Fishman Jay A Ltd. MI Sells 5,876 Shares of Lockheed Martin Corporation (NYSE:LMT)

Fishman Jay A Ltd. MI cut its position in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 69.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,541 shares of the aerospace company's stock after selling 5,876 shares during the period. Fishman Jay A Ltd. MI's holdings in Lockheed Martin were worth $1,135,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LMT. LaFleur & Godfrey LLC lifted its stake in shares of Lockheed Martin by 18.0% during the 4th quarter. LaFleur & Godfrey LLC now owns 1,156 shares of the aerospace company's stock worth $562,000 after acquiring an additional 176 shares during the last quarter. Eagle Capital Management LLC lifted its stake in shares of Lockheed Martin by 0.3% during the 4th quarter. Eagle Capital Management LLC now owns 10,827 shares of the aerospace company's stock worth $5,261,000 after acquiring an additional 32 shares during the last quarter. Brighton Jones LLC increased its holdings in 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 purchasing an additional 191 shares during the period. Hudson Portfolio Management LLC purchased a new position in Lockheed Martin during the 4th quarter worth $256,000. Finally, Strategic Financial Concepts LLC purchased a new position in Lockheed Martin during the 4th quarter worth $233,000. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Stock Performance

Shares of LMT stock opened at $470.21 on Friday. The stock has a market cap of $110.17 billion, a PE ratio of 20.31, a price-to-earnings-growth ratio of 1.63 and a beta of 0.29. The business has a 50-day simple moving average of $471.63 and a 200-day simple moving average of $468.59. The company has a quick ratio of 0.91, a current ratio of 1.08 and a debt-to-equity ratio of 2.79. Lockheed Martin Corporation 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 results on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share for the quarter, beating the consensus estimate of $6.34 by $0.94. Lockheed Martin had a return on equity of 104.09% and a net margin of 7.66%. The firm had revenue of $17.96 billion during the quarter, compared to analyst estimates of $17.83 billion. On average, equities 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 paid a dividend of $3.30 per share. The ex-dividend date is Monday, June 2nd. This represents a $13.20 annualized dividend and a yield of 2.81%. Lockheed Martin's dividend payout ratio (DPR) is currently 57.02%.

Analysts Set New Price Targets

Several research analysts have commented on the company. Wells Fargo & Company reduced their price objective on Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Royal Bank Of Canada downgraded Lockheed Martin from an "outperform" rating to a "sector perform" rating and cut their price target for the company from $550.00 to $480.00 in a report on Thursday, March 27th. UBS Group lifted 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. Melius downgraded Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Monday, March 24th. Finally, Bank of America downgraded Lockheed Martin from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $685.00 to $485.00 in a research note on Monday, March 24th. Nine 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 company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $541.80.

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.

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