Mascoma Wealth Management LLC Sells 60 Shares of Lockheed Martin Co. (NYSE:LMT)

Mascoma Wealth Management LLC cut its position in Lockheed Martin Co. (NYSE:LMT) by 14.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 370 shares of the aerospace company’s stock after selling 60 shares during the period. Mascoma Wealth Management LLC’s holdings in Lockheed Martin were worth $180,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Itau Unibanco Holding S.A. purchased a new stake in Lockheed Martin in the 3rd quarter worth $26,000. Heck Capital Advisors LLC purchased a new stake in shares of Lockheed Martin during the fourth quarter worth about $35,000. Legacy Investment Solutions LLC bought a new stake in Lockheed Martin during the 3rd quarter valued at approximately $42,000. Sugar Maple Asset Management LLC purchased a new position in Lockheed Martin in the 4th quarter worth approximately $47,000. Finally, Kohmann Bosshard Financial Services LLC bought a new position in Lockheed Martin in the 4th quarter worth approximately $52,000. 74.19% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Lockheed Martin news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of Lockheed Martin stock in a transaction on 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 transaction, the insider now directly owns 2,000 shares of the company’s stock, valued at approximately $884,840. The trade was a 61.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Harry Edward Paul III sold 707 shares of the stock in a transaction 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 owns 2,278 shares of the company’s stock, valued at approximately $1,008,265.58. This represents a 23.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,133 shares of company stock worth $3,155,916 in the last three months. 0.17% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

LMT has been the topic of several research analyst reports. Wells Fargo & Company reissued an “equal weight” rating on shares of Lockheed Martin in a report on Monday. Citigroup dropped their price objective on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a report on Tuesday, January 21st. Royal Bank of Canada lowered their target price on Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating for the company in a research report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft cut shares of Lockheed Martin from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $611.00 to $523.00 in a research note on Thursday, January 2nd. Finally, Barclays lowered their price target on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a research report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $554.20.

Lockheed Martin Trading Down 1.6 %

NYSE:LMT opened at $461.47 on Thursday. The firm has a 50-day simple moving average of $461.97 and a 200-day simple moving average of $519.79. Lockheed Martin Co. has a one year low of $419.70 and a one year high of $618.95. The firm has a market cap of $108.62 billion, a P/E ratio of 20.73, a P/E/G ratio of 2.07 and a beta of 0.43. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data 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%. Equities analysts anticipate that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be given a $3.30 dividend. This represents a $13.20 annualized dividend and a dividend yield of 2.86%. The ex-dividend date is Monday, March 3rd. Lockheed Martin’s payout ratio is 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.