Janney Montgomery Scott LLC lowered its stake in Lockheed Martin Co. (NYSE:LMT - Free Report) by 0.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 141,139 shares of the aerospace company's stock after selling 831 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.06% of Lockheed Martin worth $63,048,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Millstone Evans Group LLC purchased a new stake in shares of Lockheed Martin in the 4th quarter valued at approximately $32,000. Mizuho Securities Co. Ltd. purchased a new stake in shares of Lockheed Martin in the fourth quarter valued at $34,000. Heck Capital Advisors LLC purchased a new stake in shares of Lockheed Martin in the fourth quarter valued at $35,000. Redwood Park Advisors LLC acquired a new stake in shares of Lockheed Martin in the fourth quarter worth $40,000. Finally, Runnymede Capital Advisors Inc. acquired a new position in Lockheed Martin during the fourth quarter valued at $42,000. Institutional investors and hedge funds own 74.19% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on LMT shares. UBS Group lifted their target price on Lockheed Martin from $481.00 to $499.00 and gave the company a "neutral" rating in a research note on Wednesday, April 23rd. Royal Bank of Canada downgraded shares of Lockheed Martin from an "outperform" rating to a "sector perform" rating and lowered their price objective for the company from $550.00 to $480.00 in a research report on Thursday, March 27th. Melius Research lowered shares of Lockheed Martin from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. Bank of America lowered shares of Lockheed Martin from a "buy" rating to a "neutral" rating and decreased their target price for the company from $685.00 to $485.00 in a research note on Monday, March 24th. Finally, Jefferies Financial Group dropped their price target on shares of Lockheed Martin from $510.00 to $500.00 and set a "hold" rating on the stock in a research note on Monday, April 28th. Nine equities research 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 company. According to MarketBeat.com, Lockheed Martin has an average rating of "Moderate Buy" and an average target price of $541.80.
View Our Latest Analysis on Lockheed Martin
Lockheed Martin Stock Down 4.0%
Shares of Lockheed Martin stock opened at $466.91 on Tuesday. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10. The stock has a 50 day moving average price of $471.23 and a two-hundred day moving average price of $469.21. The stock has a market capitalization of $109.39 billion, a P/E ratio of 20.98, a PEG ratio of 2.07 and a beta of 0.29. Lockheed Martin Co. has a 12-month low of $418.88 and a 12-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 for the quarter, beating the consensus estimate of $6.34 by $0.94. The firm had revenue of $17.96 billion during the quarter, compared to the consensus estimate of $17.83 billion. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. Equities analysts expect that Lockheed Martin Co. will post 27.15 earnings per share for the current year.
Lockheed Martin Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Monday, June 2nd will be issued a dividend of $3.30 per share. The ex-dividend date is Monday, June 2nd. This represents a $13.20 annualized dividend and a dividend yield of 2.83%. Lockheed Martin's payout ratio is 57.02%.
Lockheed Martin Company Profile
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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.
See Also
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