Terra Nova Asset Management LLC Has $317,000 Stake in Lockheed Martin Co. (NYSE:LMT)

Terra Nova Asset Management LLC decreased its holdings in Lockheed Martin Co. (NYSE:LMT) by 3.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 699 shares of the aerospace company’s stock after selling 22 shares during the quarter. Terra Nova Asset Management LLC’s holdings in Lockheed Martin were worth $317,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Bank Julius Baer & Co. Ltd Zurich boosted its position in shares of Lockheed Martin by 73.0% during the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 64 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 27 shares in the last quarter. CGC Financial Services LLC bought a new stake in Lockheed Martin during the 2nd quarter worth approximately $31,000. Coppell Advisory Solutions Corp. bought a new position in Lockheed Martin in the fourth quarter valued at approximately $31,000. Milestone Investment Advisors LLC acquired a new stake in shares of Lockheed Martin during the third quarter worth $33,000. Finally, Providence Capital Advisors LLC acquired a new position in Lockheed Martin in the 3rd quarter worth $35,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, COO John Frank A. St sold 6,648 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $425.35, for a total value of $2,827,726.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Lockheed Martin news, insider Gregory M. Ulmer sold 6,204 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $431.19, for a total transaction of $2,675,102.76. Following the completion of the sale, the insider now directly owns 12,604 shares in the company, valued at approximately $5,434,718.76. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO John Frank A. St sold 6,648 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $425.35, for a total value of $2,827,726.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,874 shares of company stock valued at $7,249,946. 0.17% of the stock is currently owned by company insiders.

Lockheed Martin Trading Down 0.4 %

Shares of Lockheed Martin stock opened at $454.90 on Friday. The firm has a market capitalization of $109.40 billion, a PE ratio of 16.51, a price-to-earnings-growth ratio of 4.17 and a beta of 0.48. The company has a current ratio of 1.21, a quick ratio of 1.03 and a debt-to-equity ratio of 2.53. The firm’s 50 day moving average is $433.47 and its 200 day moving average is $438.48. Lockheed Martin Co. has a 1 year low of $393.77 and a 1 year high of $508.10.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, January 23rd. The aerospace company reported $7.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.26 by $0.64. The business had revenue of $18.87 billion during the quarter, compared to analysts’ expectations of $17.96 billion. Lockheed Martin had a return on equity of 79.91% and a net margin of 10.24%. The business’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $7.79 EPS. Equities research analysts forecast that Lockheed Martin Co. will post 26.13 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 1st will be given a dividend of $3.15 per share. This represents a $12.60 annualized dividend and a yield of 2.77%. The ex-dividend date is Thursday, February 29th. Lockheed Martin’s dividend payout ratio is currently 45.74%.

Analyst Ratings Changes

A number of research analysts recently issued reports on LMT shares. Morgan Stanley decreased their price objective on Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating for the company in a report on Wednesday, January 24th. Susquehanna dropped their price objective on Lockheed Martin from $550.00 to $540.00 and set a “positive” rating on the stock in a research note on Wednesday, January 24th. UBS Group decreased their price objective on shares of Lockheed Martin from $488.00 to $475.00 and set a “neutral” rating for the company in a research report on Wednesday, January 24th. Royal Bank of Canada decreased their target price on Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 24th. Finally, Citigroup reduced their target price on shares of Lockheed Martin from $540.00 to $508.00 and set a “buy” rating for the company in a report on Wednesday, January 24th. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $491.92.

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.