Lockheed Martin Co. (NYSE:LMT) Shares Sold by Ardevora Asset Management LLP

Ardevora Asset Management LLP lessened its holdings in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 43.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,129 shares of the aerospace company's stock after selling 14,928 shares during the period. Ardevora Asset Management LLP's holdings in Lockheed Martin were worth $8,670,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Bank Julius Baer & Co. Ltd Zurich grew its stake in Lockheed Martin by 73.0% during the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 64 shares of the aerospace company's stock valued at $26,000 after acquiring an additional 27 shares in the last quarter. Activest Wealth Management boosted its holdings in Lockheed Martin by 1,200.0% in the 4th quarter. Activest Wealth Management now owns 65 shares of the aerospace company's stock valued at $30,000 after purchasing an additional 60 shares during the last quarter. Coppell Advisory Solutions Corp. acquired a new position in Lockheed Martin in the 4th quarter valued at about $31,000. Milestone Investment Advisors LLC acquired a new position in Lockheed Martin in the 3rd quarter valued at about $33,000. Finally, Providence Capital Advisors LLC acquired a new position in Lockheed Martin in the 3rd quarter valued at about $35,000. Hedge funds and other institutional investors own 74.19% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on LMT shares. JPMorgan Chase & Co. upgraded shares of Lockheed Martin from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $475.00 to $518.00 in a report on Monday, April 15th. Susquehanna decreased their target price on shares of Lockheed Martin from $550.00 to $540.00 and set a "positive" rating on the stock in a report on Wednesday, January 24th. Citigroup decreased their price objective on shares of Lockheed Martin from $540.00 to $508.00 and set a "buy" rating on the stock in a report on Wednesday, January 24th. Royal Bank of Canada decreased their price objective on shares of Lockheed Martin from $475.00 to $470.00 and set a "sector perform" rating on the stock in a report on Wednesday, January 24th. Finally, UBS Group decreased their price objective on shares of Lockheed Martin from $488.00 to $475.00 and set a "neutral" rating on the stock in a report on Wednesday, January 24th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Lockheed Martin presently has a consensus rating of "Hold" and an average target price of $486.78.

Lockheed Martin Stock Up 1.7 %

LMT traded up $7.78 during trading hours on Friday, hitting $463.87. 1,388,020 shares of the company's stock were exchanged, compared to its average volume of 1,002,270. Lockheed Martin Co. has a 12-month low of $393.77 and a 12-month high of $495.83. The firm has a 50 day moving average of $440.00 and a 200 day moving average of $443.17. The firm has a market cap of $111.56 billion, a P/E ratio of 16.84, a price-to-earnings-growth ratio of 4.23 and a beta of 0.48. The company has a current ratio of 1.21, a quick ratio of 1.03 and a debt-to-equity ratio of 2.53.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its earnings results on Tuesday, January 23rd. The aerospace company reported $7.90 earnings per share for the quarter, topping the consensus estimate of $7.26 by $0.64. Lockheed Martin had a net margin of 10.24% and a return on equity of 79.91%. The firm had revenue of $18.87 billion for the quarter, compared to the consensus estimate of $17.96 billion. During the same period in the prior year, the firm earned $7.79 EPS. The firm's revenue for the quarter was down .6% on a year-over-year basis. Analysts predict that Lockheed Martin Co. will post 26.13 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 1st were given a $3.15 dividend. This represents a $12.60 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date was Thursday, February 29th. Lockheed Martin's dividend payout ratio (DPR) is 45.74%.

Insider Activity at Lockheed Martin

In related news, SVP Maryanne Lavan sold 4,022 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $434.39, for a total value of $1,747,116.58. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, insider Gregory M. Ulmer sold 6,204 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $431.19, for a total transaction of $2,675,102.76. Following the completion of the sale, the insider now owns 12,604 shares in the company, valued at approximately $5,434,718.76. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Maryanne Lavan sold 4,022 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total transaction of $1,747,116.58. The disclosure for this sale can be found here. Insiders have sold 16,874 shares of company stock valued at $7,249,946 in the last ninety days. Insiders own 0.17% of the company's stock.

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.