Rice Partnership LLC decreased its holdings in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 27.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,117 shares of the aerospace company's stock after selling 803 shares during the period. Rice Partnership LLC's holdings in Lockheed Martin were worth $946,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently made changes to their positions in the company. Millstone Evans Group LLC acquired a new position in shares of Lockheed Martin in the fourth quarter worth about $32,000. Mizuho Securities Co. Ltd. acquired a new position in shares of Lockheed Martin in the fourth quarter worth about $34,000. Heck Capital Advisors LLC acquired a new position in shares of Lockheed Martin in the fourth quarter worth about $35,000. Redwood Park Advisors LLC acquired a new position in shares of Lockheed Martin in the fourth quarter worth about $40,000. Finally, Runnymede Capital Advisors Inc. acquired a new position in shares of Lockheed Martin in the fourth quarter worth about $42,000. Institutional investors own 74.19% of the company's stock.
Analyst Upgrades and Downgrades
Several brokerages have commented on LMT. Jefferies Financial Group decreased their target price on shares of Lockheed Martin from $510.00 to $500.00 and set a "hold" rating for the company in a report on Monday, April 28th. Robert W. Baird upgraded shares of Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 price target for the company in a report on Wednesday, April 23rd. Royal Bank Of Canada cut shares of Lockheed Martin from an "outperform" rating to a "sector perform" rating and decreased their price target for the stock from $550.00 to $480.00 in a report on Thursday, March 27th. Morgan Stanley upgraded shares of Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 price target for the company in a report on Wednesday, April 16th. Finally, UBS Group raised their price target on shares of Lockheed Martin from $481.00 to $499.00 and gave the stock a "neutral" rating in a report on Wednesday, April 23rd. Nine analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $541.80.
Check Out Our Latest Analysis on LMT
Lockheed Martin Stock Performance
Shares of NYSE LMT traded up $0.60 during trading hours on Wednesday, hitting $463.61. 891,655 shares of the company's stock were exchanged, compared to its average volume of 1,598,152. Lockheed Martin Corporation has a 1-year low of $418.88 and a 1-year high of $618.95. The company has a debt-to-equity ratio of 2.79, a current ratio of 1.08 and a quick ratio of 0.91. The stock has a market capitalization of $108.62 billion, a price-to-earnings ratio of 20.03, a PEG ratio of 1.64 and a beta of 0.28. The company's 50-day moving average price is $470.20 and its 200-day moving average price is $465.31.
Lockheed Martin (NYSE:LMT - Get Free Report) last posted its quarterly earnings data 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 return on equity of 104.09% and a net margin of 7.66%. The business had revenue of $17.96 billion during the quarter, compared to analysts' expectations of $17.83 billion. On average, sell-side analysts expect that Lockheed Martin Corporation will post 27.15 earnings per share 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. Shareholders of record on Tuesday, September 2nd will be issued a $3.30 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $13.20 annualized dividend and a yield of 2.85%. 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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