Lockheed Martin Co. (NYSE:LMT) Stock Holdings Lessened by AllGen Financial Advisors Inc.

AllGen Financial Advisors Inc. cut its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 9.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 476 shares of the aerospace company’s stock after selling 50 shares during the quarter. AllGen Financial Advisors Inc.’s holdings in Lockheed Martin were worth $216,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Chicago Capital LLC increased its stake in Lockheed Martin by 12.7% in the 3rd quarter. Chicago Capital LLC now owns 1,595 shares of the aerospace company’s stock worth $652,000 after purchasing an additional 180 shares in the last quarter. Concord Wealth Partners increased its position in shares of Lockheed Martin by 100.7% in the third quarter. Concord Wealth Partners now owns 3,175 shares of the aerospace company’s stock worth $1,299,000 after acquiring an additional 1,593 shares in the last quarter. Lindbrook Capital LLC raised its holdings in shares of Lockheed Martin by 3.3% during the third quarter. Lindbrook Capital LLC now owns 876 shares of the aerospace company’s stock valued at $358,000 after acquiring an additional 28 shares during the period. Verdence Capital Advisors LLC lifted its position in shares of Lockheed Martin by 22.0% in the 3rd quarter. Verdence Capital Advisors LLC now owns 2,718 shares of the aerospace company’s stock valued at $1,112,000 after acquiring an additional 490 shares in the last quarter. Finally, Keating Investment Counselors Inc. boosted its stake in Lockheed Martin by 1.4% in the 3rd quarter. Keating Investment Counselors Inc. now owns 17,722 shares of the aerospace company’s stock worth $7,248,000 after purchasing an additional 252 shares during the period. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on LMT shares. Susquehanna cut their target price on shares of Lockheed Martin from $550.00 to $540.00 and set a “positive” rating on the stock in a research note on Wednesday, January 24th. JPMorgan Chase & Co. raised Lockheed Martin from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $475.00 to $518.00 in a research note on Monday, April 15th. StockNews.com raised Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research note on Thursday, April 25th. 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 report on Wednesday, January 24th. Finally, Morgan Stanley decreased their price target on shares of Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating for the company in a report on Wednesday, January 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $485.40.

Lockheed Martin Stock Down 0.3 %

NYSE:LMT traded down $1.29 during mid-day trading on Friday, reaching $461.91. The stock had a trading volume of 910,781 shares, compared to its average volume of 1,142,922. The stock has a market cap of $110.83 billion, a P/E ratio of 16.90, a PEG ratio of 4.23 and a beta of 0.46. The business’s 50 day moving average is $447.42 and its 200 day moving average is $445.41. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.30 and a quick ratio of 1.11. Lockheed Martin Co. has a fifty-two week low of $393.77 and a fifty-two week high of $479.50.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 EPS for the quarter, topping the consensus estimate of $5.80 by $0.53. The company had revenue of $17.20 billion during the quarter, compared to the consensus estimate of $16.04 billion. Lockheed Martin had a net margin of 9.73% and a return on equity of 85.96%. The company’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $6.43 earnings per share. As a group, sell-side analysts predict that Lockheed Martin Co. will post 26.15 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 3rd will be given a $3.15 dividend. The ex-dividend date is Monday, June 3rd. This represents a $12.60 dividend on an annualized basis and a dividend yield of 2.73%. Lockheed Martin’s dividend payout ratio is currently 46.10%.

Insiders Place Their Bets

In other news, insider Gregory M. Ulmer sold 6,204 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $431.19, for a total transaction of $2,675,102.76. Following the transaction, the insider now owns 12,604 shares of the company’s stock, valued at approximately $5,434,718.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, insider Gregory M. Ulmer sold 6,204 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $431.19, for a total value of $2,675,102.76. Following the transaction, the insider now directly owns 12,604 shares in the company, valued at approximately $5,434,718.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO John Frank A. St sold 6,648 shares of Lockheed Martin 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 sold 16,874 shares of company stock valued at $7,249,946 over the last quarter. Insiders own 0.17% of the company’s stock.

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.