Longview Financial Advisors Inc. Sells 46 Shares of Lockheed Martin Co. (NYSE:LMT)

Longview Financial Advisors Inc. trimmed its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 9.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 431 shares of the aerospace company’s stock after selling 46 shares during the quarter. Longview Financial Advisors Inc.’s holdings in Lockheed Martin were worth $209,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in LMT. Semus Wealth Partners LLC lifted its position in shares of Lockheed Martin by 19.0% in the 4th quarter. Semus Wealth Partners LLC now owns 659 shares of the aerospace company’s stock worth $320,000 after purchasing an additional 105 shares during the period. Allied Investment Advisors LLC raised its stake in Lockheed Martin by 0.5% during the fourth quarter. Allied Investment Advisors LLC now owns 18,715 shares of the aerospace company’s stock worth $9,094,000 after buying an additional 89 shares during the last quarter. Bank of Jackson Hole Trust acquired a new position in Lockheed Martin in the fourth quarter valued at $733,000. Callahan Advisors LLC boosted its position in Lockheed Martin by 46.0% during the fourth quarter. Callahan Advisors LLC now owns 4,615 shares of the aerospace company’s stock valued at $2,243,000 after acquiring an additional 1,454 shares during the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund raised its position in shares of Lockheed Martin by 51.7% in the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 9,528 shares of the aerospace company’s stock worth $4,630,000 after acquiring an additional 3,247 shares in the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LMT has been the subject of several research analyst reports. Morgan Stanley lowered their price objective on shares of Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 29th. Susquehanna dropped their price objective on shares of Lockheed Martin from $590.00 to $550.00 and set a “positive” rating on the stock in a report on Wednesday, January 29th. Wells Fargo & Company reduced their target price on Lockheed Martin from $500.00 to $497.00 and set an “equal weight” rating for the company in a research note on Thursday, January 30th. UBS Group decreased their target price on Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating for the company in a research report on Wednesday, January 29th. Finally, Barclays cut their price target on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a report on Monday, January 6th. One equities research 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 company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $555.60.

Lockheed Martin Stock Performance

Shares of LMT stock opened at $428.35 on Wednesday. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95. The firm has a 50-day moving average of $473.65 and a 200-day moving average of $531.03. Lockheed Martin Co. has a one year low of $419.70 and a one year high of $618.95. The company has a market cap of $100.83 billion, a P/E ratio of 19.24, a P/E/G ratio of 2.00 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, beating the consensus estimate of $6.58 by $1.09. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. Equities research analysts forecast that Lockheed Martin Co. will post 27.14 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be paid a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date of this dividend is Monday, March 3rd. Lockheed Martin’s payout ratio is 59.30%.

Lockheed Martin Company 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.