Insigneo Advisory Services LLC Trims Position in Lockheed Martin Corporation (NYSE:LMT)

Insigneo Advisory Services LLC reduced its position in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 44.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 2,167 shares of the aerospace company's stock after selling 1,761 shares during the period. Insigneo Advisory Services LLC's holdings in Lockheed Martin were worth $968,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Private Portfolio Partners LLC increased its position in shares of Lockheed Martin by 4.8% in the 4th quarter. Private Portfolio Partners LLC now owns 502 shares of the aerospace company's stock valued at $244,000 after buying an additional 23 shares in the last quarter. Tealwood Asset Management Inc. increased its stake in Lockheed Martin by 0.4% in the 1st quarter. Tealwood Asset Management Inc. now owns 5,728 shares of the aerospace company's stock valued at $2,559,000 after buying an additional 23 shares during the last quarter. Southland Equity Partners LLC raised its holdings in Lockheed Martin by 3.1% during the first quarter. Southland Equity Partners LLC now owns 766 shares of the aerospace company's stock worth $342,000 after acquiring an additional 23 shares in the last quarter. Invenio Wealth Partners LLC raised its stake in shares of Lockheed Martin by 6.2% during the 4th quarter. Invenio Wealth Partners LLC now owns 414 shares of the aerospace company's stock worth $201,000 after purchasing an additional 24 shares in the last quarter. Finally, Pioneer Trust Bank N A OR increased its stake in shares of Lockheed Martin by 1.3% during the 4th quarter. Pioneer Trust Bank N A OR now owns 1,944 shares of the aerospace company's stock worth $945,000 after purchasing an additional 24 shares during the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on LMT. Royal Bank Of Canada cut Lockheed Martin from an "outperform" rating to a "sector perform" rating and reduced their price objective for the stock from $550.00 to $480.00 in a report on Thursday, March 27th. Melius Research downgraded Lockheed Martin from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 24th. Morgan Stanley upgraded shares of Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 price target for the company in a report on Wednesday, April 16th. Baird R W upgraded Lockheed Martin from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 23rd. Finally, Melius cut shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Monday, March 24th. Nine equities 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 stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $541.80.

Lockheed Martin Trading Down 2.3%

NYSE LMT traded down $11.07 on Thursday, hitting $468.27. The company's stock had a trading volume of 1,865,340 shares, compared to its average volume of 1,341,252. The company has a current ratio of 1.08, a quick ratio of 0.91 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. The firm has a market cap of $109.72 billion, a P/E ratio of 20.23, a PEG ratio of 1.63 and a beta of 0.29. The company's 50-day simple moving average is $471.66 and its 200 day simple moving average is $469.27.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $7.28 EPS for the quarter, topping the consensus estimate of $6.34 by $0.94. Lockheed Martin had a net margin of 7.66% and a return on equity of 104.09%. The business had revenue of $17.96 billion during the quarter, compared to analyst estimates of $17.83 billion. Research analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

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