Envestnet Portfolio Solutions Inc. decreased its holdings in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 22.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,725 shares of the aerospace company's stock after selling 6,374 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Lockheed Martin were worth $9,705,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also modified their holdings of the company. Aquatic Capital Management LLC acquired a new position in shares of Lockheed Martin in the fourth quarter worth $33,294,000. State of Wyoming grew its stake in shares of Lockheed Martin by 93.9% during the fourth quarter. State of Wyoming now owns 1,113 shares of the aerospace company's stock worth $541,000 after purchasing an additional 539 shares in the last quarter. Treasurer of the State of North Carolina grew its stake in shares of Lockheed Martin by 3.9% during the fourth quarter. Treasurer of the State of North Carolina now owns 102,674 shares of the aerospace company's stock worth $49,893,000 after purchasing an additional 3,809 shares in the last quarter. American National Bank & Trust grew its stake in shares of Lockheed Martin by 2.3% during the first quarter. American National Bank & Trust now owns 38,842 shares of the aerospace company's stock worth $17,351,000 after purchasing an additional 866 shares in the last quarter. Finally, BankPlus Trust Department acquired a new position in shares of Lockheed Martin during the fourth quarter worth $2,891,000. Institutional investors and hedge funds own 74.19% of the company's stock.
Analyst Ratings Changes
A number of equities analysts recently commented on the stock. Robert W. Baird upgraded shares of Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 target price for the company in a research note on Wednesday, April 23rd. Wall Street Zen downgraded shares of Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research note on Saturday, May 3rd. Baird R W upgraded shares of Lockheed Martin from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 23rd. Wells Fargo & Company lowered their target price on shares of Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Finally, Melius Research downgraded shares of 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 given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Lockheed Martin currently has a consensus rating of "Moderate Buy" and a consensus target price of $541.80.
View Our Latest Stock Analysis on LMT
Lockheed Martin Price Performance
Shares of LMT opened at $468.27 on Friday. Lockheed Martin Corporation has a fifty-two week low of $418.88 and a fifty-two week high of $618.95. The company has a market capitalization of $109.72 billion, a price-to-earnings ratio of 20.23, a price-to-earnings-growth ratio of 1.63 and a beta of 0.29. The firm has a 50-day simple moving average of $471.73 and a 200-day simple moving average of $468.91. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.91 and a current ratio of 1.08.
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, topping the consensus estimate of $6.34 by $0.94. Lockheed Martin had a net margin of 7.66% and a return on equity of 104.09%. The business had revenue of $17.96 billion during the quarter, compared to the consensus estimate of $17.83 billion. On average, equities research analysts anticipate that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.
Lockheed Martin Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders 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 dividend yield of 2.82%. Lockheed Martin's dividend payout ratio (DPR) is 57.02%.
About Lockheed Martin
(
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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