Symphony Financial Ltd. Co. Lowers Holdings in Lockheed Martin Co. (NYSE:LMT)

Symphony Financial Ltd. Co. lowered its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 15.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,984 shares of the aerospace company’s stock after selling 356 shares during the quarter. Symphony Financial Ltd. Co.’s holdings in Lockheed Martin were worth $1,004,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in LMT. Itau Unibanco Holding S.A. bought a new stake in Lockheed Martin in the third quarter worth $26,000. Mattson Financial Services LLC purchased a new position in shares of Lockheed Martin in the 2nd quarter worth $27,000. Burkett Financial Services LLC bought a new stake in shares of Lockheed Martin in the 3rd quarter worth about $32,000. Heck Capital Advisors LLC purchased a new stake in shares of Lockheed Martin during the 4th quarter valued at about $35,000. Finally, Capital Performance Advisors LLP bought a new position in shares of Lockheed Martin in the 3rd quarter valued at about $40,000. 74.19% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Morgan Stanley cut their target price on Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Susquehanna cut their price objective on shares of Lockheed Martin from $590.00 to $550.00 and set a “positive” rating on the stock in a research report on Wednesday. Barclays lowered their target price 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. UBS Group reduced their price objective on shares of Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating on the stock in a research report on Wednesday. Finally, StockNews.com lowered Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Friday. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $555.60.

Lockheed Martin Price Performance

Shares of LMT stock opened at $462.53 on Friday. Lockheed Martin Co. has a twelve month low of $413.92 and a twelve month high of $618.95. The company has a current ratio of 1.13, a quick ratio of 1.12 and a debt-to-equity ratio of 3.10. The stock has a fifty day simple moving average of $492.29 and a two-hundred day simple moving average of $536.42. The stock has a market capitalization of $108.88 billion, a price-to-earnings ratio of 20.78, a P/E/G ratio of 3.78 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, topping analysts’ consensus estimates of $6.58 by $1.09. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. On average, analysts predict that Lockheed Martin Co. will post 27.09 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be paid a dividend of $3.30 per share. The ex-dividend date is Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.85%. Lockheed Martin’s dividend payout ratio is presently 59.30%.

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.