HRT Financial LLC Sells 11,966 Shares of Lockheed Martin Co. (LMT)

HRT Financial LLC trimmed its holdings in Lockheed Martin Co. (NYSE:LMT) by 91.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,140 shares of the aerospace company’s stock after selling 11,966 shares during the period. HRT Financial LLC’s holdings in Lockheed Martin were worth $336,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. FTB Advisors Inc. grew its position in Lockheed Martin by 142.6% in the second quarter. FTB Advisors Inc. now owns 359 shares of the aerospace company’s stock worth $105,000 after acquiring an additional 211 shares in the last quarter. Silvant Capital Management LLC acquired a new stake in shares of Lockheed Martin in the first quarter worth $114,000. W.G. Shaheen & Associates DBA Whitney & Co acquired a new stake in shares of Lockheed Martin in the first quarter worth $116,000. Fort L.P. acquired a new stake in shares of Lockheed Martin in the second quarter worth $116,000. Finally, FNY Investment Advisers LLC acquired a new stake in shares of Lockheed Martin in the second quarter worth $117,000. 78.17% of the stock is owned by institutional investors.

A number of brokerages have recently weighed in on LMT. Zacks Investment Research cut shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Friday, August 17th. UBS Group began coverage on shares of Lockheed Martin in a research note on Wednesday, August 15th. They issued a “buy” rating and a $400.00 price objective for the company. Berenberg Bank upgraded shares of Lockheed Martin from a “hold” rating to a “buy” rating in a research note on Thursday, July 26th. Bank of America boosted their price objective on shares of Lockheed Martin from $400.00 to $412.00 and gave the stock a “buy” rating in a research note on Wednesday, July 25th. Finally, Credit Suisse Group boosted their price objective on shares of Lockheed Martin from $355.00 to $340.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 25th. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Lockheed Martin presently has an average rating of “Buy” and an average target price of $372.02.

In related news, SVP Maryanne Lavan sold 7,250 shares of the company’s stock in a transaction on Wednesday, July 25th. The shares were sold at an average price of $323.64, for a total transaction of $2,346,390.00. Following the completion of the transaction, the senior vice president now directly owns 9,869 shares in the company, valued at approximately $3,194,003.16. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Marillyn A. Hewson sold 25,000 shares of the company’s stock in a transaction on Friday, July 27th. The shares were sold at an average price of $323.68, for a total transaction of $8,092,000.00. Following the transaction, the chairman now owns 90,625 shares of the company’s stock, valued at $29,333,500. The disclosure for this sale can be found here. 0.35% of the stock is owned by corporate insiders.

NYSE:LMT opened at $335.80 on Friday. The firm has a market cap of $92.63 billion, a P/E ratio of 20.50, a P/E/G ratio of 2.57 and a beta of 0.72. Lockheed Martin Co. has a one year low of $291.52 and a one year high of $363.00. The company has a quick ratio of 0.97, a current ratio of 1.19 and a debt-to-equity ratio of 28.14.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, July 24th. The aerospace company reported $4.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.92 by $0.39. The firm had revenue of $13.40 billion during the quarter, compared to analysts’ expectations of $12.72 billion. Lockheed Martin had a net margin of 5.00% and a return on equity of 944.31%. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the company earned $3.23 EPS. analysts forecast that Lockheed Martin Co. will post 17.25 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Tuesday, September 4th will be paid a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 2.38%. The ex-dividend date of this dividend is Friday, August 31st. Lockheed Martin’s payout ratio is currently 60.02%.

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. It operates through four segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.

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

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