Lockheed Martin Co. (NYSE:LMT) Stock Holdings Reduced by Symmetry Partners LLC

Symmetry Partners LLC cut its position in shares of Lockheed Martin Co. (NYSE:LMT) by 64.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,807 shares of the aerospace company’s stock after selling 7,017 shares during the period. Symmetry Partners LLC’s holdings in Lockheed Martin were worth $1,753,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Lee Financial Co lifted its holdings in Lockheed Martin by 367.6% in the 1st quarter. Lee Financial Co now owns 477 shares of the aerospace company’s stock worth $210,000 after purchasing an additional 375 shares during the last quarter. Vontobel Holding Ltd. raised its position in shares of Lockheed Martin by 240.0% in the first quarter. Vontobel Holding Ltd. now owns 4,124 shares of the aerospace company’s stock valued at $1,821,000 after purchasing an additional 2,911 shares during the period. Sei Investments Co. lifted its stake in shares of Lockheed Martin by 56.8% in the first quarter. Sei Investments Co. now owns 23,153 shares of the aerospace company’s stock worth $9,995,000 after buying an additional 8,389 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in shares of Lockheed Martin by 18.4% during the 1st quarter. NewEdge Advisors LLC now owns 28,807 shares of the aerospace company’s stock worth $12,716,000 after buying an additional 4,472 shares during the period. Finally, Mackenzie Financial Corp grew its stake in Lockheed Martin by 20.4% in the 1st quarter. Mackenzie Financial Corp now owns 107,366 shares of the aerospace company’s stock valued at $47,391,000 after buying an additional 18,201 shares during the last quarter. 74.26% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Price Performance

Shares of LMT traded up $2.71 during mid-day trading on Thursday, reaching $423.70. The company had a trading volume of 89,894 shares, compared to its average volume of 1,194,470. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.36 and a quick ratio of 1.16. The company has a market capitalization of $106.70 billion, a P/E ratio of 15.39, a P/E/G ratio of 2.42 and a beta of 0.65. Lockheed Martin Co. has a twelve month low of $381.55 and a twelve month high of $508.10. The company’s 50-day moving average is $450.01 and its 200-day moving average is $461.07.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, July 18th. The aerospace company reported $6.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.45 by $0.28. Lockheed Martin had a return on equity of 71.67% and a net margin of 10.48%. The firm had revenue of $16.69 billion during the quarter, compared to analyst estimates of $15.92 billion. During the same period in the prior year, the company posted $6.32 earnings per share. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. On average, equities analysts anticipate that Lockheed Martin Co. will post 27.07 EPS for the current year.

Lockheed Martin Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 1st will be given a $3.00 dividend. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $12.00 dividend on an annualized basis and a yield of 2.83%. Lockheed Martin’s dividend payout ratio (DPR) is presently 43.88%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on LMT shares. Royal Bank of Canada decreased their price target on shares of Lockheed Martin from $500.00 to $475.00 and set a “sector perform” rating for the company in a report on Wednesday, July 19th. Wells Fargo & Company lifted their price target on Lockheed Martin from $433.00 to $440.00 in a research report on Wednesday, July 19th. Morgan Stanley reissued an “equal weight” rating and issued a $532.00 price objective on shares of Lockheed Martin in a research report on Wednesday, July 19th. Susquehanna dropped their target price on shares of Lockheed Martin from $575.00 to $550.00 and set a “positive” rating on the stock in a research report on Wednesday, July 19th. Finally, Citigroup reduced their price target on shares of Lockheed Martin from $579.00 to $555.00 in a report on Wednesday, July 19th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $499.43.

Insiders Place Their Bets

In other Lockheed Martin news, Director John Donovan bought 548 shares of Lockheed Martin stock in a transaction dated Wednesday, July 19th. The shares were acquired at an average cost of $457.07 per share, with a total value of $250,474.36. Following the acquisition, the director now directly owns 3,378 shares of the company’s stock, valued at $1,543,982.46. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 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. It operates through four segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space.