Lockheed Martin Corporation (NYSE:LMT) Shares Sold by Leavell Investment Management Inc.

Leavell Investment Management Inc. decreased its position in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 9.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 20,347 shares of the aerospace company's stock after selling 2,001 shares during the quarter. Leavell Investment Management Inc.'s holdings in Lockheed Martin were worth $9,089,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in LMT. GAMMA Investing LLC increased its position 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 during the period. Castlekeep Investment Advisors LLC acquired a new position in Lockheed Martin in the 4th quarter valued at about $526,587,000. Leigh Baldwin & CO. LLC acquired a new position in Lockheed Martin in the 4th quarter valued at about $451,985,000. Capital Research Global Investors acquired a new position in Lockheed Martin in the 4th quarter valued at about $229,987,000. Finally, Demars Financial Group LLC increased its position in Lockheed Martin by 47,002.5% in the 4th quarter. Demars Financial Group LLC now owns 433,343 shares of the aerospace company's stock valued at $210,579,000 after acquiring an additional 432,423 shares during the period. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Stock Up 0.1%

NYSE:LMT opened at $463.61 on Thursday. The firm has a market capitalization of $108.62 billion, a price-to-earnings ratio of 20.03, a PEG ratio of 1.61 and a beta of 0.28. 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. The business's fifty day moving average price is $469.92 and its 200 day moving average price is $465.30.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share for the quarter, topping analysts' consensus estimates of $6.34 by $0.94. Lockheed Martin had a return on equity of 104.09% and a net margin of 7.66%. The company had revenue of $17.96 billion during the quarter, compared to analysts' expectations of $17.83 billion. On average, sell-side analysts forecast that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $3.30 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.85%. Lockheed Martin's dividend payout ratio (DPR) is presently 57.02%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on LMT shares. Bank of America downgraded Lockheed Martin from a "buy" rating to a "neutral" rating and cut their target price for the stock from $685.00 to $485.00 in a research note on Monday, March 24th. Wells Fargo & Company dropped their price objective on 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. Jefferies Financial Group dropped their price objective on Lockheed Martin from $510.00 to $500.00 and set a "hold" rating for the company in a research note on Monday, April 28th. Melius downgraded Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Monday, March 24th. Finally, Baird R W raised Lockheed Martin from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 23rd. Nine analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $541.80.

Lockheed Martin Company 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.

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