Lockheed Martin Co. (NYSE:LMT) Holdings Lowered by Vicus Capital

Vicus Capital trimmed its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 14.9% in the 4th quarter, HoldingsChannel reports. The firm owned 2,176 shares of the aerospace company’s stock after selling 380 shares during the quarter. Vicus Capital’s holdings in Lockheed Martin were worth $986,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Criterion Capital Advisors LLC purchased a new stake in Lockheed Martin in the 4th quarter worth about $41,000. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Lockheed Martin by 1.9% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,491 shares of the aerospace company’s stock worth $9,741,000 after acquiring an additional 403 shares in the last quarter. Gradient Capital Advisors LLC lifted its stake in Lockheed Martin by 1.4% in the 4th quarter. Gradient Capital Advisors LLC now owns 1,947 shares of the aerospace company’s stock worth $883,000 after acquiring an additional 26 shares in the last quarter. Signaturefd LLC lifted its stake in Lockheed Martin by 2.1% in the 4th quarter. Signaturefd LLC now owns 5,515 shares of the aerospace company’s stock worth $2,500,000 after acquiring an additional 113 shares in the last quarter. Finally, Nicholas Hoffman & Company LLC. lifted its stake in Lockheed Martin by 4.3% in the 4th quarter. Nicholas Hoffman & Company LLC. now owns 2,757 shares of the aerospace company’s stock worth $1,250,000 after acquiring an additional 113 shares in the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Stock Up 1.7 %

Shares of NYSE LMT traded up $7.78 during mid-day trading on Friday, reaching $463.87. 1,388,020 shares of the company traded hands, compared to its average volume of 1,002,270. 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 has a market cap of $111.56 billion, a PE ratio of 16.85, a price-to-earnings-growth ratio of 4.16 and a beta of 0.48. The company’s fifty day moving average is $440.00 and its two-hundred day moving average is $442.60. Lockheed Martin Co. has a fifty-two week low of $393.77 and a fifty-two week high of $495.83.

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

Lockheed Martin Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 1st were issued a $3.15 dividend. This represents a $12.60 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date was Thursday, February 29th. Lockheed Martin’s dividend payout ratio (DPR) is currently 45.74%.

Insider Buying and Selling at Lockheed Martin

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 stock was sold at an average price of $434.39, for a total value of $1,747,116.58. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Lockheed Martin news, insider Gregory M. Ulmer sold 6,204 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $431.19, for a total value of $2,675,102.76. Following the completion of the sale, the insider now owns 12,604 shares in the company, valued at approximately $5,434,718.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Maryanne Lavan sold 4,022 shares of the firm’s stock in a transaction that occurred on 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 16,874 shares of company stock valued at $7,249,946 in the last 90 days. 0.17% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on LMT shares. UBS Group dropped their target price on Lockheed Martin from $488.00 to $475.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft upped their target price on Lockheed Martin from $438.00 to $472.00 in a research report on Monday, January 22nd. Citigroup dropped their target price on Lockheed Martin from $540.00 to $508.00 and set a “buy” rating on the stock in a research report on Wednesday, January 24th. Morgan Stanley dropped their target price on Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 24th. Finally, Royal Bank of Canada dropped their target price on Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 24th. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $487.70.

About Lockheed Martin

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.