Clarity Financial LLC Sells 74 Shares of Lockheed Martin Co. (NYSE:LMT)

Clarity Financial LLC trimmed its position in Lockheed Martin Co. (NYSE:LMT) by 11.2% during the fourth quarter, Holdings Channel reports. The firm owned 586 shares of the aerospace company’s stock after selling 74 shares during the quarter. Clarity Financial LLC’s holdings in Lockheed Martin were worth $285,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Strategic Wealth Investment Group LLC lifted its position in shares of Lockheed Martin by 5.9% in the fourth quarter. Strategic Wealth Investment Group LLC now owns 18,906 shares of the aerospace company’s stock valued at $9,188,000 after buying an additional 1,057 shares during the last quarter. Crews Bank & Trust acquired a new stake in Lockheed Martin during the 4th quarter valued at $1,246,000. Capital Investment Advisory Services LLC boosted its position in Lockheed Martin by 15.2% during the fourth quarter. Capital Investment Advisory Services LLC now owns 5,830 shares of the aerospace company’s stock worth $2,833,000 after purchasing an additional 771 shares during the period. Synergy Asset Management LLC acquired a new position in shares of Lockheed Martin in the fourth quarter valued at $3,510,000. Finally, Strategic Planning Group LLC raised its position in shares of Lockheed Martin by 3.6% in the fourth quarter. Strategic Planning Group LLC now owns 8,153 shares of the aerospace company’s stock valued at $3,962,000 after purchasing an additional 283 shares during the period. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Trading Up 1.0 %

Shares of Lockheed Martin stock opened at $459.12 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.13 and a debt-to-equity ratio of 3.10. Lockheed Martin Co. has a 12-month low of $413.92 and a 12-month high of $618.95. The company has a market capitalization of $108.07 billion, a price-to-earnings ratio of 20.63, a PEG ratio of 3.78 and a beta of 0.48. The firm’s 50-day moving average price is $495.56 and its two-hundred day moving average price is $536.97.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, topping the consensus estimate 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, analysts forecast that Lockheed Martin Co. will post 27.09 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The firm 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 dividend of $3.30 per share. 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 2.88%. Lockheed Martin’s dividend payout ratio (DPR) is currently 59.30%.

Analyst Upgrades and Downgrades

LMT has been the topic of a number of research reports. Wells Fargo & Company decreased their price target on shares of Lockheed Martin from $500.00 to $497.00 and set an “equal weight” rating on the stock in a research note on Thursday. Barclays decreased their target price on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a research report on Monday, January 6th. UBS Group dropped their price target on Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating for the company in a report on Wednesday. Morgan Stanley lowered their price objective on Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Finally, StockNews.com cut shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 3rd. One analyst has rated the stock with a sell rating, five have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $555.60.

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.