Brown Advisory Inc. Trims Stock Holdings in Lockheed Martin Corporation (NYSE:LMT)

Brown Advisory Inc. decreased its stake in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 8.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,893 shares of the aerospace company's stock after selling 2,768 shares during the quarter. Brown Advisory Inc.'s holdings in Lockheed Martin were worth $13,800,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Alpha Cubed Investments LLC grew its position in shares of Lockheed Martin by 1.9% during the first quarter. Alpha Cubed Investments LLC now owns 30,233 shares of the aerospace company's stock worth $13,505,000 after purchasing an additional 573 shares in the last quarter. Beverly Hills Private Wealth LLC grew its position in shares of Lockheed Martin by 7.3% during the first quarter. Beverly Hills Private Wealth LLC now owns 955 shares of the aerospace company's stock worth $427,000 after purchasing an additional 65 shares in the last quarter. Interchange Capital Partners LLC grew its position in shares of Lockheed Martin by 21.8% during the first quarter. Interchange Capital Partners LLC now owns 759 shares of the aerospace company's stock worth $339,000 after purchasing an additional 136 shares in the last quarter. Abound Financial LLC purchased a new stake in shares of Lockheed Martin during the first quarter worth about $52,000. Finally, Penserra Capital Management LLC grew its holdings in Lockheed Martin by 42.2% during the 1st quarter. Penserra Capital Management LLC now owns 36,823 shares of the aerospace company's stock valued at $16,448,000 after buying an additional 10,925 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Morgan Stanley upgraded Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 price target for the company in a report on Wednesday, April 16th. UBS Group raised their price target on Lockheed Martin from $481.00 to $499.00 and gave the company a "neutral" rating in a report on Wednesday, April 23rd. TD Cowen reiterated a "hold" rating and issued a $480.00 target price (down previously from $500.00) on shares of Lockheed Martin in a report on Thursday. Jefferies Financial Group dropped their target price on Lockheed Martin from $510.00 to $500.00 and set a "hold" rating for the company in a report on Monday, April 28th. Finally, Melius Research cut Lockheed Martin from a "strong-buy" rating to a "hold" rating in a report on Monday, March 24th. Ten investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Lockheed Martin has a consensus rating of "Moderate Buy" and a consensus price target of $533.13.

Lockheed Martin Price Performance

Shares of LMT stock opened at $464.56 on Friday. Lockheed Martin Corporation has a twelve month low of $418.88 and a twelve month high of $618.95. The stock has a market capitalization of $108.85 billion, a price-to-earnings ratio of 20.07, a P/E/G ratio of 1.61 and a beta of 0.28. The stock has a fifty day simple moving average of $469.64 and a two-hundred day simple moving average of $465.15. The company has a current ratio of 1.08, a quick ratio of 0.91 and a debt-to-equity ratio of 2.79.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share for the quarter, topping the consensus estimate of $6.34 by $0.94. The business had revenue of $17.96 billion during the quarter, compared to analysts' expectations of $17.83 billion. Lockheed Martin had a return on equity of 104.09% and a net margin of 7.66%. On average, analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 2nd will be given a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a yield of 2.84%. The ex-dividend date of this dividend is Tuesday, September 2nd. Lockheed Martin's dividend payout ratio is currently 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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