Lyons Wealth Management LLC. Reduces Position in Lockheed Martin Co. (LMT)

Lyons Wealth Management LLC. decreased its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 7.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,409 shares of the aerospace company’s stock after selling 181 shares during the quarter. Lockheed Martin makes up approximately 2.1% of Lyons Wealth Management LLC.’s holdings, making the stock its 21st biggest holding. Lyons Wealth Management LLC.’s holdings in Lockheed Martin were worth $633,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in LMT. Lederer & Associates Investment Counsel CA increased its stake in shares of Lockheed Martin by 0.7% in the fourth quarter. Lederer & Associates Investment Counsel CA now owns 5,149 shares of the aerospace company’s stock valued at $1,348,000 after purchasing an additional 35 shares during the period. Physicians Financial Services Inc. boosted its holdings in shares of Lockheed Martin by 0.8% in the fourth quarter. Physicians Financial Services Inc. now owns 4,795 shares of the aerospace company’s stock valued at $1,256,000 after acquiring an additional 37 shares in the last quarter. FTB Advisors Inc. boosted its holdings in shares of Lockheed Martin by 6.1% in the fourth quarter. FTB Advisors Inc. now owns 683 shares of the aerospace company’s stock valued at $178,000 after acquiring an additional 39 shares in the last quarter. Brasada Capital Management LP boosted its holdings in shares of Lockheed Martin by 2.3% in the fourth quarter. Brasada Capital Management LP now owns 1,806 shares of the aerospace company’s stock valued at $473,000 after acquiring an additional 40 shares in the last quarter. Finally, Polaris Greystone Financial Group LLC boosted its holdings in shares of Lockheed Martin by 5.1% in the fourth quarter. Polaris Greystone Financial Group LLC now owns 911 shares of the aerospace company’s stock valued at $239,000 after acquiring an additional 44 shares in the last quarter. Hedge funds and other institutional investors own 78.34% of the company’s stock.

LMT has been the subject of several recent analyst reports. Barclays decreased their price objective on shares of Lockheed Martin from $369.00 to $325.00 and set an “equal weight” rating for the company in a report on Tuesday, December 4th. ValuEngine upgraded shares of Lockheed Martin from a “sell” rating to a “hold” rating in a report on Tuesday, December 11th. Robert W. Baird reiterated a “buy” rating and issued a $326.00 price objective on shares of Lockheed Martin in a report on Friday, December 21st. Jefferies Financial Group reiterated a “hold” rating and issued a $274.00 price objective on shares of Lockheed Martin in a report on Wednesday, January 9th. Finally, Morgan Stanley cut shares of Lockheed Martin from an “overweight” rating to an “equal weight” rating and set a $300.00 price objective for the company. in a report on Wednesday, January 9th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Lockheed Martin currently has a consensus rating of “Buy” and a consensus price target of $350.00.

LMT stock opened at $298.51 on Friday. Lockheed Martin Co. has a 12-month low of $241.18 and a 12-month high of $361.99. The company has a debt-to-equity ratio of 8.70, a current ratio of 1.12 and a quick ratio of 0.91. The company has a market capitalization of $85.74 billion, a price-to-earnings ratio of 16.72, a P/E/G ratio of 2.24 and a beta of 1.02.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, January 29th. The aerospace company reported $4.39 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $4.39. Lockheed Martin had a net margin of 9.39% and a return on equity of 726.78%. The company had revenue of $14.41 billion during the quarter, compared to the consensus estimate of $13.75 billion. During the same quarter in the prior year, the firm earned ($2.25) EPS. The company’s revenue was up 4.1% compared to the same quarter last year. On average, research analysts expect that Lockheed Martin Co. will post 19.42 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 1st will be given a $2.20 dividend. The ex-dividend date is Thursday, February 28th. This represents a $8.80 dividend on an annualized basis and a yield of 2.95%. Lockheed Martin’s payout ratio is 49.30%.

In other news, insider John Frank A. St sold 1,900 shares of the firm’s stock in a transaction on Wednesday, February 27th. The shares were sold at an average price of $305.42, for a total transaction of $580,298.00. Following the transaction, the insider now owns 551 shares in the company, valued at approximately $168,286.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Marillyn A. Hewson sold 59,434 shares of the firm’s stock in a transaction on Tuesday, February 26th. The shares were sold at an average price of $306.60, for a total transaction of $18,222,464.40. Following the transaction, the chairman now owns 109,531 shares in the company, valued at approximately $33,582,204.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 85,186 shares of company stock valued at $26,010,927. Insiders own 0.35% of the company’s stock.

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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. 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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