Alan B Lancz & Associates Inc. Has $460,000 Holdings in Lockheed Martin Co. (NYSE:LMT)

Alan B Lancz & Associates Inc. decreased its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 6.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,015 shares of the aerospace company’s stock after selling 70 shares during the quarter. Alan B Lancz & Associates Inc.’s holdings in Lockheed Martin were worth $460,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. TCG Advisory Services LLC boosted its holdings in Lockheed Martin by 45.5% during the fourth quarter. TCG Advisory Services LLC now owns 10,623 shares of the aerospace company’s stock worth $4,815,000 after buying an additional 3,322 shares during the last quarter. Royal Fund Management LLC boosted its stake in Lockheed Martin by 3.2% during the 4th quarter. Royal Fund Management LLC now owns 3,023 shares of the aerospace company’s stock worth $1,376,000 after acquiring an additional 93 shares during the last quarter. Legacy Financial Advisors Inc. grew its holdings in Lockheed Martin by 8.6% during the fourth quarter. Legacy Financial Advisors Inc. now owns 2,609 shares of the aerospace company’s stock valued at $1,182,000 after purchasing an additional 207 shares during the period. Sapient Capital LLC bought a new stake in Lockheed Martin in the fourth quarter valued at approximately $26,079,000. Finally, Axxcess Wealth Management LLC raised its holdings in Lockheed Martin by 16.3% in the fourth quarter. Axxcess Wealth Management LLC now owns 9,136 shares of the aerospace company’s stock worth $4,141,000 after purchasing an additional 1,282 shares during the period. 74.19% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Lockheed Martin news, insider Gregory M. Ulmer sold 6,204 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $431.19, for a total value of $2,675,102.76. Following the sale, the insider now owns 12,604 shares in the company, valued at $5,434,718.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Lockheed Martin news, insider Gregory M. Ulmer sold 6,204 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $431.19, for a total value of $2,675,102.76. Following the transaction, the insider now directly owns 12,604 shares in the company, valued at $5,434,718.76. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Maryanne Lavan sold 4,022 shares of the stock in a transaction dated Tuesday, March 5th. The shares were 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. Over the last 90 days, insiders sold 16,874 shares of company stock worth $7,249,946. Company insiders own 0.17% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on LMT shares. Morgan Stanley dropped their target price on shares of Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 24th. JPMorgan Chase & Co. raised shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $475.00 to $518.00 in a research note on Monday, April 15th. Citigroup lifted their price target on Lockheed Martin from $508.00 to $525.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft increased their price objective on Lockheed Martin from $467.00 to $487.00 and gave the stock a “hold” rating in a report on Thursday, April 25th. Finally, Susquehanna cut their target price on Lockheed Martin from $550.00 to $540.00 and set a “positive” rating on the stock in a research note on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $485.40.

Lockheed Martin Stock Down 0.3 %

Shares of NYSE:LMT traded down $1.29 during trading on Friday, hitting $461.91. 910,781 shares of the company were exchanged, compared to its average volume of 1,142,922. Lockheed Martin Co. has a fifty-two week low of $393.77 and a fifty-two week high of $479.50. The stock has a market cap of $110.83 billion, a price-to-earnings ratio of 16.90, a P/E/G ratio of 4.24 and a beta of 0.46. The company has a current ratio of 1.30, a quick ratio of 1.11 and a debt-to-equity ratio of 2.89. The firm has a fifty day moving average price of $447.42 and a two-hundred day moving average price of $445.38.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share for the quarter, topping analysts’ consensus estimates of $5.80 by $0.53. The business had revenue of $17.20 billion for the quarter, compared to the consensus estimate of $16.04 billion. Lockheed Martin had a net margin of 9.73% and a return on equity of 85.96%. The firm’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same period in the previous year, the company earned $6.43 earnings per share. As a group, research analysts anticipate that Lockheed Martin Co. will post 26.15 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 3rd will be paid a $3.15 dividend. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $12.60 annualized dividend and a yield of 2.73%. Lockheed Martin’s dividend payout ratio (DPR) is currently 46.10%.

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.