Autumn Glory Partners LLC Lowers Holdings in Lockheed Martin Co. (NYSE:LMT)

Autumn Glory Partners LLC trimmed its holdings in Lockheed Martin Co. (NYSE:LMT) by 63.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 1,020 shares of the aerospace company’s stock after selling 1,757 shares during the period. Autumn Glory Partners LLC’s holdings in Lockheed Martin were worth $496,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in LMT. Itau Unibanco Holding S.A. purchased a new position in shares of Lockheed Martin in the third quarter valued at about $26,000. Heck Capital Advisors LLC purchased a new stake in shares of Lockheed Martin in the fourth quarter worth about $35,000. Capital Performance Advisors LLP purchased a new stake in shares of Lockheed Martin in the third quarter worth about $40,000. Legacy Investment Solutions LLC purchased a new stake in shares of Lockheed Martin in the third quarter worth about $42,000. Finally, Vestor Capital LLC purchased a new stake in shares of Lockheed Martin in the third quarter worth about $46,000. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Lockheed Martin Trading Down 2.7 %

LMT opened at $423.15 on Friday. The stock has a market cap of $99.60 billion, a price-to-earnings ratio of 19.01, a P/E/G ratio of 2.12 and a beta of 0.48. The stock’s 50 day moving average price is $478.88 and its 200-day moving average price is $533.59. Lockheed Martin Co. has a one year low of $418.58 and a one year high of $618.95. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, beating analysts’ consensus estimates 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, equities analysts forecast that Lockheed Martin Co. will post 27.14 EPS for the current year.

Lockheed Martin Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be issued a $3.30 dividend. The ex-dividend date is Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 3.12%. Lockheed Martin’s payout ratio is 59.30%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Susquehanna decreased their target price on Lockheed Martin from $590.00 to $550.00 and set a “positive” rating on the stock in a research report on Wednesday, January 29th. UBS Group decreased their target price on Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 29th. Robert W. Baird boosted their target price on Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday, October 22nd. TD Cowen boosted their price objective on Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Finally, StockNews.com cut Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Lockheed Martin has a consensus rating of “Moderate Buy” and a consensus price target of $555.60.

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.