New England Asset Management Inc. Has $7.14 Million Position in Lockheed Martin Co. (NYSE:LMT)

New England Asset Management Inc. cut its position in Lockheed Martin Co. (NYSE:LMT - Free Report) by 18.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,690 shares of the aerospace company's stock after selling 3,370 shares during the quarter. Lockheed Martin comprises approximately 1.2% of New England Asset Management Inc.'s holdings, making the stock its 22nd biggest position. New England Asset Management Inc.'s holdings in Lockheed Martin were worth $7,138,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Czech National Bank raised its position in shares of Lockheed Martin by 5.8% in the fourth quarter. Czech National Bank now owns 45,741 shares of the aerospace company's stock valued at $22,227,000 after purchasing an additional 2,527 shares during the period. Aprio Wealth Management LLC raised its holdings in Lockheed Martin by 25.5% in the 4th quarter. Aprio Wealth Management LLC now owns 527 shares of the aerospace company's stock valued at $256,000 after acquiring an additional 107 shares during the period. Crescent Sterling Ltd. lifted its position in Lockheed Martin by 4.0% during the fourth quarter. Crescent Sterling Ltd. now owns 1,295 shares of the aerospace company's stock worth $629,000 after acquiring an additional 50 shares during the last quarter. Fiduciary Alliance LLC boosted its holdings in shares of Lockheed Martin by 6.2% during the fourth quarter. Fiduciary Alliance LLC now owns 17,196 shares of the aerospace company's stock worth $8,356,000 after acquiring an additional 1,001 shares during the period. Finally, Trust Co. of Toledo NA OH grew its position in shares of Lockheed Martin by 10.2% in the fourth quarter. Trust Co. of Toledo NA OH now owns 11,003 shares of the aerospace company's stock valued at $5,347,000 after purchasing an additional 1,015 shares during the last quarter. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Price Performance

Shares of LMT traded up $1.72 during mid-day trading on Friday, reaching $466.86. The company had a trading volume of 623,147 shares, compared to its average volume of 1,623,255. The company has a market capitalization of $109.38 billion, a price-to-earnings ratio of 20.98, a P/E/G ratio of 2.07 and a beta of 0.29. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13. The company's 50 day simple moving average is $461.25 and its 200 day simple moving average is $480.58. Lockheed Martin Co. has a 1-year low of $418.88 and a 1-year high of $618.95.

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

Lockheed Martin Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Monday, June 2nd will be paid a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date of this dividend is Monday, June 2nd. Lockheed Martin's payout ratio is 57.02%.

Insider Activity at Lockheed Martin

In related news, VP Harry Edward Paul III sold 707 shares of Lockheed Martin stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $442.61, for a total value of $312,925.27. Following the transaction, the vice president now directly owns 2,278 shares of the company's stock, valued at $1,008,265.58. The trade was a 23.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $442.42, for a total value of $1,421,495.46. Following the completion of the sale, the insider now owns 2,000 shares in the company, valued at $884,840. The trade was a 61.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,133 shares of company stock worth $3,155,916 in the last quarter. 0.14% of the stock is owned by insiders.

Wall Street Analyst Weigh In

LMT has been the subject of several research reports. Robert W. Baird raised Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 price target for the company in a report on Wednesday, April 23rd. Morgan Stanley upgraded shares of Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 price target for the company in a research report on Wednesday, April 16th. Melius Research downgraded Lockheed Martin from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 24th. UBS Group raised their price objective on Lockheed Martin from $481.00 to $499.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 23rd. Finally, StockNews.com downgraded Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research report on Saturday, May 3rd. Nine equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $541.80.

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.