Beacon Financial Group Sells 885 Shares of Lockheed Martin Co. (NYSE:LMT)

Beacon Financial Group reduced its stake in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 10.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,907 shares of the aerospace company's stock after selling 885 shares during the period. Beacon Financial Group's holdings in Lockheed Martin were worth $3,532,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of LMT. LaFleur & Godfrey LLC boosted its holdings in Lockheed Martin by 18.0% in the fourth quarter. LaFleur & Godfrey LLC now owns 1,156 shares of the aerospace company's stock worth $562,000 after purchasing an additional 176 shares in the last quarter. Eagle Capital Management LLC boosted its holdings in Lockheed Martin by 0.3% in the fourth quarter. Eagle Capital Management LLC now owns 10,827 shares of the aerospace company's stock worth $5,261,000 after purchasing an additional 32 shares in the last quarter. Brighton Jones LLC boosted its holdings in Lockheed Martin by 5.0% in the fourth quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company's stock worth $1,941,000 after purchasing an additional 191 shares in the last quarter. Hudson Portfolio Management LLC bought a new stake in Lockheed Martin in the fourth quarter worth $256,000. Finally, Alliance Wealth Advisors LLC UT boosted its holdings in Lockheed Martin by 12.4% in the fourth quarter. Alliance Wealth Advisors LLC UT now owns 599 shares of the aerospace company's stock worth $291,000 after purchasing an additional 66 shares in the last quarter. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. UBS Group boosted their target price on shares of Lockheed Martin from $481.00 to $499.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 23rd. Baird R W raised shares of Lockheed Martin from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 23rd. Melius lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Monday, March 24th. Robert W. Baird raised shares of Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 target price for the company in a research report on Wednesday, April 23rd. Finally, Bank of America lowered shares of Lockheed Martin from a "buy" rating to a "neutral" rating and cut their target price for the stock from $685.00 to $485.00 in a research report on Monday, March 24th. Nine equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $541.80.

Lockheed Martin Stock Performance

Shares of LMT traded up $3.46 during trading hours on Friday, reaching $481.49. 714,253 shares of the company traded hands, compared to its average volume of 1,300,517. Lockheed Martin Co. has a 1-year low of $418.88 and a 1-year high of $618.95. 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 market cap of $112.81 billion, a P/E ratio of 21.63, a price-to-earnings-growth ratio of 2.07 and a beta of 0.29. The stock's fifty day moving average is $467.56 and its 200 day moving average is $471.52.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 EPS for the quarter, topping analysts' consensus estimates of $6.34 by $0.94. The firm had revenue of $17.96 billion during the quarter, compared to analysts' expectations of $17.83 billion. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. Equities research analysts anticipate that Lockheed Martin Co. will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, June 2nd will be paid a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date is Monday, June 2nd. Lockheed Martin's dividend payout ratio is 57.02%.

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.