Focused Investors LLC Has $75.23 Million Stake in Lockheed Martin Corporation (NYSE:LMT)

Focused Investors LLC cut its position in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 2.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 168,400 shares of the aerospace company's stock after selling 5,100 shares during the period. Lockheed Martin comprises about 2.4% of Focused Investors LLC's investment portfolio, making the stock its 22nd largest position. Focused Investors LLC owned about 0.07% of Lockheed Martin worth $75,226,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of LMT. TruNorth Capital Management LLC bought a new stake in shares of Lockheed Martin during the first quarter valued at approximately $31,000. Millstone Evans Group LLC bought a new stake in shares of Lockheed Martin during the fourth quarter valued at approximately $32,000. Mizuho Securities Co. Ltd. bought a new stake in shares of Lockheed Martin during the fourth quarter valued at approximately $34,000. Heck Capital Advisors LLC bought a new stake in shares of Lockheed Martin during the fourth quarter valued at approximately $35,000. Finally, Redwood Park Advisors LLC bought a new stake in shares of Lockheed Martin during the fourth quarter valued at approximately $40,000. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Price Performance

Shares of Lockheed Martin stock traded down $1.87 during trading on Thursday, reaching $469.60. The company's stock had a trading volume of 925,459 shares, compared to its average volume of 1,369,127. The stock has a 50-day moving average price of $469.56 and a two-hundred day moving average price of $464.56. 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 Corporation has a one year low of $418.88 and a one year high of $618.95. The stock has a market capitalization of $110.03 billion, a P/E ratio of 20.29, a price-to-earnings-growth ratio of 1.65 and a beta of 0.28.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.34 by $0.94. Lockheed Martin had a return on equity of 104.09% and a net margin of 7.66%. The business had revenue of $17.96 billion for the quarter, compared to analyst estimates of $17.83 billion. As a group, sell-side analysts anticipate that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, September 2nd will be paid a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a dividend yield of 2.81%. The ex-dividend date of this dividend is Tuesday, September 2nd. Lockheed Martin's dividend payout ratio (DPR) is presently 57.02%.

Analyst Upgrades and Downgrades

LMT has been the topic of a number of analyst reports. Melius cut Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Monday, March 24th. Cowen cut Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Thursday, July 10th. Truist Financial set a $554.00 price target on Lockheed Martin and gave the company a "buy" rating in a research report on Friday, July 11th. Baird R W upgraded Lockheed Martin from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 23rd. Finally, Wells Fargo & Company lowered their price target on Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. Twelve equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $532.69.

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.