American Century Companies Inc. Sells 35,039 Shares of Lockheed Martin Corporation $LMT

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

American Century Companies Inc. lessened its position in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 20.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 139,087 shares of the aerospace company's stock after selling 35,039 shares during the quarter. American Century Companies Inc. owned approximately 0.06% of Lockheed Martin worth $62,132,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in LMT. TruNorth Capital Management LLC purchased a new position in Lockheed Martin during the first quarter valued at $31,000. Heck Capital Advisors LLC bought a new stake in Lockheed Martin during the fourth quarter valued at about $35,000. Banque Transatlantique SA purchased a new position in shares of Lockheed Martin in the fourth quarter valued at about $43,000. EQ Wealth Advisors LLC purchased a new position in shares of Lockheed Martin in the first quarter valued at about $43,000. Finally, Ritter Daniher Financial Advisory LLC DE purchased a new position in shares of Lockheed Martin in the first quarter valued at about $45,000. Hedge funds and other institutional investors own 74.19% of the company's stock.

Lockheed Martin Trading Up 0.7%

Shares of LMT stock opened at $440.71 on Tuesday. Lockheed Martin Corporation has a 1 year low of $410.11 and a 1 year high of $618.95. The company has a debt-to-equity ratio of 3.47, a current ratio of 0.98 and a quick ratio of 0.83. The stock's 50 day simple moving average is $450.83 and its two-hundred day simple moving average is $456.59. The company has a market cap of $102.89 billion, a PE ratio of 24.81, a price-to-earnings-growth ratio of 1.54 and a beta of 0.27.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.57 by $0.72. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%. The business had revenue of $18.16 billion for the quarter, compared to the consensus estimate of $18.59 billion. During the same period in the prior year, the business posted $7.11 earnings per share. The company's quarterly revenue was up .2% compared to the same quarter last year. Research analysts predict that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 2nd will be given a dividend of $3.30 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $13.20 dividend on an annualized basis and a yield of 3.0%. Lockheed Martin's dividend payout ratio is 74.32%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on LMT shares. Susquehanna lowered their price objective on Lockheed Martin from $550.00 to $490.00 and set a "positive" rating on the stock in a research report on Wednesday, July 23rd. TD Cowen restated a "hold" rating and issued a $480.00 price objective (down from $500.00) on shares of Lockheed Martin in a research report on Thursday, July 10th. JPMorgan Chase & Co. lowered their price objective on Lockheed Martin from $520.00 to $465.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 23rd. Wall Street Zen downgraded Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Finally, Sanford C. Bernstein set a $551.00 price objective on Lockheed Martin and gave the company a "market perform" rating in a research report on Monday, July 14th. Fifteen investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $506.65.

Lockheed Martin 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.