Demars Financial Group LLC Sells 39,898 Shares of Lockheed Martin Corporation (NYSE:LMT)

Demars Financial Group LLC reduced its position in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 9.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 393,445 shares of the aerospace company's stock after selling 39,898 shares during the period. Lockheed Martin comprises approximately 0.6% of Demars Financial Group LLC's holdings, making the stock its 22nd largest holding. Demars Financial Group LLC owned about 0.17% of Lockheed Martin worth $175,756,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. LaFleur & Godfrey LLC lifted its stake in Lockheed Martin by 18.0% in the fourth quarter. LaFleur & Godfrey LLC now owns 1,156 shares of the aerospace company's stock valued at $562,000 after buying an additional 176 shares during the last quarter. Eagle Capital Management LLC increased its position in Lockheed Martin by 0.3% in the 4th quarter. Eagle Capital Management LLC now owns 10,827 shares of the aerospace company's stock valued at $5,261,000 after acquiring an additional 32 shares during the period. Brighton Jones LLC raised its position in shares of Lockheed Martin by 5.0% during the 4th quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company's stock worth $1,941,000 after buying an additional 191 shares in the last quarter. Hudson Portfolio Management LLC acquired a new stake in shares of Lockheed Martin in the 4th quarter worth approximately $256,000. Finally, Vontobel Holding Ltd. raised its stake in shares of Lockheed Martin by 95.0% in the 4th quarter. Vontobel Holding Ltd. now owns 3,702 shares of the aerospace company's stock worth $1,799,000 after buying an additional 1,804 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on LMT shares. Wall Street Zen downgraded shares of Lockheed Martin from a "strong-buy" rating to a "buy" rating in a report on Saturday, May 3rd. Morgan Stanley raised Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 target price on the stock in a research report on Wednesday, April 16th. Jefferies Financial Group cut their price objective on Lockheed Martin from $510.00 to $500.00 and set a "hold" rating on the stock in a report on Monday, April 28th. UBS Group raised their target price on shares of Lockheed Martin from $481.00 to $499.00 and gave the stock a "neutral" rating in a report on Wednesday, April 23rd. Finally, Melius downgraded shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Monday, March 24th. Nine investment 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 data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $541.80.

Lockheed Martin Stock Performance

Shares of NYSE LMT traded down $11.07 during trading hours on Thursday, hitting $468.27. 1,865,340 shares of the stock were exchanged, compared to its average volume of 1,341,252. Lockheed Martin Corporation has a one year low of $418.88 and a one year high of $618.95. The company's 50 day moving average is $471.73 and its 200 day moving average is $468.91. The company has a debt-to-equity ratio of 2.79, a current ratio of 1.08 and a quick ratio of 0.91. The firm has a market capitalization of $109.72 billion, a P/E ratio of 20.23, a P/E/G ratio of 1.63 and a beta of 0.29.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 EPS for the quarter, beating the consensus estimate 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 7.66% and a return on equity of 104.09%. On average, research analysts expect that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, June 2nd will be given a $3.30 dividend. The ex-dividend date is Monday, June 2nd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.82%. Lockheed Martin's dividend payout ratio is currently 57.02%.

Lockheed Martin 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.