Lockheed Martin Co. (NYSE:LMT) Shares Sold by UNIVEST FINANCIAL Corp

UNIVEST FINANCIAL Corp reduced its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 3.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 10,452 shares of the aerospace company’s stock after selling 346 shares during the quarter. UNIVEST FINANCIAL Corp’s holdings in Lockheed Martin were worth $5,079,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of LMT. Larson Financial Group LLC lifted its holdings in Lockheed Martin by 42.9% in the third quarter. Larson Financial Group LLC now owns 630 shares of the aerospace company’s stock valued at $368,000 after acquiring an additional 189 shares during the period. Fisher Asset Management LLC lifted its stake in shares of Lockheed Martin by 0.9% in the 3rd quarter. Fisher Asset Management LLC now owns 6,742 shares of the aerospace company’s stock valued at $3,941,000 after purchasing an additional 61 shares during the period. Bank of Hawaii boosted its holdings in Lockheed Martin by 8.1% during the third quarter. Bank of Hawaii now owns 492 shares of the aerospace company’s stock worth $288,000 after buying an additional 37 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in Lockheed Martin during the third quarter valued at $1,003,000. Finally, Brown Brothers Harriman & Co. increased its holdings in Lockheed Martin by 51.9% in the third quarter. Brown Brothers Harriman & Co. now owns 8,378 shares of the aerospace company’s stock valued at $4,897,000 after buying an additional 2,861 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Up 1.8 %

Shares of NYSE:LMT opened at $442.63 on Wednesday. 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 business has a fifty day moving average of $459.13 and a two-hundred day moving average of $512.63. The stock has a market cap of $104.19 billion, a P/E ratio of 19.88, a PEG ratio of 2.07 and a beta of 0.43.

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

Lockheed Martin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders 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 annualized dividend and a yield of 2.98%. Lockheed Martin’s dividend payout ratio (DPR) is 59.30%.

Analyst Upgrades and Downgrades

LMT has been the subject of several recent analyst reports. 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. Royal Bank of Canada decreased their target price 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. Wells Fargo & Company reissued an “equal weight” rating on shares of Lockheed Martin in a report on Monday, March 10th. Citigroup decreased their price objective on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a report on Tuesday, January 21st. Finally, StockNews.com upgraded shares of Lockheed Martin from a “hold” rating to a “buy” rating in a research report on Monday. One analyst has rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Lockheed Martin has an average rating of “Moderate Buy” and an average price target of $544.20.

Insider Buying and Selling at Lockheed Martin

In other news, VP Harry Edward Paul III sold 707 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $442.61, for a total value of $312,925.27. Following the sale, the vice president now directly 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of Lockheed Martin stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $442.42, for a total value of $1,421,495.46. Following the completion of the transaction, the insider now directly owns 2,000 shares of the company’s stock, valued at approximately $884,840. This represents a 61.63 % 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 worth $3,155,916 over the last quarter. 0.17% of the stock is currently owned by company insiders.

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.