Los Angeles Capital Management LLC Sells 117,736 Shares of Lockheed Martin Co. (NYSE:LMT)

Los Angeles Capital Management LLC cut its holdings in Lockheed Martin Co. (NYSE:LMT) by 26.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 333,134 shares of the aerospace company’s stock after selling 117,736 shares during the period. Los Angeles Capital Management LLC’s holdings in Lockheed Martin were worth $161,883,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in LMT. Amalgamated Bank raised its holdings in shares of Lockheed Martin by 3.6% in the 4th quarter. Amalgamated Bank now owns 44,860 shares of the aerospace company’s stock valued at $21,799,000 after purchasing an additional 1,565 shares in the last quarter. Vaughan David Investments LLC IL increased its stake in Lockheed Martin by 0.8% during the 4th quarter. Vaughan David Investments LLC IL now owns 88,684 shares of the aerospace company’s stock valued at $43,095,000 after purchasing an additional 742 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Lockheed Martin by 0.9% during the 4th quarter. Bank of New York Mellon Corp now owns 1,743,757 shares of the aerospace company’s stock valued at $847,361,000 after purchasing an additional 15,085 shares in the last quarter. Blackhawk Capital Partners LLC. boosted its holdings in shares of Lockheed Martin by 4.2% in the 4th quarter. Blackhawk Capital Partners LLC. now owns 3,095 shares of the aerospace company’s stock valued at $1,504,000 after acquiring an additional 124 shares during the last quarter. Finally, Trifecta Capital Advisors LLC boosted its holdings in shares of Lockheed Martin by 4.1% in the 4th quarter. Trifecta Capital Advisors LLC now owns 9,922 shares of the aerospace company’s stock valued at $4,822,000 after acquiring an additional 391 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on LMT. Morgan Stanley reduced their price objective on shares of Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 29th. Wells Fargo & Company cut their price objective on shares of Lockheed Martin from $500.00 to $497.00 and set an “equal weight” rating for the company in a research report on Thursday, January 30th. Deutsche Bank Aktiengesellschaft lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating and lowered their target price for the stock from $611.00 to $523.00 in a research note on Thursday, January 2nd. JPMorgan Chase & Co. lowered their target price on shares of Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. Finally, Susquehanna lowered their price objective on shares of Lockheed Martin from $590.00 to $550.00 and set a “positive” rating for the company in a research note on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $555.60.

Lockheed Martin Price Performance

Lockheed Martin stock opened at $439.62 on Tuesday. The stock’s fifty day moving average price is $468.90 and its two-hundred day moving average price is $527.96. 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 $103.48 billion, a PE ratio of 19.75, a price-to-earnings-growth ratio of 2.07 and a beta of 0.48. 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 data on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, topping the consensus estimate of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. As a group, research analysts expect that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be paid a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a yield of 3.00%. The ex-dividend date of this dividend is Monday, March 3rd. Lockheed Martin’s dividend payout ratio 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.