Diversified Enterprises LLC Trims Stake in Lockheed Martin Co. (NYSE:LMT)

Diversified Enterprises LLC lowered its position in Lockheed Martin Co. (NYSE:LMT) by 6.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,800 shares of the aerospace company’s stock after selling 183 shares during the quarter. Diversified Enterprises LLC’s holdings in Lockheed Martin were worth $1,361,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in LMT. Itau Unibanco Holding S.A. purchased a new position in Lockheed Martin in the 3rd quarter worth about $26,000. Heck Capital Advisors LLC purchased a new position in Lockheed Martin in the 4th quarter worth about $35,000. Legacy Investment Solutions LLC purchased a new position in Lockheed Martin in the 3rd quarter worth about $42,000. Sugar Maple Asset Management LLC purchased a new position in Lockheed Martin in the 4th quarter worth about $47,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in Lockheed Martin in the 4th quarter worth about $52,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Trading Down 0.2 %

Shares of LMT opened at $467.07 on Friday. Lockheed Martin Co. has a 52-week low of $419.70 and a 52-week high of $618.95. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10. The firm’s fifty day moving average is $461.39 and its two-hundred day moving average is $518.80. The stock has a market cap of $109.94 billion, a PE ratio of 20.98, a price-to-earnings-growth ratio of 2.07 and a beta of 0.43.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, topping 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 forecast that Lockheed Martin Co. will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be given a $3.30 dividend. The ex-dividend date is Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a yield of 2.83%. Lockheed Martin’s payout ratio is currently 59.30%.

Insider Buying and Selling at Lockheed Martin

In related news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the company’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 sale, the insider now directly owns 2,000 shares in the company, valued at approximately $884,840. This represents a 61.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Harry Edward Paul III sold 707 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $442.61, for a total transaction of $312,925.27. Following the sale, the vice president now owns 2,278 shares in the company, valued at $1,008,265.58. The trade was a 23.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,133 shares of company stock valued at $3,155,916 over the last 90 days. 0.17% of the stock is owned by insiders.

Wall Street Analyst Weigh In

LMT has been the topic of a number of research reports. Barclays cut their target price on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a research report on Monday, January 6th. UBS Group cut their target price on shares of Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 29th. Morgan Stanley cut their target price 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. Truist Financial started coverage on shares of Lockheed Martin in a research report on Tuesday, January 14th. They set a “buy” rating and a $579.00 target price on the stock. Finally, Wells Fargo & Company restated an “equal weight” rating on shares of Lockheed Martin in a report on Monday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $554.20.

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.