stock Up 1.1 %

LMT stock opened at $441.20 on Friday. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95. The firm has a market capitalization of $103.86 billion, a P/E ratio of 19.82, a P/E/G ratio of 2.05 and a beta of 0.48. Lockheed Martin Co. has a 52-week low of $419.70 and a 52-week high of $618.95. The company’s 50 day simple moving average is $469.94 and its 200-day simple moving average is $528.97.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, beating the consensus estimate 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, equities research analysts anticipate that Lockheed Martin Co. will post 27.15 EPS for the current year.

Lockheed Martin Dividend Announcement

The firm 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 is Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a yield of 2.99%. Lockheed Martin’s payout ratio is presently 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.