Buckhead Capital Management LLC Sells 162 Shares of Lockheed Martin Co. (LMT)

Buckhead Capital Management LLC lessened its position in shares of Lockheed Martin Co. (NYSE:LMT) by 2.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 7,982 shares of the aerospace company’s stock after selling 162 shares during the quarter. Buckhead Capital Management LLC’s holdings in Lockheed Martin were worth $2,090,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Lederer & Associates Investment Counsel CA raised its stake in shares of Lockheed Martin by 0.7% in the fourth quarter. Lederer & Associates Investment Counsel CA now owns 5,149 shares of the aerospace company’s stock valued at $1,348,000 after acquiring an additional 35 shares in the last quarter. Physicians Financial Services Inc. raised its stake in shares of Lockheed Martin by 0.8% in the fourth quarter. Physicians Financial Services Inc. now owns 4,795 shares of the aerospace company’s stock valued at $1,256,000 after acquiring an additional 37 shares in the last quarter. FTB Advisors Inc. raised its stake in shares of Lockheed Martin by 6.1% in the fourth quarter. FTB Advisors Inc. now owns 683 shares of the aerospace company’s stock valued at $178,000 after acquiring an additional 39 shares in the last quarter. Brasada Capital Management LP raised its stake in shares of Lockheed Martin by 2.3% in the fourth quarter. Brasada Capital Management LP now owns 1,806 shares of the aerospace company’s stock valued at $473,000 after acquiring an additional 40 shares in the last quarter. Finally, Polaris Greystone Financial Group LLC raised its stake in shares of Lockheed Martin by 5.1% in the fourth quarter. Polaris Greystone Financial Group LLC now owns 911 shares of the aerospace company’s stock valued at $239,000 after acquiring an additional 44 shares in the last quarter. 78.34% of the stock is owned by institutional investors and hedge funds.

Several brokerages have recently issued reports on LMT. Susquehanna Bancshares began coverage on Lockheed Martin in a research note on Thursday, January 10th. They issued a “positive” rating and a $321.00 price objective on the stock. Jefferies Financial Group reiterated a “hold” rating and issued a $274.00 price objective on shares of Lockheed Martin in a research note on Wednesday, January 9th. Morgan Stanley cut Lockheed Martin from an “overweight” rating to an “equal weight” rating and set a $300.00 price objective on the stock. in a research note on Wednesday, January 9th. Robert W. Baird reiterated a “buy” rating and issued a $326.00 price objective on shares of Lockheed Martin in a research note on Friday, December 21st. Finally, Bank of America reiterated a “buy” rating and issued a $390.00 price objective on shares of Lockheed Martin in a research note on Wednesday, January 30th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $350.00.

In other Lockheed Martin news, Chairman Marillyn A. Hewson sold 59,434 shares of the firm’s stock in a transaction dated Tuesday, February 26th. The stock was sold at an average price of $306.60, for a total transaction of $18,222,464.40. Following the transaction, the chairman now owns 109,531 shares of the company’s stock, valued at $33,582,204.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Michele A. Evans sold 7,690 shares of the firm’s stock in a transaction dated Thursday, February 7th. The stock was sold at an average price of $298.78, for a total value of $2,297,618.20. Following the transaction, the insider now directly owns 7,690 shares in the company, valued at approximately $2,297,618.20. The disclosure for this sale can be found here. Insiders sold 85,186 shares of company stock worth $26,010,927 in the last three months. 0.35% of the stock is currently owned by corporate insiders.

NYSE:LMT opened at $298.51 on Friday. The firm has a market capitalization of $85.74 billion, a P/E ratio of 16.72, a price-to-earnings-growth ratio of 2.24 and a beta of 1.02. The company has a debt-to-equity ratio of 8.70, a quick ratio of 0.91 and a current ratio of 1.12. Lockheed Martin Co. has a 12 month low of $241.18 and a 12 month high of $361.99.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, January 29th. The aerospace company reported $4.39 EPS for the quarter, meeting the consensus estimate of $4.39. The firm had revenue of $14.41 billion for the quarter, compared to analyst estimates of $13.75 billion. Lockheed Martin had a return on equity of 726.78% and a net margin of 9.39%. Lockheed Martin’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($2.25) earnings per share. Analysts predict that Lockheed Martin Co. will post 19.42 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 1st will be issued a $2.20 dividend. This represents a $8.80 annualized dividend and a yield of 2.95%. The ex-dividend date is Thursday, February 28th. Lockheed Martin’s dividend payout ratio (DPR) is presently 49.30%.

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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. It operates through four segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.

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Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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