Lipe & Dalton Sells 30 Shares of Lockheed Martin Co. (NYSE:LMT)

Lipe & Dalton reduced its position in Lockheed Martin Co. (NYSE:LMT) by 0.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,855 shares of the aerospace company’s stock after selling 30 shares during the quarter. Lipe & Dalton’s holdings in Lockheed Martin were worth $2,200,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Comerica Bank purchased a new position in shares of Lockheed Martin in the second quarter worth $280,000. Bank Julius Baer & Co. Ltd Zurich lifted its stake in Lockheed Martin by 73.0% in the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 64 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 27 shares in the last quarter. Coppell Advisory Solutions Corp. bought a new position in shares of Lockheed Martin during the 4th quarter valued at about $31,000. Activest Wealth Management grew its position in shares of Lockheed Martin by 1,200.0% during the fourth quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 60 shares in the last quarter. Finally, KB Financial Partners LLC bought a new stake in shares of Lockheed Martin in the first quarter worth about $35,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Trading Up 0.3 %

Shares of LMT traded up $1.23 during mid-day trading on Tuesday, reaching $454.31. 1,451,397 shares of the company’s stock traded hands, compared to its average volume of 1,167,676. Lockheed Martin Co. has a 12 month low of $393.77 and a 12 month high of $508.10. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.21 and a quick ratio of 1.03. The stock has a market cap of $109.26 billion, a P/E ratio of 16.46, a P/E/G ratio of 4.11 and a beta of 0.48. The stock’s 50-day moving average is $437.60 and its two-hundred day moving average is $441.70.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Tuesday, January 23rd. The aerospace company reported $7.90 EPS for the quarter, topping analysts’ consensus estimates of $7.26 by $0.64. The firm had revenue of $18.87 billion for the quarter, compared to analysts’ expectations of $17.96 billion. Lockheed Martin had a net margin of 10.24% and a return on equity of 79.91%. The business’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the prior year, the business posted $7.79 earnings per share. Research analysts forecast that Lockheed Martin Co. will post 26.13 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 1st were paid a $3.15 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $12.60 annualized dividend and a yield of 2.77%. Lockheed Martin’s dividend payout ratio (DPR) is currently 45.74%.

Analysts Set New Price Targets

Several research firms have weighed in on LMT. Deutsche Bank Aktiengesellschaft raised their price target on Lockheed Martin from $438.00 to $472.00 in a report on Monday, January 22nd. Royal Bank of Canada cut their target price on shares of Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating for the company in a report on Wednesday, January 24th. Citigroup decreased their price target on shares of Lockheed Martin from $540.00 to $508.00 and set a “buy” rating on the stock in a research note on Wednesday, January 24th. Susquehanna dropped their price objective on shares of Lockheed Martin from $550.00 to $540.00 and set a “positive” rating for the company in a research note on Wednesday, January 24th. Finally, JPMorgan Chase & Co. upgraded shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and upped their target price for the company from $475.00 to $518.00 in a research report on Monday. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $493.36.

Insiders Place Their Bets

In other news, SVP Maryanne Lavan sold 4,022 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total transaction of $1,747,116.58. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Lockheed Martin news, SVP Maryanne Lavan sold 4,022 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $434.39, for a total transaction of $1,747,116.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO John Frank A. St sold 6,648 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $425.35, for a total transaction of $2,827,726.80. The disclosure for this sale can be found here. Insiders have sold 16,874 shares of company stock worth $7,249,946 in the last ninety days. 0.14% of the stock is owned by company insiders.

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.