Lockheed Martin Co. (NYSE:LMT) Stake Lessened by Teamwork Financial Advisors LLC

Teamwork Financial Advisors LLC decreased its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 20.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 937 shares of the aerospace company’s stock after selling 237 shares during the period. Teamwork Financial Advisors LLC’s holdings in Lockheed Martin were worth $425,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Herold Advisors Inc. increased its stake in Lockheed Martin by 8.6% during the third quarter. Herold Advisors Inc. now owns 3,448 shares of the aerospace company’s stock valued at $1,410,000 after purchasing an additional 274 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Lockheed Martin by 3.8% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,088 shares of the aerospace company’s stock valued at $8,624,000 after purchasing an additional 770 shares during the last quarter. Alethea Capital Management LLC bought a new stake in Lockheed Martin during the third quarter valued at $415,000. Meridian Wealth Management LLC increased its stake in Lockheed Martin by 149.0% during the third quarter. Meridian Wealth Management LLC now owns 11,960 shares of the aerospace company’s stock valued at $4,892,000 after purchasing an additional 7,156 shares during the last quarter. Finally, Central Bank & Trust Co. increased its stake in Lockheed Martin by 1.6% during the third quarter. Central Bank & Trust Co. now owns 3,305 shares of the aerospace company’s stock valued at $1,352,000 after purchasing an additional 51 shares during the last quarter. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Price Performance

LMT stock traded down $1.91 during trading on Friday, hitting $454.87. The company had a trading volume of 1,119,541 shares, compared to its average volume of 1,200,722. Lockheed Martin Co. has a fifty-two week low of $393.77 and a fifty-two week high of $508.10. The company has a current ratio of 1.21, a quick ratio of 1.03 and a debt-to-equity ratio of 2.53. The firm has a market capitalization of $109.39 billion, a price-to-earnings ratio of 16.51, a P/E/G ratio of 4.17 and a beta of 0.48. The business has a 50 day moving average of $433.38 and a 200 day moving average of $438.60.

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

Lockheed Martin Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 1st will be issued a $3.15 dividend. This represents a $12.60 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date is Thursday, February 29th. Lockheed Martin’s payout ratio is 45.74%.

Analyst Ratings Changes

LMT has been the subject of several analyst reports. UBS Group reduced their price target on shares of Lockheed Martin from $488.00 to $475.00 and set a “neutral” rating for the company in a report on Wednesday, January 24th. Royal Bank of Canada reduced their price target on shares of Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating for the company in a report on Wednesday, January 24th. Citigroup reduced their price target on shares of Lockheed Martin from $540.00 to $508.00 and set a “buy” rating for the company in a report on Wednesday, January 24th. Susquehanna reduced their price target on shares of Lockheed Martin from $550.00 to $540.00 and set a “positive” rating for the company in a report on Wednesday, January 24th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Lockheed Martin from $438.00 to $472.00 in a report on Monday, January 22nd. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $491.92.

Insider Buying and Selling at Lockheed Martin

In other Lockheed Martin news, insider Gregory M. Ulmer sold 6,204 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider now directly owns 12,604 shares of the company’s stock, 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. In other Lockheed Martin news, insider Gregory M. Ulmer sold 6,204 shares of the business’s 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 sale, the insider now owns 12,604 shares in the company, valued at approximately $5,434,718.76. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Maryanne Lavan sold 4,022 shares of the business’s 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. In the last three months, insiders sold 16,874 shares of company stock valued at $7,249,946. 0.17% of the stock is owned by insiders.

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. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.