Traders Sell Lockheed Martin (LMT) on Strength (LMT)

Investors sold shares of Lockheed Martin Co. (NYSE:LMT) on strength during trading on Monday. $79.43 million flowed into the stock on the tick-up and $153.67 million flowed out of the stock on the tick-down, for a money net flow of $74.24 million out of the stock. Of all equities tracked, Lockheed Martin had the 0th highest net out-flow for the day. Lockheed Martin traded up $3.10 for the day and closed at $345.70

Several equities research analysts have commented on the stock. Morgan Stanley decreased their price objective on shares of Lockheed Martin from $388.00 to $373.00 and set an “overweight” rating for the company in a research note on Thursday, April 12th. Barclays initiated coverage on shares of Lockheed Martin in a research note on Thursday, March 29th. They issued an “equal weight” rating and a $369.00 price objective for the company. Zacks Investment Research downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Tuesday, March 13th. Argus increased their target price on shares of Lockheed Martin from $340.00 to $385.00 and gave the company a “buy” rating in a research report on Tuesday, February 6th. Finally, Buckingham Research increased their target price on shares of Lockheed Martin from $348.00 to $403.00 and gave the company a “buy” rating in a research report on Monday, February 5th. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $374.14.

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The firm has a market capitalization of $98,721.83, a P/E ratio of 26.19, a P/E/G ratio of 3.04 and a beta of 0.72. The company has a current ratio of 1.38, a quick ratio of 1.03 and a debt-to-equity ratio of -22.19.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Monday, January 29th. The aerospace company reported $4.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $4.06 by $0.24. The company had revenue of $15.14 billion during the quarter, compared to the consensus estimate of $14.72 billion. Lockheed Martin had a net margin of 3.92% and a return on equity of 354.55%. Lockheed Martin’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period last year, the firm earned $3.25 EPS. equities analysts predict that Lockheed Martin Co. will post 15.52 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 23rd. Investors of record on Thursday, March 1st were issued a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend was Wednesday, February 28th. Lockheed Martin’s dividend payout ratio (DPR) is presently 60.02%.

In other Lockheed Martin news, insider Richard F. Ambrose sold 7,517 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $357.89, for a total value of $2,690,259.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Marillyn A. Hewson sold 19,000 shares of the firm’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $346.74, for a total transaction of $6,588,060.00. Following the completion of the transaction, the chairman now directly owns 80,478 shares of the company’s stock, valued at $27,904,941.72. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by company insiders.

A number of large investors have recently made changes to their positions in the business. KCM Investment Advisors LLC boosted its holdings in Lockheed Martin by 2.4% in the 4th quarter. KCM Investment Advisors LLC now owns 18,912 shares of the aerospace company’s stock valued at $6,072,000 after purchasing an additional 445 shares during the period. Buckingham Capital Management Inc. bought a new position in Lockheed Martin in the 3rd quarter valued at $208,000. Fairfield Bush & CO. boosted its holdings in Lockheed Martin by 34.5% in the 4th quarter. Fairfield Bush & CO. now owns 4,480 shares of the aerospace company’s stock valued at $1,438,000 after purchasing an additional 1,150 shares during the period. D.B. Root & Company LLC bought a new position in Lockheed Martin in the 4th quarter valued at $971,000. Finally, Certified Advisory Corp bought a new position in Lockheed Martin in the 4th quarter valued at $1,362,000. 78.47% of the stock is owned by hedge funds and other institutional investors.

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About Lockheed Martin

Lockheed Martin Corporation is a security and aerospace company. The Company operates through four segments. Aeronautics segment is engaged in the research, design, development, manufacture, integration, sustainment, support and upgrade of military aircraft, including combat and air mobility aircraft, unmanned air vehicles and related technologies.

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