Lockheed Martin Co. (NYSE:LMT) Shares Sold by CX Institutional

CX Institutional lessened its stake in Lockheed Martin Co. (NYSE:LMT - Free Report) by 20.1% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 14,851 shares of the aerospace company's stock after selling 3,734 shares during the quarter. CX Institutional's holdings in Lockheed Martin were worth $6,634,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. LaFleur & Godfrey LLC increased its position in Lockheed Martin by 18.0% during the fourth quarter. LaFleur & Godfrey LLC now owns 1,156 shares of the aerospace company's stock worth $562,000 after buying an additional 176 shares during the period. Eagle Capital Management LLC increased its position in Lockheed Martin by 0.3% during the fourth quarter. Eagle Capital Management LLC now owns 10,827 shares of the aerospace company's stock worth $5,261,000 after buying an additional 32 shares during the period. Brighton Jones LLC increased its position in Lockheed Martin by 5.0% during the fourth quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company's stock worth $1,941,000 after buying an additional 191 shares during the period. Hudson Portfolio Management LLC acquired a new position in Lockheed Martin during the fourth quarter worth approximately $256,000. Finally, WCM Investment Management LLC increased its position in Lockheed Martin by 36.2% during the fourth quarter. WCM Investment Management LLC now owns 4,883 shares of the aerospace company's stock worth $2,360,000 after buying an additional 1,298 shares during the period. Hedge funds and other institutional investors own 74.19% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Melius Research lowered Lockheed Martin from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 24th. Jefferies Financial Group lowered their target price 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. Bank of America downgraded Lockheed Martin from a "buy" rating to a "neutral" rating and lowered their target price for the company from $685.00 to $485.00 in a research note on Monday, March 24th. Robert W. Baird upgraded Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 target price on the stock in a research note on Wednesday, April 23rd. Finally, Melius downgraded Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Monday, March 24th. Nine 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. Based on data from MarketBeat.com, Lockheed Martin presently has a consensus rating of "Moderate Buy" and a consensus target price of $541.80.

Lockheed Martin Price Performance

Shares of NYSE LMT traded up $16.48 during trading on Friday, reaching $485.75. The company had a trading volume of 2,714,812 shares, compared to its average volume of 1,322,059. Lockheed Martin Co. has a twelve month low of $418.88 and a twelve month high of $618.95. The stock has a market capitalization of $113.81 billion, a PE ratio of 21.82, a price-to-earnings-growth ratio of 2.07 and a beta of 0.29. The stock has a 50-day moving average price of $470.72 and a two-hundred day moving average price of $470.42. 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 (NYSE:LMT - Get Free Report) last released its earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 EPS 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 analyst estimates of $17.83 billion. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. As a group, sell-side analysts predict that Lockheed Martin Co. will post 27.15 earnings per share for the current year.

Lockheed Martin Announces Dividend

The company also recently declared 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 annualized dividend and a yield of 2.72%. Lockheed Martin's dividend payout ratio is presently 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.