EverSource Wealth Advisors LLC lessened its holdings in Lockheed Martin Co. (NYSE:LMT - Free Report) by 26.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,300 shares of the aerospace company's stock after selling 815 shares during the period. EverSource Wealth Advisors LLC's holdings in Lockheed Martin were worth $1,118,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of LMT. Itau Unibanco Holding S.A. bought a new stake in Lockheed Martin in the third quarter worth $26,000. Heck Capital Advisors LLC bought a new position in Lockheed Martin during the fourth quarter valued at $35,000. Legacy Investment Solutions LLC bought a new position in Lockheed Martin during the third quarter valued at $42,000. Sugar Maple Asset Management LLC bought a new position in Lockheed Martin during the fourth quarter valued at $47,000. Finally, Kohmann Bosshard Financial Services LLC bought a new position in Lockheed Martin during the fourth quarter valued at $52,000. Institutional investors own 74.19% of the company's stock.
NYSE:LMT opened at $467.90 on Friday. The company's 50-day simple moving average is $461.68 and its 200-day simple moving average is $519.43. The stock has a market capitalization of $110.14 billion, a P/E ratio of 21.02, a P/E/G ratio of 2.07 and a beta of 0.43. 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 Co. has a fifty-two week low of $419.70 and a fifty-two week high of $618.95.
Lockheed Martin (NYSE:LMT - Get Free Report) last released its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, topping analysts' consensus estimates of $6.58 by $1.09. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. On average, equities analysts anticipate that Lockheed Martin Co. will post 27.15 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be paid a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date is Monday, March 3rd. Lockheed Martin's dividend payout ratio (DPR) is presently 59.30%.
A number of research analysts have weighed in on LMT shares. JPMorgan Chase & Co. cut their price objective on shares of Lockheed Martin from $540.00 to $535.00 and set an "overweight" rating on the stock in a research report on Thursday, January 30th. Susquehanna cut their price objective on shares of Lockheed Martin from $590.00 to $550.00 and set a "positive" rating on the stock in a research report on Wednesday, January 29th. Morgan Stanley cut their price objective on shares of Lockheed Martin from $555.00 to $525.00 and set an "equal weight" rating on the stock in a research report on Wednesday, January 29th. Wells Fargo & Company restated an "equal weight" rating on shares of Lockheed Martin in a report on Monday. Finally, Royal Bank of Canada cut their price target on shares of Lockheed Martin from $570.00 to $550.00 and set an "outperform" rating on the stock in a report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $554.20.
Read Our Latest Stock Report on LMT
In other Lockheed Martin news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the insider now directly 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Harry Edward Paul III sold 707 shares of Lockheed Martin stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $442.61, for a total transaction of $312,925.27. Following the transaction, the vice president now directly owns 2,278 shares of the company's stock, valued at approximately $1,008,265.58. This trade represents a 23.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,133 shares of company stock worth $3,155,916 in the last three months. Corporate insiders own 0.17% of the company's stock.
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.
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