Courier Capital LLC lowered its position in Lockheed Martin Co. (NYSE:LMT - Free Report) by 3.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,693 shares of the aerospace company's stock after selling 549 shares during the quarter. Courier Capital LLC's holdings in Lockheed Martin were worth $6,117,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently made changes to their positions in the company. Millstone Evans Group LLC acquired a new stake in shares of Lockheed Martin during the 4th quarter worth approximately $32,000. Mizuho Securities Co. Ltd. acquired a new stake in shares of Lockheed Martin during the 4th quarter worth approximately $34,000. Heck Capital Advisors LLC acquired a new stake in shares of Lockheed Martin during the 4th quarter worth approximately $35,000. Redwood Park Advisors LLC acquired a new stake in shares of Lockheed Martin during the 4th quarter worth approximately $40,000. Finally, Runnymede Capital Advisors Inc. acquired a new stake in Lockheed Martin in the 4th quarter valued at $42,000. Institutional investors and hedge funds own 74.19% of the company's stock.
Lockheed Martin Stock Performance
Shares of Lockheed Martin stock opened at $481.49 on Monday. The stock's fifty day moving average is $467.56 and its two-hundred day moving average is $471.52. The company has a market capitalization of $112.81 billion, a PE ratio of 21.63, a price-to-earnings-growth ratio of 2.07 and a beta of 0.29. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10. Lockheed Martin Co. has a 52 week low of $418.88 and a 52 week high of $618.95.
Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $7.28 EPS for the quarter, beating the consensus estimate of $6.34 by $0.94. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. 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 year.
Lockheed Martin Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Monday, June 2nd will be paid a $3.30 dividend. 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 (DPR) is presently 57.02%.
Analyst Ratings Changes
A number of equities analysts have issued reports on LMT shares. Jefferies Financial Group cut their price objective on shares of Lockheed Martin from $510.00 to $500.00 and set a "hold" rating on the stock in a report on Monday, April 28th. Melius Research cut Lockheed Martin from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 24th. Royal Bank of Canada lowered Lockheed Martin from an "outperform" rating to a "sector perform" rating and cut their price objective for the stock from $550.00 to $480.00 in a report on Thursday, March 27th. Bank of America lowered Lockheed Martin from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $685.00 to $485.00 in a research note on Monday, March 24th. Finally, Morgan Stanley raised Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 price target for the company in a research note on Wednesday, April 16th. Nine research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $541.80.
Check Out Our Latest Stock Analysis on Lockheed Martin
Lockheed Martin Profile
(
Free Report)
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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