Founders Capital Management LLC Sells 259 Shares of Lockheed Martin Co. (NYSE:LMT)

Founders Capital Management LLC cut its holdings in shares of Lockheed Martin Co. (NYSE:LMTFree Report) by 1.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,836 shares of the aerospace company’s stock after selling 259 shares during the quarter. Lockheed Martin makes up 1.5% of Founders Capital Management LLC’s portfolio, making the stock its 19th largest position. Founders Capital Management LLC’s holdings in Lockheed Martin were worth $7,178,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LMT. Lee Financial Co raised its holdings in shares of Lockheed Martin by 367.6% in the 1st quarter. Lee Financial Co now owns 477 shares of the aerospace company’s stock valued at $210,000 after purchasing an additional 375 shares during the period. Vontobel Holding Ltd. raised its holdings in Lockheed Martin by 240.0% in the 1st quarter. Vontobel Holding Ltd. now owns 4,124 shares of the aerospace company’s stock valued at $1,821,000 after acquiring an additional 2,911 shares during the period. Sei Investments Co. raised its holdings in Lockheed Martin by 56.8% in the 1st quarter. Sei Investments Co. now owns 23,153 shares of the aerospace company’s stock valued at $9,995,000 after acquiring an additional 8,389 shares during the period. NewEdge Advisors LLC raised its holdings in Lockheed Martin by 18.4% in the 1st quarter. NewEdge Advisors LLC now owns 28,807 shares of the aerospace company’s stock valued at $12,716,000 after acquiring an additional 4,472 shares during the period. Finally, Mackenzie Financial Corp raised its holdings in Lockheed Martin by 20.4% in the 1st quarter. Mackenzie Financial Corp now owns 107,366 shares of the aerospace company’s stock valued at $47,391,000 after acquiring an additional 18,201 shares during the period. 74.19% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on LMT. Susquehanna lowered their price target on shares of Lockheed Martin from $550.00 to $540.00 and set a “positive” rating on the stock in a report on Wednesday, January 24th. Royal Bank of Canada decreased their target price on shares of 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. Morgan Stanley decreased their target price on shares of 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. UBS Group decreased their target price on shares of Lockheed Martin from $488.00 to $475.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 24th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Lockheed Martin from $438.00 to $472.00 in a research report on Monday, January 22nd. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Lockheed Martin currently has a consensus rating of “Hold” and a consensus price target of $491.92.

Check Out Our Latest Research Report on Lockheed Martin

Lockheed Martin Trading Up 0.1 %

LMT stock traded up $0.44 during midday trading on Tuesday, hitting $453.23. The stock had a trading volume of 837,776 shares, compared to its average volume of 1,162,890. The firm has a market cap of $109.00 billion, a P/E ratio of 16.45, a price-to-earnings-growth ratio of 4.15 and a beta of 0.48. The company has a current ratio of 1.21, a quick ratio of 1.03 and a debt-to-equity ratio of 2.53. Lockheed Martin Co. has a 1-year low of $393.77 and a 1-year high of $508.10. The business has a fifty day moving average price of $433.19 and a two-hundred day moving average price of $439.30.

Lockheed Martin (NYSE:LMTGet Free Report) last released its earnings results on Tuesday, January 23rd. The aerospace company reported $7.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.26 by $0.64. Lockheed Martin had a net margin of 10.24% and a return on equity of 79.91%. The business had revenue of $18.87 billion for the quarter, compared to analyst estimates of $17.96 billion. During the same quarter in the previous year, the business earned $7.79 earnings per share. Lockheed Martin’s revenue for the quarter was down .6% on a year-over-year basis. On average, sell-side analysts predict that Lockheed Martin Co. will post 26.13 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 1st were paid a $3.15 dividend. This represents a $12.60 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date of this dividend was Thursday, February 29th. Lockheed Martin’s payout ratio is 45.74%.

Insider Buying and Selling at Lockheed Martin

In other Lockheed Martin news, SVP Maryanne Lavan sold 4,022 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $434.39, for a total value of $1,747,116.58. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Lockheed Martin news, insider Gregory M. Ulmer sold 6,204 shares of the stock in a transaction that occurred 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 sale, the insider now directly owns 12,604 shares in the company, valued at approximately $5,434,718.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Maryanne Lavan sold 4,022 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total transaction of $1,747,116.58. The disclosure for this sale can be found here. Insiders have sold a total of 16,874 shares of company stock worth $7,249,946 over the last three months. 0.14% of the stock is currently owned by insiders.

Lockheed Martin Company Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding LMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lockheed Martin Co. (NYSE:LMTFree Report).

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

Receive News & Ratings for Lockheed Martin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lockheed Martin and related companies with MarketBeat.com's FREE daily email newsletter.