Lockheed Martin Co. (NYSE:LMT) Position Trimmed by Legacy Private Trust Co.

Legacy Private Trust Co. reduced its stake in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 43.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,672 shares of the aerospace company's stock after selling 3,562 shares during the period. Legacy Private Trust Co.'s holdings in Lockheed Martin were worth $2,087,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LMT. Kentucky Retirement Systems Insurance Trust Fund lifted its stake in shares of Lockheed Martin by 51.7% during the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 9,528 shares of the aerospace company's stock worth $4,630,000 after purchasing an additional 3,247 shares during the period. Aquatic Capital Management LLC acquired a new position in Lockheed Martin in the fourth quarter valued at $33,294,000. Private Advisor Group LLC lifted its position in Lockheed Martin by 11.0% during the fourth quarter. Private Advisor Group LLC now owns 51,253 shares of the aerospace company's stock worth $24,906,000 after buying an additional 5,075 shares during the period. State of Wyoming boosted its stake in Lockheed Martin by 93.9% in the 4th quarter. State of Wyoming now owns 1,113 shares of the aerospace company's stock worth $541,000 after buying an additional 539 shares during the last quarter. Finally, Confluence Wealth Services Inc. grew its holdings in Lockheed Martin by 174.0% in the 4th quarter. Confluence Wealth Services Inc. now owns 3,176 shares of the aerospace company's stock valued at $1,579,000 after buying an additional 2,017 shares during the period. Hedge funds and other institutional investors own 74.19% of the company's stock.

Lockheed Martin Stock Down 1.0%

Shares of NYSE LMT traded down $4.65 during trading on Monday, reaching $474.43. 472,025 shares of the stock were exchanged, compared to its average volume of 1,294,635. The company has a market capitalization of $111.16 billion, a price-to-earnings ratio of 21.33, a price-to-earnings-growth ratio of 2.07 and a beta of 0.29. The business's 50-day moving average price is $464.02 and its 200 day moving average price is $473.45. The company has a quick ratio of 0.95, a current ratio of 1.13 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.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its 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. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. The business had revenue of $17.96 billion for the quarter, compared to analyst estimates of $17.83 billion. As a group, equities analysts forecast that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The business 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 of this dividend is Monday, June 2nd. This represents a $13.20 dividend on an annualized basis and a yield of 2.78%. Lockheed Martin's dividend payout ratio (DPR) is 57.02%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Robert W. Baird raised shares of 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. Melius Research lowered shares of Lockheed Martin from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 24th. Wall Street Zen lowered shares of Lockheed Martin from a "strong-buy" rating to a "buy" rating in a report on Saturday, May 3rd. Baird R W raised shares of Lockheed Martin from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 23rd. Finally, Royal Bank of Canada lowered Lockheed Martin from an "outperform" rating to a "sector perform" rating and cut their target price for the stock from $550.00 to $480.00 in a research report on Thursday, March 27th. Nine investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently 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.