Broadleaf Partners LLC Sells 36 Shares of Lockheed Martin Co. (NYSE:LMT)

Broadleaf Partners LLC lessened its position in Lockheed Martin Co. (NYSE:LMT – Get Rating) by 0.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 16,055 shares of the aerospace company’s stock after selling 36 shares during the period. Lockheed Martin comprises 2.6% of Broadleaf Partners LLC’s portfolio, making the stock its 17th largest holding. Broadleaf Partners LLC’s holdings in Lockheed Martin were worth $6,202,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in LMT. Better Money Decisions LLC bought a new position in Lockheed Martin during the second quarter valued at approximately $33,000. Schubert & Co lifted its position in Lockheed Martin by 53.8% during the second quarter. Schubert & Co now owns 80 shares of the aerospace company’s stock valued at $34,000 after purchasing an additional 28 shares during the period. IMA Wealth Inc. lifted its position in Lockheed Martin by 41.8% during the second quarter. IMA Wealth Inc. now owns 78 shares of the aerospace company’s stock valued at $34,000 after purchasing an additional 23 shares during the period. Charter Oak Capital Management LLC bought a new position in Lockheed Martin during the second quarter valued at approximately $36,000. Finally, Cowa LLC bought a new position in Lockheed Martin during the third quarter valued at approximately $39,000. Institutional investors own 75.18% of the company’s stock.

Lockheed Martin Trading Down 0.4 %

LMT stock traded down $2.07 during trading on Wednesday, hitting $461.19. The company had a trading volume of 331,228 shares, compared to its average volume of 1,658,897. The company has a quick ratio of 1.13, a current ratio of 1.32 and a debt-to-equity ratio of 1.67. The firm has a market capitalization of $117.74 billion, a P/E ratio of 21.26, a PEG ratio of 2.49 and a beta of 0.73. The company has a 50 day simple moving average of $473.09 and a 200-day simple moving average of $445.91. Lockheed Martin Co. has a 52-week low of $373.67 and a 52-week high of $498.95.

Lockheed Martin (NYSE:LMT – Get Rating) last posted its earnings results on Tuesday, January 24th. The aerospace company reported $7.79 EPS for the quarter, beating analysts’ consensus estimates of $7.41 by $0.38. The business had revenue of $18.99 billion for the quarter, compared to the consensus estimate of $18.25 billion. Lockheed Martin had a net margin of 8.69% and a return on equity of 68.01%. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter last year, the firm posted $7.47 EPS. As a group, research analysts forecast that Lockheed Martin Co. will post 27.01 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 24th. Shareholders of record on Wednesday, March 1st will be given a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date is Tuesday, February 28th. Lockheed Martin’s dividend payout ratio (DPR) is 55.27%.

Insider Transactions at Lockheed Martin

In other news, Director John Donovan acquired 556 shares of the business’s stock in a transaction dated Wednesday, January 25th. The shares were purchased at an average price of $451.20 per share, with a total value of $250,867.20. Following the transaction, the director now directly owns 2,324 shares in the company, valued at $1,048,588.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.17% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on LMT. Citigroup began coverage on shares of Lockheed Martin in a report on Thursday, December 8th. They set a “buy” rating and a $546.00 target price for the company. Wells Fargo & Company increased their price objective on shares of Lockheed Martin from $417.00 to $422.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 25th. Wolfe Research assumed coverage on shares of Lockheed Martin in a research note on Monday, October 10th. They issued a “peer perform” rating for the company. StockNews.com cut shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Thursday, December 22nd. Finally, Robert W. Baird raised shares of Lockheed Martin from a “neutral” rating to an “outperform” rating and set a $513.00 price objective for the company in a research note on Wednesday, October 19th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Lockheed Martin presently has a consensus rating of “Hold” and a consensus target price of $482.07.

About Lockheed Martin

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Lockheed Martin Corp. is a global security and aerospace company, which engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services. It operates through the following business segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.