GTS Securities LLC Sells 18,447 Shares of Lockheed Martin Co. (NYSE:LMT)

GTS Securities LLC reduced its position in Lockheed Martin Co. (NYSE:LMT - Free Report) by 93.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,256 shares of the aerospace company's stock after selling 18,447 shares during the quarter. GTS Securities LLC's holdings in Lockheed Martin were worth $610,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Millstone Evans Group LLC acquired a new stake in shares of Lockheed Martin during the 4th quarter valued at about $32,000. Mizuho Securities Co. Ltd. bought a new position in Lockheed Martin during the fourth quarter worth about $34,000. Heck Capital Advisors LLC acquired a new stake in Lockheed Martin during the fourth quarter valued at approximately $35,000. Redwood Park Advisors LLC bought a new stake in shares of Lockheed Martin in the 4th quarter valued at approximately $40,000. Finally, Runnymede Capital Advisors Inc. bought a new stake in shares of Lockheed Martin in the 4th quarter valued at approximately $42,000. Institutional investors and hedge funds own 74.19% of the company's stock.

Lockheed Martin Trading Up 0.8%

Shares of NYSE:LMT traded up $3.68 during mid-day trading on Thursday, reaching $473.66. The stock had a trading volume of 850,159 shares, compared to its average volume of 1,585,975. The firm has a 50 day simple moving average of $462.47 and a two-hundred day simple moving average of $475.74. Lockheed Martin Co. has a twelve month low of $418.88 and a twelve month high of $618.95. The firm has a market cap of $110.98 billion, a PE ratio of 21.28, a price-to-earnings-growth ratio of 2.07 and a beta of 0.29. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share for the quarter, topping the consensus estimate of $6.34 by $0.94. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. The company had revenue of $17.96 billion for the quarter, compared to analyst estimates of $17.83 billion. On average, research analysts predict that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, June 2nd will be paid a $3.30 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $13.20 dividend on an annualized basis and a yield of 2.79%. Lockheed Martin's payout ratio is 57.02%.

Analyst Ratings Changes

Several analysts recently commented on LMT shares. Wells Fargo & Company decreased their price target on Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. Baird R W raised shares of Lockheed Martin from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 23rd. Morgan Stanley raised shares of Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 price objective on the stock in a research note on Wednesday, April 16th. Jefferies Financial Group reduced their target price on Lockheed Martin from $510.00 to $500.00 and set a "hold" rating on the stock in a report on Monday, April 28th. Finally, UBS Group raised their price target on Lockheed Martin from $481.00 to $499.00 and gave the company a "neutral" rating in a report on Wednesday, April 23rd. Nine investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $541.80.

Lockheed Martin 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.