Natixis Advisors LLC Sells 3,652 Shares of Lockheed Martin Co. (NYSE:LMT)

Natixis Advisors LLC trimmed its holdings in Lockheed Martin Co. (NYSE:LMT) by 3.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 97,143 shares of the aerospace company’s stock after selling 3,652 shares during the quarter. Natixis Advisors LLC’s holdings in Lockheed Martin were worth $47,205,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Itau Unibanco Holding S.A. bought a new position in shares of Lockheed Martin in the third quarter valued at about $26,000. Heck Capital Advisors LLC bought a new position in shares of Lockheed Martin in the fourth quarter valued at about $35,000. Legacy Investment Solutions LLC bought a new position in shares of Lockheed Martin in the third quarter valued at about $42,000. Sugar Maple Asset Management LLC bought a new position in shares of Lockheed Martin in the fourth quarter valued at about $47,000. Finally, Kohmann Bosshard Financial Services LLC bought a new position in shares of Lockheed Martin in the fourth quarter valued at about $52,000. 74.19% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Lockheed Martin news, VP Harry Edward Paul III sold 707 shares of the company’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 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $442.42, for a total value of $1,421,495.46. Following the transaction, the insider now directly owns 2,000 shares of the company’s stock, valued at approximately $884,840. This trade represents 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. 0.17% of the stock is currently owned by insiders.

Lockheed Martin Price Performance

Shares of LMT opened at $467.07 on Monday. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13. The stock has a 50 day simple moving average of $461.39 and a 200 day simple moving average of $518.19. Lockheed Martin Co. has a 52-week low of $419.70 and a 52-week high of $618.95. The firm has a market capitalization of $109.94 billion, a PE ratio of 20.98, a P/E/G ratio of 2.07 and a beta of 0.43.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. Sell-side analysts predict that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The company 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 2.83%. The ex-dividend date of this dividend is Monday, March 3rd. Lockheed Martin’s dividend payout ratio (DPR) is currently 59.30%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Wells Fargo & Company reaffirmed an “equal weight” rating on shares of Lockheed Martin in a report on Monday, March 10th. UBS Group dropped their price objective on Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating for the company in a report on Wednesday, January 29th. Barclays dropped their price objective on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a report on Monday, January 6th. Susquehanna dropped their price objective on Lockheed Martin from $590.00 to $550.00 and set a “positive” rating for the company in a report on Wednesday, January 29th. Finally, StockNews.com cut Lockheed Martin from a “buy” rating to a “hold” rating in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $554.20.

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.