GS Investments Inc. Reduces Holdings in Lockheed Martin Co. (NYSE:LMT)

GS Investments Inc. reduced its stake in Lockheed Martin Co. (NYSE:LMT) by 10.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,523 shares of the aerospace company’s stock after selling 853 shares during the quarter. Lockheed Martin accounts for 1.7% of GS Investments Inc.’s investment portfolio, making the stock its 24th biggest holding. GS Investments Inc.’s holdings in Lockheed Martin were worth $3,656,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Itau Unibanco Holding S.A. purchased a new stake in Lockheed Martin during the third quarter worth $26,000. Heck Capital Advisors LLC acquired a new position in Lockheed Martin during the fourth quarter valued at approximately $35,000. Legacy Investment Solutions LLC acquired a new stake in shares of Lockheed Martin in the third quarter valued at about $42,000. Sugar Maple Asset Management LLC purchased a new position in Lockheed Martin in the 4th quarter valued at about $47,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in Lockheed Martin in the fourth quarter valued at $52,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Insider Transactions at Lockheed Martin

In related news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the business’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $442.42, for a total transaction of $1,421,495.46. Following the transaction, the insider now directly owns 2,000 shares in the company, valued at approximately $884,840. The trade was a 61.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Harry Edward Paul III sold 707 shares of Lockheed Martin stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $442.61, for a total value of $312,925.27. Following the transaction, the vice president now owns 2,278 shares of the company’s stock, valued at $1,008,265.58. The trade was a 23.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,133 shares of company stock valued at $3,155,916 in the last ninety days. 0.14% of the stock is currently owned by corporate insiders.

Lockheed Martin Stock Up 0.2 %

Shares of LMT opened at $470.44 on Thursday. The business’s fifty day moving average price is $461.54 and its two-hundred day moving average price is $516.47. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13. The firm has a market capitalization of $110.73 billion, a price-to-earnings ratio of 21.13, a PEG ratio of 2.07 and a beta of 0.43. Lockheed Martin Co. has a 52 week low of $419.70 and a 52 week high of $618.95.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, topping the consensus estimate of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. On average, analysts predict that Lockheed Martin Co. will post 27.15 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be given a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date is Monday, March 3rd. Lockheed Martin’s dividend payout ratio (DPR) is currently 59.30%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on LMT shares. UBS Group lowered their price objective on shares of Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating for the company in a research report on Wednesday, January 29th. Royal Bank of Canada cut their price objective on Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating on the stock in a report on Wednesday, January 29th. Morgan Stanley cut their target price on shares of Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 29th. Wells Fargo & Company reissued an “equal weight” rating on shares of Lockheed Martin in a report on Monday, March 10th. Finally, Barclays cut their price target on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $554.20.

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