CWA Asset Management Group LLC Sells 8,968 Shares of Lockheed Martin Corporation (NYSE:LMT)

CWA Asset Management Group LLC decreased its position in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 27.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,124 shares of the aerospace company's stock after selling 8,968 shares during the quarter. CWA Asset Management Group LLC's holdings in Lockheed Martin were worth $10,330,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of LMT. GAMMA Investing LLC lifted its stake in Lockheed Martin by 41,104.9% in the 1st quarter. GAMMA Investing LLC now owns 1,991,433 shares of the aerospace company's stock valued at $889,593,000 after acquiring an additional 1,986,600 shares in the last quarter. Proficio Capital Partners LLC raised its holdings in shares of 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 purchasing an additional 1,233,275 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Lockheed Martin by 17.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,471,071 shares of the aerospace company's stock worth $3,630,492,000 after purchasing an additional 1,132,461 shares during the last quarter. Castlekeep Investment Advisors LLC acquired a new position in Lockheed Martin during the fourth quarter worth $526,587,000. Finally, Leigh Baldwin & CO. LLC acquired a new position in shares of Lockheed Martin during the 4th quarter worth about $451,985,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

LMT has been the topic of several analyst reports. Wells Fargo & Company dropped their target price on Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Wall Street Zen lowered Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research report on Saturday, May 3rd. Bank of America downgraded Lockheed Martin from a "buy" rating to a "neutral" rating and cut their price objective for the company from $685.00 to $485.00 in a report on Monday, March 24th. Morgan Stanley raised shares of Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 target price for the company in a research note on Wednesday, April 16th. Finally, Melius Research lowered shares of Lockheed Martin from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 24th. Nine investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned 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 target price of $541.80.

Lockheed Martin Stock Performance

Shares of NYSE:LMT traded down $11.07 on Thursday, hitting $468.27. The company had a trading volume of 1,865,340 shares, compared to its average volume of 1,341,252. The stock has a market cap of $109.72 billion, a price-to-earnings ratio of 20.23, a P/E/G ratio of 1.63 and a beta of 0.29. The stock has a 50 day moving average price of $471.73 and a 200 day moving average price of $468.91. Lockheed Martin Corporation has a 1-year low of $418.88 and a 1-year high of $618.95. 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 (NYSE:LMT - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 EPS for the quarter, topping the consensus estimate of $6.34 by $0.94. The business had revenue of $17.96 billion during the quarter, compared to the consensus estimate of $17.83 billion. Lockheed Martin had a net margin of 7.66% and a return on equity of 104.09%. Analysts expect that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Monday, June 2nd will be given a $3.30 dividend. This represents a $13.20 annualized dividend and a dividend yield of 2.82%. The ex-dividend date is Monday, June 2nd. Lockheed Martin's payout ratio is 57.02%.

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.