MainStreet Investment Advisors LLC Sells 1,191 Shares of Lockheed Martin Co. (NYSE:LMT)


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MainStreet Investment Advisors LLC lowered its holdings in Lockheed Martin Co. (NYSE:LMT) by 5.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,951 shares of the aerospace company’s stock after selling 1,191 shares during the period. MainStreet Investment Advisors LLC’s holdings in Lockheed Martin were worth $6,727,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Key Financial Inc bought a new stake in Lockheed Martin in the 4th quarter valued at about $26,000. Simon Quick Advisors LLC bought a new stake in Lockheed Martin in the 3rd quarter valued at about $32,000. Barnett & Company Inc. bought a new stake in Lockheed Martin in the 3rd quarter valued at about $38,000. ForthRight Wealth Management LLC bought a new stake in Lockheed Martin in the 4th quarter valued at about $35,000. Finally, Laurel Wealth Advisors LLC lifted its holdings in shares of Lockheed Martin by 28.6% during the 4th quarter. Laurel Wealth Advisors LLC now owns 135 shares of the aerospace company’s stock worth $48,000 after acquiring an additional 30 shares during the period. 77.00% of the stock is owned by hedge funds and other institutional investors.

NYSE LMT traded down $0.64 on Tuesday, hitting $339.83. The company’s stock had a trading volume of 28,063 shares, compared to its average volume of 1,975,926. The company has a quick ratio of 1.12, a current ratio of 1.33 and a debt-to-equity ratio of 2.34. Lockheed Martin Co. has a 1-year low of $266.11 and a 1-year high of $424.20. The company’s 50-day moving average is $338.00 and its 200 day moving average is $366.14. The firm has a market cap of $95.19 billion, a PE ratio of 14.67, a PEG ratio of 1.98 and a beta of 0.92.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Monday, January 25th. The aerospace company reported $6.38 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $6.41 by ($0.03). Lockheed Martin had a net margin of 10.18% and a return on equity of 173.43%. The business had revenue of $17.03 billion during the quarter, compared to analyst estimates of $16.92 billion. During the same quarter last year, the company posted $5.29 earnings per share. The company’s revenue was up 7.3% compared to the same quarter last year. On average, equities analysts expect that Lockheed Martin Co. will post 24.82 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 26th. Stockholders of record on Monday, March 1st will be given a dividend of $2.60 per share. This represents a $10.40 annualized dividend and a dividend yield of 3.06%. The ex-dividend date of this dividend is Friday, February 26th. Lockheed Martin’s dividend payout ratio (DPR) is presently 47.38%.

LMT has been the subject of a number of recent analyst reports. Credit Suisse Group cut their price target on shares of Lockheed Martin from $351.00 to $334.00 in a report on Wednesday, January 27th. Cowen reaffirmed a “buy” rating and set a $410.00 price target on shares of Lockheed Martin in a report on Friday, November 27th. Robert W. Baird downgraded shares of Lockheed Martin from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $420.00 to $368.00 in a report on Thursday, January 7th. Finally, Morgan Stanley cut their price target on shares of Lockheed Martin from $480.00 to $445.00 and set an “overweight” rating for the company in a report on Monday, February 8th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Lockheed Martin currently has a consensus rating of “Buy” and a consensus target price of $418.15.

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

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

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