Confluence Investment Management LLC Has $135.11 Million Stake in Lockheed Martin Co. (NYSE:LMT)

Confluence Investment Management LLC reduced its holdings in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 1.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 302,449 shares of the aerospace company's stock after selling 5,646 shares during the quarter. Lockheed Martin accounts for about 1.9% of Confluence Investment Management LLC's holdings, making the stock its 11th biggest holding. Confluence Investment Management LLC owned approximately 0.13% of Lockheed Martin worth $135,107,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of LMT. PBMares Wealth Management LLC lifted its holdings in shares of Lockheed Martin by 0.6% during the 4th quarter. PBMares Wealth Management LLC now owns 3,745 shares of the aerospace company's stock valued at $1,820,000 after acquiring an additional 22 shares in the last quarter. Nvwm LLC lifted its stake in shares of Lockheed Martin by 2.5% in the 4th quarter. Nvwm LLC now owns 908 shares of the aerospace company's stock worth $441,000 after acquiring an additional 22 shares during the period. Schear Investment Advisers LLC lifted its stake in shares of Lockheed Martin by 2.0% in the 4th quarter. Schear Investment Advisers LLC now owns 1,147 shares of the aerospace company's stock worth $557,000 after acquiring an additional 22 shares during the period. Hamilton Point Investment Advisors LLC lifted its position in shares of Lockheed Martin by 2.2% during the 4th quarter. Hamilton Point Investment Advisors LLC now owns 1,050 shares of the aerospace company's stock valued at $510,000 after acquiring an additional 23 shares during the last quarter. Finally, SYM FINANCIAL Corp raised its stake in Lockheed Martin by 5.6% during the 4th quarter. SYM FINANCIAL Corp now owns 434 shares of the aerospace company's stock valued at $211,000 after purchasing an additional 23 shares during the period. 74.19% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

LMT has been the topic of several analyst reports. Jefferies Financial Group lowered their target price on shares of Lockheed Martin from $510.00 to $500.00 and set a "hold" rating on the stock in a research report on Monday, April 28th. Susquehanna decreased their price target on shares of Lockheed Martin from $590.00 to $550.00 and set a "positive" rating for the company in a report on Wednesday, January 29th. Wall Street Zen cut shares of Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research report on Saturday, May 3rd. Melius cut shares of Lockheed Martin from a "buy" rating to a "hold" rating in a report on Monday, March 24th. Finally, UBS Group increased their price target 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. Nine investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $541.80.

Lockheed Martin Stock Up 0.8%

Lockheed Martin stock traded up $3.68 during midday trading on Thursday, hitting $473.66. 850,929 shares of the company's stock were exchanged, compared to its average volume of 1,295,032. The company has a market cap of $110.98 billion, a PE ratio of 21.28, a P/E/G ratio of 2.07 and a beta of 0.29. The firm has a 50-day moving average of $463.25 and a two-hundred day moving average of $475.07. Lockheed Martin Co. has a 12 month low of $418.88 and a 12 month 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.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly 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. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. The company had revenue of $17.96 billion for the quarter, compared to the consensus estimate of $17.83 billion. As a group, analysts expect that Lockheed Martin Co. will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Monday, June 2nd will be issued a $3.30 dividend. The ex-dividend date is Monday, June 2nd. This represents a $13.20 annualized dividend and a yield of 2.79%. Lockheed Martin's dividend payout ratio (DPR) is currently 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.