Foster & Motley Inc. trimmed its position in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 75.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,801 shares of the aerospace company's stock after selling 8,530 shares during the period. Foster & Motley Inc.'s holdings in Lockheed Martin were worth $1,251,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LMT. TruNorth Capital Management LLC purchased a new stake in Lockheed Martin in the first quarter worth $31,000. Heck Capital Advisors LLC bought a new stake in Lockheed Martin in the fourth quarter worth $35,000. Redwood Park Advisors LLC bought a new position in shares of Lockheed Martin during the fourth quarter valued at $40,000. Banque Transatlantique SA bought a new position in shares of Lockheed Martin during the fourth quarter valued at $43,000. Finally, EQ Wealth Advisors LLC bought a new position in shares of Lockheed Martin during the first quarter valued at $43,000. 74.19% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on the company. Susquehanna lowered their price target on Lockheed Martin from $550.00 to $490.00 and set a "positive" rating on the stock in a report on Wednesday, July 23rd. 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 report on Tuesday, April 8th. Royal Bank Of Canada lowered their price target on Lockheed Martin from $480.00 to $440.00 and set a "sector perform" rating on the stock in a report on Wednesday, July 23rd. Sanford C. Bernstein set a $551.00 price target on Lockheed Martin and gave the company a "market perform" rating in a report on Monday, July 14th. Finally, Truist Financial downgraded Lockheed Martin from a "buy" rating to a "hold" rating and lowered their price target for the company from $554.00 to $440.00 in a report on Wednesday, July 23rd. Fifteen analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $506.65.
Read Our Latest Stock Report on LMT
Lockheed Martin Price Performance
Shares of NYSE:LMT traded down $1.44 during trading on Friday, hitting $419.55. 172,294 shares of the company's stock were exchanged, compared to its average volume of 1,673,350. The company has a debt-to-equity ratio of 3.47, a current ratio of 0.98 and a quick ratio of 0.83. Lockheed Martin Corporation has a 52-week low of $410.11 and a 52-week high of $618.95. The business's 50-day simple moving average is $461.64 and its 200 day simple moving average is $461.27. The company has a market cap of $97.95 billion, a price-to-earnings ratio of 23.61, a PEG ratio of 1.47 and a beta of 0.28.
Lockheed Martin (NYSE:LMT - Get Free Report) last released its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.57 by $0.72. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%. The firm had revenue of $18.16 billion during the quarter, compared to analysts' expectations of $18.59 billion. During the same quarter last year, the business posted $7.11 earnings per share. The firm's revenue was up .2% on a year-over-year basis. As a group, equities analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current year.
Lockheed Martin Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 2nd will be issued a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a yield of 3.1%. The ex-dividend date is Tuesday, September 2nd. Lockheed Martin's dividend payout ratio (DPR) is currently 74.32%.
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.
Featured Articles
Before you consider Lockheed Martin, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lockheed Martin wasn't on the list.
While Lockheed Martin currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
