Lockheed Martin Co. (NYSE:LMT) Shares Sold by Wilkins Investment Counsel Inc.

Wilkins Investment Counsel Inc. reduced its position in Lockheed Martin Co. (NYSE:LMT) by 20.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 476 shares of the aerospace company’s stock after selling 121 shares during the period. Wilkins Investment Counsel Inc.’s holdings in Lockheed Martin were worth $231,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. First Financial Bankshares Inc lifted its position in Lockheed Martin by 0.3% during the 4th quarter. First Financial Bankshares Inc now owns 112,049 shares of the aerospace company’s stock worth $54,449,000 after acquiring an additional 380 shares in the last quarter. GM Advisory Group LLC acquired a new position in Lockheed Martin during the 4th quarter worth approximately $226,000. Stokes Family Office LLC lifted its position in Lockheed Martin by 132.3% during the 4th quarter. Stokes Family Office LLC now owns 1,663 shares of the aerospace company’s stock worth $808,000 after acquiring an additional 947 shares in the last quarter. West Tower Group LLC acquired a new position in Lockheed Martin during the 4th quarter worth approximately $437,000. Finally, FreeGulliver LLC lifted its position in Lockheed Martin by 7.6% during the 4th quarter. FreeGulliver LLC now owns 497 shares of the aerospace company’s stock worth $242,000 after acquiring an additional 35 shares in the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the company’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $442.42, for a total transaction of $1,421,495.46. Following the completion of the transaction, the insider now directly owns 2,000 shares in the company, valued at $884,840. This represents a 61.63 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Harry Edward Paul III sold 707 shares of the company’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $442.61, for a total value of $312,925.27. Following the transaction, the vice president now owns 2,278 shares of the company’s stock, valued at approximately $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 sold a total of 7,133 shares of company stock worth $3,155,916 in the last three months. 0.14% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts recently commented on LMT shares. Royal Bank of Canada reduced their price target on Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 29th. Morgan Stanley reduced their price target on 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. Deutsche Bank Aktiengesellschaft lowered Lockheed Martin from a “buy” rating to a “hold” rating and cut their target price for the company from $611.00 to $523.00 in a research report on Thursday, January 2nd. Susquehanna cut their target price on Lockheed Martin from $590.00 to $550.00 and set a “positive” rating on the stock in a research report on Wednesday, January 29th. Finally, StockNews.com lowered Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $554.20.

Lockheed Martin Price Performance

Shares of NYSE LMT opened at $470.44 on Thursday. Lockheed Martin Co. has a twelve month low of $419.70 and a twelve month high of $618.95. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10. The company has a market capitalization of $110.73 billion, a price-to-earnings ratio of 21.13, a price-to-earnings-growth ratio of 2.07 and a beta of 0.43. The business has a 50 day simple moving average of $461.54 and a 200-day simple moving average of $516.47.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, beating analysts’ consensus estimates of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. As a group, equities research analysts expect that Lockheed Martin Co. will post 27.15 earnings per share for the current year.

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors 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 yield of 2.81%. Lockheed Martin’s payout ratio is currently 59.30%.

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.