Hantz Financial Services Inc. Sells 283 Shares of Lockheed Martin Co. (NYSE:LMT)

Hantz Financial Services Inc. lowered its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 2.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,319 shares of the aerospace company’s stock after selling 283 shares during the quarter. Hantz Financial Services Inc.’s holdings in Lockheed Martin were worth $4,528,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in LMT. Itau Unibanco Holding S.A. bought a new position in Lockheed Martin during the third quarter valued at about $26,000. Mattson Financial Services LLC bought a new position in Lockheed Martin during the second quarter valued at about $27,000. Burkett Financial Services LLC bought a new position in Lockheed Martin during the third quarter valued at about $32,000. Capital Performance Advisors LLP bought a new position in Lockheed Martin during the third quarter valued at about $40,000. Finally, Legacy Investment Solutions LLC bought a new position in Lockheed Martin during the third quarter valued at about $42,000. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Down 0.7 %

Shares of NYSE LMT opened at $454.18 on Thursday. Lockheed Martin Co. has a one year low of $413.92 and a one year high of $618.95. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.30 and a quick ratio of 1.12. The firm’s 50 day simple moving average is $497.18 and its two-hundred day simple moving average is $537.55. The stock has a market capitalization of $107.66 billion, a P/E ratio of 16.44, a PEG ratio of 4.05 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, beating analysts’ consensus estimates of $6.58 by $1.09. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. As a group, analysts expect that Lockheed Martin Co. will post 26.89 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be given a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date is Monday, March 3rd. Lockheed Martin’s payout ratio is currently 59.30%.

Analyst Upgrades and Downgrades

Several research firms have commented on LMT. Royal Bank of Canada dropped their price objective on shares of Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating on the stock in a report on Wednesday. Citigroup dropped their price objective on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a report on Tuesday, January 21st. JPMorgan Chase & Co. dropped their price objective on shares of Lockheed Martin from $546.00 to $540.00 and set an “overweight” rating on the stock in a report on Thursday, January 16th. TD Cowen upped their price objective on shares of Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Finally, Wells Fargo & Company dropped their price objective on shares of Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Lockheed Martin currently has a consensus rating of “Moderate Buy” and an average target price of $556.13.

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.