Avior Wealth Management LLC Sells 149 Shares of Lockheed Martin Co. (NYSE:LMT)

Avior Wealth Management LLC decreased its holdings in Lockheed Martin Co. (NYSE:LMT) by 10.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,249 shares of the aerospace company’s stock after selling 149 shares during the period. Avior Wealth Management LLC’s holdings in Lockheed Martin were worth $566,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of LMT. Herold Advisors Inc. grew 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 worth $1,410,000 after purchasing an additional 274 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Lockheed Martin by 3.8% in the third 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 last quarter. Alethea Capital Management LLC bought a new stake in Lockheed Martin during the third quarter valued at approximately $415,000. Meridian Wealth Management LLC increased its holdings in Lockheed Martin by 149.0% during the third quarter. Meridian Wealth Management LLC now owns 11,960 shares of the aerospace company’s stock valued at $4,892,000 after buying an additional 7,156 shares during the last quarter. Finally, New Mexico Educational Retirement Board raised its position in Lockheed Martin by 6.4% in the third quarter. New Mexico Educational Retirement Board now owns 11,697 shares of the aerospace company’s stock worth $4,784,000 after acquiring an additional 700 shares during the period. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. UBS Group decreased their target price on Lockheed Martin from $488.00 to $475.00 and set a “neutral” rating on the stock in a report on Wednesday, January 24th. Susquehanna reduced their target price on shares of Lockheed Martin from $550.00 to $540.00 and set a “positive” rating for the company in a report on Wednesday, January 24th. Morgan Stanley decreased their target price on shares of Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Lockheed Martin from $438.00 to $472.00 in a research report on Monday, January 22nd. Finally, JPMorgan Chase & Co. upgraded shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $475.00 to $518.00 in a research report on Monday. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $493.36.

Lockheed Martin Stock Up 0.0 %

Shares of LMT stock opened at $456.09 on Friday. The company’s fifty day simple moving average is $439.25 and its two-hundred day simple moving average is $442.21. Lockheed Martin Co. has a 52 week low of $393.77 and a 52 week high of $503.33. The stock has a market cap of $109.69 billion, a P/E ratio of 16.55, a PEG ratio of 4.16 and a beta of 0.48. The company has a quick ratio of 1.03, a current ratio of 1.21 and a debt-to-equity ratio of 2.53.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, January 23rd. The aerospace company reported $7.90 EPS for the quarter, topping analysts’ consensus estimates of $7.26 by $0.64. The company had revenue of $18.87 billion for the quarter, compared to the consensus estimate of $17.96 billion. Lockheed Martin had a return on equity of 79.91% and a net margin of 10.24%. The firm’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the previous year, the business earned $7.79 earnings per share. Analysts predict that Lockheed Martin Co. will post 26.13 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 1st were given a dividend of $3.15 per share. The ex-dividend date was Thursday, February 29th. This represents a $12.60 dividend on an annualized basis and a dividend yield of 2.76%. Lockheed Martin’s dividend payout ratio is currently 45.74%.

Insider Activity at Lockheed Martin

In related news, SVP Maryanne Lavan sold 4,022 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $434.39, for a total transaction of $1,747,116.58. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, COO John Frank A. St sold 6,648 shares of Lockheed Martin stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $425.35, for a total value of $2,827,726.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Maryanne Lavan sold 4,022 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total value of $1,747,116.58. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,874 shares of company stock valued at $7,249,946. 0.17% of the stock is owned by corporate insiders.

About Lockheed Martin

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.