Vestmark Advisory Solutions Inc. Sells 158 Shares of Lockheed Martin Co. (NYSE:LMT)

Vestmark Advisory Solutions Inc. reduced its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 5.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 2,570 shares of the aerospace company’s stock after selling 158 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Lockheed Martin were worth $1,165,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the business. Herold Advisors Inc. boosted its position in Lockheed Martin by 8.6% in the 3rd quarter. Herold Advisors Inc. now owns 3,448 shares of the aerospace company’s stock valued at $1,410,000 after buying an additional 274 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of Lockheed Martin by 3.8% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,088 shares of the aerospace company’s stock worth $8,624,000 after buying an additional 770 shares during the period. Alethea Capital Management LLC purchased a new stake in Lockheed Martin in the third quarter worth about $415,000. New Mexico Educational Retirement Board increased its position in Lockheed Martin by 6.4% during the 3rd quarter. New Mexico Educational Retirement Board now owns 11,697 shares of the aerospace company’s stock valued at $4,784,000 after purchasing an additional 700 shares during the period. Finally, Gilbert & Cook Inc. lifted its position in shares of Lockheed Martin by 22.8% in the 3rd quarter. Gilbert & Cook Inc. now owns 1,275 shares of the aerospace company’s stock worth $521,000 after purchasing an additional 237 shares during the period. Institutional investors own 74.19% of the company’s stock.

Insider Transactions at Lockheed Martin

In related news, COO John Frank A. St sold 6,648 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $425.35, for a total transaction of $2,827,726.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Lockheed Martin news, SVP Maryanne Lavan sold 4,022 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $434.39, for a total transaction of $1,747,116.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO John Frank A. St sold 6,648 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $425.35, for a total transaction of $2,827,726.80. The disclosure for this sale can be found here. Insiders have sold a total of 16,874 shares of company stock worth $7,249,946 in the last ninety days. Insiders own 0.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on LMT shares. UBS Group increased their target price on Lockheed Martin from $482.00 to $499.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft lifted their target price on Lockheed Martin from $467.00 to $487.00 and gave the company a “hold” rating in a research note on Thursday, April 25th. StockNews.com upgraded shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research note on Thursday, April 25th. Susquehanna lowered their target price on shares of Lockheed Martin from $550.00 to $540.00 and set a “positive” rating for the company in a research note on Wednesday, January 24th. Finally, Wells Fargo & Company upped their target price on Lockheed Martin from $460.00 to $480.00 and gave the company an “equal weight” rating in a research report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Lockheed Martin currently has an average rating of “Hold” and a consensus target price of $485.40.

Lockheed Martin Stock Performance

NYSE LMT traded down $0.62 during mid-day trading on Monday, reaching $461.29. 42,199 shares of the stock were exchanged, compared to its average volume of 1,140,458. The company has a market capitalization of $110.68 billion, a P/E ratio of 16.90, a P/E/G ratio of 4.23 and a beta of 0.46. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.11 and a current ratio of 1.30. The business’s 50 day moving average is $447.42 and its 200-day moving average is $445.41. Lockheed Martin Co. has a 1 year low of $393.77 and a 1 year high of $479.50.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, April 23rd. The aerospace company reported $6.33 EPS for the quarter, beating analysts’ consensus estimates of $5.80 by $0.53. The business had revenue of $17.20 billion during the quarter, compared to analysts’ expectations of $16.04 billion. Lockheed Martin had a return on equity of 85.96% and a net margin of 9.73%. The business’s revenue was up 13.7% compared to the same quarter last year. During the same period in the previous year, the business earned $6.43 earnings per share. On average, equities research analysts forecast that Lockheed Martin Co. will post 26.15 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 3rd will be paid a $3.15 dividend. This represents a $12.60 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date is Monday, June 3rd. Lockheed Martin’s dividend payout ratio (DPR) is 46.10%.

Lockheed Martin 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.