Lockheed Martin Co. (NYSE:LMT) Shares Sold by Sei Investments Co.

Sei Investments Co. decreased its holdings in Lockheed Martin Co. (NYSE:LMT) by 30.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 70,799 shares of the aerospace company’s stock after selling 30,480 shares during the quarter. Sei Investments Co.’s holdings in Lockheed Martin were worth $34,411,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. American Century Companies Inc. boosted its stake in shares of Lockheed Martin by 3.3% during the 4th quarter. American Century Companies Inc. now owns 174,126 shares of the aerospace company’s stock valued at $84,615,000 after buying an additional 5,548 shares during the last quarter. Runnymede Capital Advisors Inc. bought a new position in Lockheed Martin during the 4th quarter valued at $42,000. Mizuho Securities USA LLC grew its holdings in Lockheed Martin by 45.3% during the 4th quarter. Mizuho Securities USA LLC now owns 19,994 shares of the aerospace company’s stock worth $9,716,000 after acquiring an additional 6,238 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Lockheed Martin in the 4th quarter worth about $3,504,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Lockheed Martin in the 4th quarter valued at about $15,886,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on LMT. Susquehanna decreased their price target on Lockheed Martin from $590.00 to $550.00 and set a “positive” rating for the company in a research note on Wednesday, January 29th. Morgan Stanley decreased their target price on Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 29th. Royal Bank of Canada dropped their price target on Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 29th. Barclays decreased their price objective on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a report on Monday, January 6th. Finally, Melius downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Lockheed Martin has a consensus rating of “Moderate Buy” and a consensus price target of $544.20.

Insider Activity

In other news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $442.42, for a total value of $1,421,495.46. Following the completion of the sale, the insider now directly owns 2,000 shares of the company’s stock, valued at $884,840. This represents a 61.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Harry Edward Paul III sold 707 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $442.61, for a total transaction of $312,925.27. Following the sale, the vice president now owns 2,278 shares of the company’s stock, valued at approximately $1,008,265.58. This represents a 23.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,133 shares of company stock worth $3,155,916 over the last quarter. Corporate insiders own 0.17% of the company’s stock.

Lockheed Martin Stock Down 1.1 %

LMT opened at $434.72 on Tuesday. The stock’s 50 day moving average price is $459.96 and its 200 day moving average price is $513.50. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95. The stock has a market cap of $102.33 billion, a P/E ratio of 19.53, a P/E/G ratio of 2.07 and a beta of 0.43. Lockheed Martin Co. has a 12 month low of $419.70 and a 12 month high of $618.95.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, topping the consensus estimate of $6.58 by $1.09. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. As a group, research analysts predict that Lockheed Martin Co. will post 27.15 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be paid a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a yield of 3.04%. The ex-dividend date is Monday, March 3rd. Lockheed Martin’s dividend payout ratio (DPR) is currently 59.30%.

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. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.