Integrated Advisors Network LLC reduced its stake in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 6.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,243 shares of the aerospace company's stock after selling 763 shares during the quarter. Integrated Advisors Network LLC's holdings in Lockheed Martin were worth $5,463,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in LMT. Proficio Capital Partners LLC raised its stake in Lockheed Martin by 53,784.3% in the fourth quarter. Proficio Capital Partners LLC now owns 1,235,568 shares of the aerospace company's stock valued at $600,412,000 after buying an additional 1,233,275 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Lockheed Martin by 17.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,471,071 shares of the aerospace company's stock valued at $3,630,492,000 after buying an additional 1,132,461 shares during the last quarter. Castlekeep Investment Advisors LLC purchased a new stake in Lockheed Martin in the fourth quarter valued at about $526,587,000. Leigh Baldwin & CO. LLC purchased a new stake in Lockheed Martin in the fourth quarter valued at about $451,985,000. Finally, Van ECK Associates Corp raised its stake in shares of Lockheed Martin by 1,239.6% in the fourth quarter. Van ECK Associates Corp now owns 548,237 shares of the aerospace company's stock worth $266,410,000 after purchasing an additional 507,312 shares during the last quarter. 74.19% of the stock is currently owned by hedge funds and other institutional investors.
Lockheed Martin Price Performance
LMT traded up $2.65 during trading on Thursday, hitting $472.63. The company's stock had a trading volume of 367,594 shares, compared to its average volume of 1,293,059. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10. Lockheed Martin Co. has a twelve month low of $418.88 and a twelve month high of $618.95. The business's fifty day simple moving average is $462.47 and its 200 day simple moving average is $475.74. The firm has a market capitalization of $110.74 billion, a price-to-earnings ratio of 21.22, a P/E/G ratio of 2.07 and a beta of 0.29.
Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.34 by $0.94. The firm had revenue of $17.96 billion for 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, equities research analysts forecast that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.
Lockheed Martin Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders 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 dividend yield of 2.79%. The ex-dividend date of this dividend is Monday, June 2nd. Lockheed Martin's dividend payout ratio is presently 57.02%.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on LMT shares. Robert W. Baird upgraded Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 price objective for the company in a research note on Wednesday, April 23rd. Wall Street Zen cut Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research note on Saturday, May 3rd. Morgan Stanley upgraded Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 price objective for the company in a research note on Wednesday, April 16th. UBS Group raised their price objective on Lockheed Martin from $481.00 to $499.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 23rd. Finally, Melius Research cut Lockheed Martin from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. Nine investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued 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.
Read Our Latest Stock Report on Lockheed Martin
Lockheed Martin Company 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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