Lockheed Martin Co. (NYSE:LMT) Shares Sold by Olympiad Research LP

Olympiad Research LP cut its position in Lockheed Martin Co. (NYSE:LMT) by 17.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 574 shares of the aerospace company’s stock after selling 119 shares during the quarter. Olympiad Research LP’s holdings in Lockheed Martin were worth $279,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in LMT. Capital City Trust Co. FL grew its position in Lockheed Martin by 9.5% during the 4th quarter. Capital City Trust Co. FL now owns 5,233 shares of the aerospace company’s stock worth $2,543,000 after purchasing an additional 452 shares during the last quarter. Sigma Planning Corp boosted its stake in shares of Lockheed Martin by 0.3% during the fourth quarter. Sigma Planning Corp now owns 10,049 shares of the aerospace company’s stock worth $4,883,000 after buying an additional 35 shares during the period. Redmond Asset Management LLC grew its holdings in shares of Lockheed Martin by 84.8% during the fourth quarter. Redmond Asset Management LLC now owns 6,400 shares of the aerospace company’s stock worth $3,110,000 after buying an additional 2,937 shares during the last quarter. Cypress Capital LLC increased its position in Lockheed Martin by 0.6% in the 4th quarter. Cypress Capital LLC now owns 5,196 shares of the aerospace company’s stock valued at $2,525,000 after acquiring an additional 32 shares during the period. Finally, Navellier & Associates Inc. raised its stake in Lockheed Martin by 5.7% during the 4th quarter. Navellier & Associates Inc. now owns 6,316 shares of the aerospace company’s stock valued at $3,069,000 after acquiring an additional 340 shares during the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on LMT shares. Barclays cut their price target on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a research note on Monday, January 6th. Citigroup cut their price objective on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a research report on Tuesday, January 21st. Susquehanna lowered their target price on shares of Lockheed Martin from $590.00 to $550.00 and set a “positive” rating on the stock in a report on Wednesday, January 29th. Morgan Stanley cut their price target on shares of Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating for the company in a report on Wednesday, January 29th. Finally, Wells Fargo & Company reduced their price objective on shares of Lockheed Martin from $500.00 to $497.00 and set an “equal weight” rating for the company in a research report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $555.60.

Lockheed Martin Stock Up 1.1 %

LMT opened at $441.20 on Monday. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13. The company has a market cap of $103.86 billion, a price-to-earnings ratio of 19.82, a PEG ratio of 2.07 and a beta of 0.48. Lockheed Martin Co. has a one year low of $419.70 and a one year high of $618.95. The business’s fifty day moving average is $469.94 and its two-hundred day moving average is $528.75.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 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%. Analysts anticipate that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be paid a dividend of $3.30 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.99%. Lockheed Martin’s dividend payout ratio (DPR) is 59.30%.

Lockheed Martin Company 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.