Lockheed Martin Co. (NYSE:LMT) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. cut its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 41.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 67,740 shares of the aerospace company’s stock after selling 47,234 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Lockheed Martin were worth $30,702,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Orion Portfolio Solutions LLC grew its position in Lockheed Martin by 0.7% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 17,481 shares of the aerospace company’s stock worth $7,149,000 after purchasing an additional 125 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of Lockheed Martin by 6.4% during the third quarter. Daiwa Securities Group Inc. now owns 19,110 shares of the aerospace company’s stock valued at $7,815,000 after buying an additional 1,150 shares during the last quarter. Telos Capital Management Inc. increased its position in shares of Lockheed Martin by 27.1% in the 3rd quarter. Telos Capital Management Inc. now owns 1,785 shares of the aerospace company’s stock valued at $730,000 after acquiring an additional 381 shares during the period. Nilsine Partners LLC raised its stake in Lockheed Martin by 1.6% in the 3rd quarter. Nilsine Partners LLC now owns 2,721 shares of the aerospace company’s stock worth $1,113,000 after acquiring an additional 42 shares during the last quarter. Finally, WealthPlan Investment Management LLC lifted its position in Lockheed Martin by 132.9% during the 3rd quarter. WealthPlan Investment Management LLC now owns 10,230 shares of the aerospace company’s stock worth $4,184,000 after acquiring an additional 5,838 shares during the period. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Insider Buying and Selling at Lockheed Martin

In other Lockheed Martin news, COO John Frank A. St sold 6,648 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $425.35, for a total value of $2,827,726.80. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, SVP Maryanne Lavan sold 4,022 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total value of $1,747,116.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO John Frank A. St sold 6,648 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $425.35, for a total value of $2,827,726.80. The disclosure for this sale can be found here. Insiders sold 16,874 shares of company stock valued at $7,249,946 over the last quarter. 0.17% of the stock is currently owned by insiders.

Analysts Set New Price Targets

LMT has been the subject of several research analyst reports. JPMorgan Chase & Co. upgraded Lockheed Martin from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $475.00 to $518.00 in a research note on Monday, April 15th. UBS Group lifted their price objective on shares of Lockheed Martin from $482.00 to $499.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. The Goldman Sachs Group cut their price objective on shares of Lockheed Martin from $380.00 to $377.00 and set a “sell” rating on the stock in a research note on Tuesday, April 23rd. Deutsche Bank Aktiengesellschaft raised their target price on shares of Lockheed Martin from $467.00 to $487.00 and gave the stock a “hold” rating in a report on Thursday, April 25th. Finally, Susquehanna cut their price target on Lockheed Martin from $550.00 to $540.00 and set a “positive” rating on the stock in a research report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $485.40.

Lockheed Martin Price Performance

Shares of NYSE:LMT traded up $1.37 during trading on Friday, reaching $466.20. 677,219 shares of the company’s stock traded hands, compared to its average volume of 935,744. The firm has a market cap of $111.86 billion, a PE ratio of 17.06, a P/E/G ratio of 4.25 and a beta of 0.46. Lockheed Martin Co. has a fifty-two week low of $393.77 and a fifty-two week high of $479.50. The company has a quick ratio of 1.11, a current ratio of 1.30 and a debt-to-equity ratio of 2.89. The company has a 50-day simple moving average of $454.60 and a 200-day simple moving average of $446.88.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 EPS for the quarter, topping the consensus estimate of $5.80 by $0.53. Lockheed Martin had a net margin of 9.73% and a return on equity of 85.96%. The company had revenue of $17.20 billion during the quarter, compared to analyst estimates of $16.04 billion. During the same quarter in the previous year, the firm earned $6.43 EPS. The firm’s revenue was up 13.7% compared to the same quarter last year. As a group, analysts predict that Lockheed Martin Co. will post 26.17 earnings per share for the current year.

Lockheed Martin Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 3rd will be paid a dividend of $3.15 per share. The ex-dividend date is Monday, June 3rd. This represents a $12.60 annualized dividend and a yield of 2.70%. Lockheed Martin’s dividend payout ratio (DPR) is currently 46.10%.

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.