Moran Wealth Management LLC Reduces Stock Position in Lockheed Martin Co. (NYSE:LMT)

Moran Wealth Management LLC decreased its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 2.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 105,126 shares of the aerospace company’s stock after selling 2,790 shares during the period. Lockheed Martin comprises about 1.6% of Moran Wealth Management LLC’s holdings, making the stock its 6th largest position. Moran Wealth Management LLC’s holdings in Lockheed Martin were worth $51,085,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Isthmus Partners LLC boosted its stake in shares of Lockheed Martin by 1.4% in the 4th quarter. Isthmus Partners LLC now owns 23,978 shares of the aerospace company’s stock worth $11,652,000 after buying an additional 327 shares during the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC lifted its holdings in Lockheed Martin by 24.3% during the fourth quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 460 shares of the aerospace company’s stock worth $224,000 after acquiring an additional 90 shares during the period. MQS Management LLC purchased a new position in Lockheed Martin in the fourth quarter worth $247,000. Bell Investment Advisors Inc grew its stake in Lockheed Martin by 21.8% in the 4th quarter. Bell Investment Advisors Inc now owns 235 shares of the aerospace company’s stock valued at $114,000 after purchasing an additional 42 shares during the period. Finally, SLT Holdings LLC purchased a new stake in shares of Lockheed Martin during the 4th quarter valued at $286,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Stock Up 2.8 %

Shares of NYSE LMT opened at $474.31 on Monday. The business has a 50-day simple moving average of $462.89 and a two-hundred day simple moving average of $521.36. Lockheed Martin Co. has a 52 week low of $419.70 and a 52 week high of $618.95. The company has a market cap of $111.65 billion, a P/E ratio of 21.31, a P/E/G ratio of 2.07 and a beta of 0.43. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10.

Lockheed Martin (NYSE:LMT) last issued 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%. Research analysts anticipate that Lockheed Martin Co. will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders 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 annualized dividend and a dividend yield of 2.78%. Lockheed Martin’s payout ratio is currently 59.30%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Citigroup cut their price target on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a report on Tuesday, January 21st. Wells Fargo & Company boosted their target price on shares of Lockheed Martin from $468.00 to $476.00 and gave the company an “equal weight” rating in a research note on Friday. Susquehanna reduced their target price on shares of Lockheed Martin from $590.00 to $550.00 and set a “positive” rating for the company in a research report on Wednesday, January 29th. Morgan Stanley lowered their price target on shares of Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. reduced their price objective on Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. 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 given a strong buy rating to the company. Based on data from MarketBeat, Lockheed Martin has an average rating of “Moderate Buy” and an average target price of $554.20.

Insider Buying and Selling

In other Lockheed Martin news, VP Harry Edward Paul III sold 707 shares of the firm’s 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 sale, the vice president now owns 2,278 shares of the company’s stock, valued at $1,008,265.58. This trade represents a 23.69 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of Lockheed Martin stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $442.42, for a total value of $1,421,495.46. Following the sale, the insider now owns 2,000 shares of the company’s stock, valued at approximately $884,840. This trade represents a 61.63 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,133 shares of company stock worth $3,155,916. Corporate insiders own 0.17% of the company’s stock.

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.