Lockheed Martin Co. (NYSE:LMT) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. decreased its position in Lockheed Martin Co. (NYSE:LMT) by 12.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 31,687 shares of the aerospace company’s stock after selling 4,430 shares during the period. Oppenheimer & Co. Inc.’s holdings in Lockheed Martin were worth $15,398,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of LMT. Sunburst Financial Group LLC boosted its position in Lockheed Martin by 3.3% in the 3rd quarter. Sunburst Financial Group LLC now owns 566 shares of the aerospace company’s stock valued at $331,000 after buying an additional 18 shares during the last quarter. Lmcg Investments LLC boosted its position in shares of Lockheed Martin by 3.0% in the 3rd quarter. Lmcg Investments LLC now owns 651 shares of the aerospace company’s stock worth $381,000 after purchasing an additional 19 shares during the last quarter. Assetmark Inc. boosted its position in shares of Lockheed Martin by 1.3% in the 3rd quarter. Assetmark Inc. now owns 1,470 shares of the aerospace company’s stock worth $859,000 after purchasing an additional 19 shares during the last quarter. Klingman & Associates LLC grew its stake in shares of Lockheed Martin by 1.1% during the third quarter. Klingman & Associates LLC now owns 1,729 shares of the aerospace company’s stock worth $1,011,000 after purchasing an additional 19 shares during the period. Finally, Platform Technology Partners grew its stake in shares of Lockheed Martin by 0.5% during the third quarter. Platform Technology Partners now owns 4,122 shares of the aerospace company’s stock worth $2,409,000 after purchasing an additional 19 shares during the period. Institutional investors and hedge funds own 74.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on LMT shares. UBS Group decreased their price objective on Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating for the company in a research note on Wednesday, January 29th. Barclays decreased their price objective 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. StockNews.com cut Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Friday, January 31st. Morgan Stanley decreased their price objective on Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 29th. Finally, Deutsche Bank Aktiengesellschaft cut Lockheed Martin from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $611.00 to $523.00 in a research note on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $553.67.

Lockheed Martin Stock Performance

Shares of Lockheed Martin stock opened at $441.56 on Thursday. The firm has a market cap of $103.94 billion, a price-to-earnings ratio of 19.84, a price-to-earnings-growth ratio of 2.07 and a beta of 0.48. The stock’s 50-day moving average is $467.23 and its 200-day moving average is $526.63. Lockheed Martin Co. has a one year low of $419.70 and a one year high of $618.95. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 EPS 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%. Equities analysts predict that Lockheed Martin Co. will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently declared 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. 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%.

About Lockheed Martin

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.