Thrivent Financial for Lutherans Sells 194 Shares of Lockheed Martin Co. (NYSE:LMT)

Thrivent Financial for Lutherans trimmed its position in Lockheed Martin Co. (NYSE:LMT) by 1.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 20,187 shares of the aerospace company’s stock after selling 194 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Lockheed Martin were worth $10,453,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. PDS Planning Inc raised its holdings in shares of Lockheed Martin by 2.7% in the 4th quarter. PDS Planning Inc now owns 1,497 shares of the aerospace company’s stock valued at $728,000 after purchasing an additional 40 shares during the period. Kensington Investment Counsel LLC raised its holdings in shares of Lockheed Martin by 5.0% in the 4th quarter. Kensington Investment Counsel LLC now owns 9,682 shares of the aerospace company’s stock valued at $4,705,000 after purchasing an additional 462 shares during the period. Mystic Asset Management Inc. raised its holdings in shares of Lockheed Martin by 5.9% in the 4th quarter. Mystic Asset Management Inc. now owns 4,718 shares of the aerospace company’s stock valued at $2,293,000 after purchasing an additional 262 shares during the period. Flagship Wealth Advisors LLC bought a new stake in shares of Lockheed Martin in the 4th quarter valued at about $257,000. Finally, Cassady Schiller Wealth Management LLC grew its stake in Lockheed Martin by 28.5% in the 4th quarter. Cassady Schiller Wealth Management LLC now owns 194 shares of the aerospace company’s stock valued at $94,000 after buying an additional 43 shares during the last quarter. 74.19% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Barclays decreased their price target on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a research note on Monday, January 6th. Wells Fargo & Company reiterated an “equal weight” rating on shares of Lockheed Martin in a research note on Monday, March 10th. Royal Bank of Canada decreased their price target on shares of Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 29th. Morgan Stanley decreased their price target on shares of Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 29th. Finally, Citigroup decreased their price target on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a research note on Tuesday, January 21st. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Lockheed Martin presently has an average rating of “Moderate Buy” and an average target price of $554.20.

Insider Activity at Lockheed Martin

In related news, VP Harry Edward Paul III sold 707 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $442.61, for a total value of $312,925.27. Following the completion of the transaction, the vice president now owns 2,278 shares of the company’s stock, valued at $1,008,265.58. This represents a 23.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction of $1,421,495.46. Following the completion of the transaction, the insider now directly owns 2,000 shares of the company’s stock, valued at approximately $884,840. The trade was a 61.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,133 shares of company stock valued at $3,155,916 in the last quarter. Insiders own 0.14% of the company’s stock.

Lockheed Martin Stock Performance

NYSE LMT opened at $440.26 on Friday. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10. The firm has a market capitalization of $103.63 billion, a price-to-earnings ratio of 19.78, a P/E/G ratio of 2.07 and a beta of 0.43. The firm’s 50 day simple moving average is $460.94 and its 200 day simple moving average is $514.87. Lockheed Martin Co. has a 1 year low of $419.70 and a 1 year high of $618.95.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (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 expect that Lockheed Martin Co. will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be paid a $3.30 dividend. This represents a $13.20 annualized dividend and a yield of 3.00%. The ex-dividend date of this dividend is Monday, March 3rd. Lockheed Martin’s payout ratio is 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.