Fort Washington Investment Advisors Inc. OH Sells 558 Shares of Lockheed Martin Co. (NYSE:LMT)

Fort Washington Investment Advisors Inc. OH reduced its stake in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 0.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 118,200 shares of the aerospace company's stock after selling 558 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned about 0.05% of Lockheed Martin worth $52,801,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of LMT. GAMMA Investing LLC raised its stake in shares of Lockheed Martin by 41,104.9% during the first quarter. GAMMA Investing LLC now owns 1,991,433 shares of the aerospace company's stock valued at $889,593,000 after purchasing an additional 1,986,600 shares in the last quarter. Proficio Capital Partners LLC grew its holdings in Lockheed Martin by 53,784.3% during the fourth quarter. Proficio Capital Partners LLC now owns 1,235,568 shares of the aerospace company's stock worth $600,412,000 after acquiring an additional 1,233,275 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Lockheed Martin by 17.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,471,071 shares of the aerospace company's stock worth $3,630,492,000 after acquiring an additional 1,132,461 shares during the period. Castlekeep Investment Advisors LLC acquired a new position in Lockheed Martin during the fourth quarter worth about $526,587,000. Finally, Leigh Baldwin & CO. LLC acquired a new position in Lockheed Martin during the fourth quarter worth about $451,985,000. 74.19% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on LMT. Jefferies Financial Group dropped their price target on Lockheed Martin from $510.00 to $500.00 and set a "hold" rating on the stock in a research note on Monday, April 28th. Royal Bank of Canada cut Lockheed Martin from an "outperform" rating to a "sector perform" rating and dropped their price target for the stock from $550.00 to $480.00 in a research note on Thursday, March 27th. Bank of America cut Lockheed Martin from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $685.00 to $485.00 in a research note on Monday, March 24th. Morgan Stanley raised Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 price target on the stock in a research note on Wednesday, April 16th. Finally, Baird R W raised Lockheed Martin from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 23rd. Nine investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $541.80.

Lockheed Martin Stock Performance

Shares of Lockheed Martin stock traded up $12.36 on Thursday, reaching $468.96. The stock had a trading volume of 1,698,888 shares, compared to its average volume of 1,314,108. The business's 50-day moving average price is $469.07 and its two-hundred day moving average price is $471.03. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13. The stock has a market cap of $109.88 billion, a P/E ratio of 21.07, a price-to-earnings-growth ratio of 2.07 and a beta of 0.29. Lockheed Martin Co. has a fifty-two week low of $418.88 and a fifty-two week high of $618.95.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 EPS for the quarter, beating analysts' consensus estimates of $6.34 by $0.94. The business had revenue of $17.96 billion during the quarter, compared to analyst estimates of $17.83 billion. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. On average, sell-side analysts forecast that Lockheed Martin Co. will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

The business also recently declared 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. This represents a $13.20 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date of this dividend is Monday, June 2nd. Lockheed Martin's dividend payout ratio (DPR) is 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.