JB Capital LLC Sells 54 Shares of Lockheed Martin Co. (NYSE:LMT)

JB Capital LLC lowered its stake in shares of Lockheed Martin Co. (NYSE:LMTFree Report) by 10.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 485 shares of the aerospace company’s stock after selling 54 shares during the quarter. JB Capital LLC’s holdings in Lockheed Martin were worth $220,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Norris Perne & French LLP MI boosted its position in Lockheed Martin by 2.8% in the fourth quarter. Norris Perne & French LLP MI now owns 905 shares of the aerospace company’s stock worth $410,000 after purchasing an additional 25 shares during the last quarter. Wendell David Associates Inc. lifted its position in shares of Lockheed Martin by 127.5% during the 4th quarter. Wendell David Associates Inc. now owns 5,284 shares of the aerospace company’s stock valued at $2,395,000 after buying an additional 2,961 shares during the last quarter. Clarus Wealth Advisors purchased a new position in shares of Lockheed Martin during the 4th quarter valued at $1,128,000. Covenant Asset Management LLC lifted its position in shares of Lockheed Martin by 2.6% during the 4th quarter. Covenant Asset Management LLC now owns 2,957 shares of the aerospace company’s stock valued at $1,340,000 after buying an additional 76 shares during the last quarter. Finally, Spirit of America Management Corp NY lifted its position in shares of Lockheed Martin by 62.5% during the 4th quarter. Spirit of America Management Corp NY now owns 650 shares of the aerospace company’s stock valued at $295,000 after buying an additional 250 shares during the last quarter. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Price Performance

Shares of NYSE LMT opened at $453.23 on Wednesday. The firm has a market capitalization of $109.00 billion, a P/E ratio of 16.45, a P/E/G ratio of 4.15 and a beta of 0.48. The company has a quick ratio of 1.03, a current ratio of 1.21 and a debt-to-equity ratio of 2.53. The stock’s 50-day simple moving average is $433.19 and its two-hundred day simple moving average is $439.30. Lockheed Martin Co. has a twelve month low of $393.77 and a twelve month high of $508.10.

Lockheed Martin (NYSE:LMTGet Free Report) last announced its earnings results on Tuesday, January 23rd. The aerospace company reported $7.90 earnings per share for the quarter, topping analysts’ consensus estimates of $7.26 by $0.64. The business had revenue of $18.87 billion for the quarter, compared to analyst estimates of $17.96 billion. Lockheed Martin had a return on equity of 79.91% and a net margin of 10.24%. The company’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the company earned $7.79 EPS. As a group, equities analysts anticipate that Lockheed Martin Co. will post 26.13 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 1st were given a dividend of $3.15 per share. The ex-dividend date was Thursday, February 29th. This represents a $12.60 annualized dividend and a dividend yield of 2.78%. Lockheed Martin’s dividend payout ratio (DPR) is presently 45.74%.

Wall Street Analyst Weigh In

LMT has been the topic of a number of recent research reports. Citigroup dropped their price target on Lockheed Martin from $540.00 to $508.00 and set a “buy” rating on the stock in a research report on Wednesday, January 24th. Susquehanna dropped 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. UBS Group dropped their price target on Lockheed Martin from $488.00 to $475.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 24th. Royal Bank of Canada dropped their price target on Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 24th. Finally, Morgan Stanley dropped their price objective on Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 24th. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Lockheed Martin has an average rating of “Hold” and an average target price of $491.92.

Check Out Our Latest Stock Report on Lockheed Martin

Insider Activity at Lockheed Martin

In related news, COO John Frank A. St sold 6,648 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $425.35, for a total transaction of $2,827,726.80. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider Gregory M. Ulmer sold 6,204 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $431.19, for a total transaction of $2,675,102.76. Following the transaction, the insider now directly owns 12,604 shares of the company’s stock, valued at approximately $5,434,718.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO John Frank A. St sold 6,648 shares of the firm’s stock in a transaction dated 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. In the last three months, insiders have sold 16,874 shares of company stock valued at $7,249,946. Corporate insiders own 0.14% of the company’s stock.

About Lockheed Martin

(Free Report)

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.

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Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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