Balefire LLC Has $1.13 Million Stock Holdings in Lockheed Martin Corporation (NYSE:LMT)

Balefire LLC trimmed its stake in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 46.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,520 shares of the aerospace company's stock after selling 2,206 shares during the quarter. Balefire LLC's holdings in Lockheed Martin were worth $1,126,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Private Portfolio Partners LLC raised its position in Lockheed Martin by 4.8% in the 4th quarter. Private Portfolio Partners LLC now owns 502 shares of the aerospace company's stock valued at $244,000 after buying an additional 23 shares during the last quarter. Tealwood Asset Management Inc. grew its stake in shares of Lockheed Martin by 0.4% in the 1st quarter. Tealwood Asset Management Inc. now owns 5,728 shares of the aerospace company's stock worth $2,559,000 after acquiring an additional 23 shares in the last quarter. Southland Equity Partners LLC raised its holdings in shares of Lockheed Martin by 3.1% in the first quarter. Southland Equity Partners LLC now owns 766 shares of the aerospace company's stock valued at $342,000 after purchasing an additional 23 shares during the last quarter. Nvest Financial LLC raised its holdings in shares of Lockheed Martin by 0.6% in the first quarter. Nvest Financial LLC now owns 3,621 shares of the aerospace company's stock valued at $1,617,000 after purchasing an additional 23 shares during the last quarter. Finally, Invenio Wealth Partners LLC lifted its position in shares of Lockheed Martin by 6.2% during the fourth quarter. Invenio Wealth Partners LLC now owns 414 shares of the aerospace company's stock valued at $201,000 after purchasing an additional 24 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company's stock.

Analyst Upgrades and Downgrades

LMT has been the subject of a number of recent analyst reports. Jefferies Financial Group reduced their price objective on shares of Lockheed Martin from $510.00 to $500.00 and set a "hold" rating for the company in a research report on Monday, April 28th. Melius lowered Lockheed Martin from a "buy" rating to a "hold" rating in a report on Monday, March 24th. Morgan Stanley upgraded Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 price target on the stock in a report on Wednesday, April 16th. Robert W. Baird upgraded Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 price objective for the company in a research note on Wednesday, April 23rd. Finally, Melius Research lowered Lockheed Martin from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 24th. Nine equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $541.80.

Lockheed Martin Trading Down 0.3%

Shares of Lockheed Martin stock opened at $458.72 on Thursday. The stock has a market capitalization of $107.48 billion, a P/E ratio of 19.82, a P/E/G ratio of 1.60 and a beta of 0.29. Lockheed Martin Corporation has a 52-week low of $418.88 and a 52-week high of $618.95. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.91 and a current ratio of 1.08. The stock's 50-day simple moving average is $471.01 and its 200 day simple moving average is $467.51.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.34 by $0.94. The company had revenue of $17.96 billion for the quarter, compared to analyst estimates of $17.83 billion. Lockheed Martin had a net margin of 7.66% and a return on equity of 104.09%. As a group, research analysts anticipate that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, September 2nd will be given a $3.30 dividend. This represents a $13.20 annualized dividend and a dividend yield of 2.88%. Lockheed Martin's dividend payout ratio (DPR) is presently 57.02%.

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.

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