Xponance Inc. Reduces Stake in Lockheed Martin Co. (NYSE:LMT)

Xponance Inc. reduced its position in Lockheed Martin Co. (NYSE:LMT) by 4.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,667 shares of the aerospace company’s stock after selling 2,359 shares during the period. Xponance Inc.’s holdings in Lockheed Martin were worth $22,058,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Oliver Lagore Vanvalin Investment Group increased its stake in Lockheed Martin by 24.0% in the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 238 shares of the aerospace company’s stock valued at $108,000 after purchasing an additional 46 shares in the last quarter. Investors Asset Management of Georgia Inc. GA ADV increased its position in Lockheed Martin by 6.7% during the fourth quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 3,990 shares of the aerospace company’s stock worth $1,807,000 after buying an additional 250 shares in the last quarter. Delta Financial Advisors LLC increased its position in Lockheed Martin by 32.3% during the fourth quarter. Delta Financial Advisors LLC now owns 1,270 shares of the aerospace company’s stock worth $576,000 after buying an additional 310 shares in the last quarter. OLD Second National Bank of Aurora increased its position in Lockheed Martin by 18.7% during the fourth quarter. OLD Second National Bank of Aurora now owns 572 shares of the aerospace company’s stock worth $259,000 after buying an additional 90 shares in the last quarter. Finally, HF Advisory Group LLC increased its position in Lockheed Martin by 25.6% during the fourth quarter. HF Advisory Group LLC now owns 1,548 shares of the aerospace company’s stock worth $701,000 after buying an additional 316 shares in the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Lockheed Martin news, COO John Frank A. St sold 6,648 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $425.35, for a total transaction of $2,827,726.80. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, COO John Frank A. St sold 6,648 shares of Lockheed Martin stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $425.35, for a total transaction of $2,827,726.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Maryanne Lavan sold 4,022 shares of Lockheed Martin stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total value of $1,747,116.58. The disclosure for this sale can be found here. Insiders have sold a total of 16,874 shares of company stock worth $7,249,946 over the last quarter. 0.17% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

LMT has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft raised their price target on Lockheed Martin from $438.00 to $472.00 in a research report on Monday, January 22nd. JPMorgan Chase & Co. raised Lockheed Martin from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $475.00 to $518.00 in a research report on Monday. Royal Bank of Canada lowered their price objective on Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 24th. UBS Group lowered their price objective on Lockheed Martin from $488.00 to $475.00 and set a “neutral” rating for the company in a research report on Wednesday, January 24th. Finally, Susquehanna lowered their price objective on Lockheed Martin from $550.00 to $540.00 and set a “positive” rating for the company in a research report on Wednesday, January 24th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Lockheed Martin currently has a consensus rating of “Hold” and a consensus target price of $493.36.

Lockheed Martin Trading Up 0.0 %

Lockheed Martin stock traded up $0.04 during midday trading on Thursday, reaching $456.09. The stock had a trading volume of 714,581 shares, compared to its average volume of 1,153,973. Lockheed Martin Co. has a twelve month low of $393.77 and a twelve month high of $503.33. The stock has a market capitalization of $109.69 billion, a PE ratio of 16.55, a price-to-earnings-growth ratio of 4.14 and a beta of 0.48. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.03 and a current ratio of 1.21. The stock’s 50-day simple moving average is $438.66 and its 200 day simple moving average is $442.12.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data 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 company had revenue of $18.87 billion for the quarter, compared to analysts’ expectations of $17.96 billion. Lockheed Martin had a return on equity of 79.91% and a net margin of 10.24%. The firm’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $7.79 earnings per share. Analysts expect that Lockheed Martin Co. will post 26.13 EPS for the current year.

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 1st were paid a dividend of $3.15 per share. This represents a $12.60 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date of this dividend was Thursday, February 29th. Lockheed Martin’s dividend payout ratio is presently 45.74%.

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.