Lockheed Martin Corporation (NYSE:LMT) Shares Sold by Moran Wealth Management LLC

Moran Wealth Management LLC reduced its stake in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 21.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 82,591 shares of the aerospace company's stock after selling 22,535 shares during the period. Lockheed Martin makes up approximately 1.2% of Moran Wealth Management LLC's investment portfolio, making the stock its 9th biggest position. Moran Wealth Management LLC's holdings in Lockheed Martin were worth $36,894,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in LMT. First American Bank increased its stake in Lockheed Martin by 18.8% in the first quarter. First American Bank now owns 8,393 shares of the aerospace company's stock valued at $3,749,000 after acquiring an additional 1,327 shares during the last quarter. Aquatic Capital Management LLC bought a new position in shares of Lockheed Martin in the 4th quarter valued at $33,294,000. State of Wyoming raised its holdings in shares of Lockheed Martin by 93.9% during the 4th quarter. State of Wyoming now owns 1,113 shares of the aerospace company's stock worth $541,000 after buying an additional 539 shares in the last quarter. Cantor Fitzgerald Investment Advisors L.P. raised its holdings in shares of Lockheed Martin by 18.6% during the 1st quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 17,129 shares of the aerospace company's stock worth $7,652,000 after buying an additional 2,686 shares in the last quarter. Finally, Treasurer of the State of North Carolina lifted its position in shares of Lockheed Martin by 3.9% during the 4th quarter. Treasurer of the State of North Carolina now owns 102,674 shares of the aerospace company's stock worth $49,893,000 after buying an additional 3,809 shares during the last quarter. Institutional investors and hedge funds own 74.19% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on the company. Royal Bank Of Canada downgraded Lockheed Martin from an "outperform" rating to a "sector perform" rating and lowered their target price for the stock from $550.00 to $480.00 in a research note on Thursday, March 27th. Jefferies Financial Group lowered their price objective on shares of Lockheed Martin from $510.00 to $500.00 and set a "hold" rating for the company in a research report on Monday, April 28th. Melius downgraded shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Monday, March 24th. Baird R W upgraded shares of 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 shares of Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Nine research 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 company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $541.80.

Lockheed Martin Trading Down 2.5%

Lockheed Martin stock traded down $11.83 during mid-day trading on Tuesday, hitting $460.63. 1,967,788 shares of the stock were exchanged, compared to its average volume of 1,627,673. The firm's fifty day simple moving average is $471.56 and its two-hundred day simple moving average is $467.62. The company has a quick ratio of 0.91, a current ratio of 1.08 and a debt-to-equity ratio of 2.79. Lockheed Martin Corporation has a 12 month low of $418.88 and a 12 month high of $618.95. The stock has a market capitalization of $107.93 billion, a price-to-earnings ratio of 19.90, a PEG ratio of 1.64 and a beta of 0.29.

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

Lockheed Martin Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, June 2nd will be paid a $3.30 dividend. This represents a $13.20 annualized dividend and a yield of 2.87%. The ex-dividend date of this dividend is Monday, June 2nd. Lockheed Martin's dividend payout ratio (DPR) is currently 57.02%.

About Lockheed Martin

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.