Weaver C. Barksdale & Associates Inc. Sells 102 Shares of Lockheed Martin Co. (NYSE:LMT)

Weaver C. Barksdale & Associates Inc. trimmed its position in shares of Lockheed Martin Co. (NYSE:LMT) by 2.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,184 shares of the aerospace company’s stock after selling 102 shares during the quarter. Lockheed Martin makes up approximately 1.9% of Weaver C. Barksdale & Associates Inc.’s holdings, making the stock its 19th largest position. Weaver C. Barksdale & Associates Inc.’s holdings in Lockheed Martin were worth $2,032,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Itau Unibanco Holding S.A. purchased a new stake in shares of Lockheed Martin in the 3rd quarter worth about $26,000. Millstone Evans Group LLC purchased a new stake in Lockheed Martin during the 4th quarter valued at $32,000. Mizuho Securities Co. Ltd. bought a new stake in shares of Lockheed Martin in the 4th quarter worth $34,000. Heck Capital Advisors LLC purchased a new position in shares of Lockheed Martin in the fourth quarter worth $35,000. Finally, Legacy Investment Solutions LLC bought a new position in shares of Lockheed Martin during the third quarter valued at $42,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Up 1.8 %

LMT opened at $442.63 on Wednesday. Lockheed Martin Co. has a fifty-two week low of $419.70 and a fifty-two week high of $618.95. 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 stock has a market cap of $104.19 billion, a price-to-earnings ratio of 19.88, a price-to-earnings-growth ratio of 2.07 and a beta of 0.43. The firm’s fifty day moving average is $459.13 and its 200 day moving average is $512.63.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, topping 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%. On average, sell-side 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. Stockholders of record on Monday, March 3rd will be issued a $3.30 dividend. This represents a $13.20 annualized dividend and a dividend yield of 2.98%. The ex-dividend date of this dividend is Monday, March 3rd. Lockheed Martin’s dividend payout ratio (DPR) is presently 59.30%.

Insider Buying and Selling

In related news, VP Harry Edward Paul III sold 707 shares of the business’s 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 in the company, valued at approximately $1,008,265.58. The trade was a 23.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the stock in a transaction 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 transaction, the insider now owns 2,000 shares of the company’s stock, valued at $884,840. This trade represents a 61.63 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,133 shares of company stock worth $3,155,916. 0.17% of the stock is owned by insiders.

Analyst Ratings Changes

LMT has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. decreased their target price on Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. Deutsche Bank Aktiengesellschaft downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating and lowered their price objective for the company from $611.00 to $523.00 in a research report on Thursday, January 2nd. Bank of America downgraded shares of Lockheed Martin from a “buy” rating to a “neutral” rating and cut their target price for the stock from $685.00 to $485.00 in a research report on Monday. Melius downgraded Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Monday. Finally, Melius Research lowered Lockheed Martin from a “strong-buy” rating to a “hold” rating in a report on Monday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Lockheed Martin presently has a consensus rating of “Hold” and an average price target of $544.20.

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.