Rice Partnership LLC Has $946,000 Holdings in Lockheed Martin Corporation (NYSE:LMT)

Rice Partnership LLC lessened its stake in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 27.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,117 shares of the aerospace company's stock after selling 803 shares during the quarter. Rice Partnership LLC's holdings in Lockheed Martin were worth $946,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Jackson Wealth Management LLC lifted its position in shares of Lockheed Martin by 0.5% during the 1st quarter. Jackson Wealth Management LLC now owns 9,637 shares of the aerospace company's stock worth $4,305,000 after buying an additional 48 shares during the period. One Day In July LLC bought a new position in shares of Lockheed Martin during the 1st quarter worth approximately $345,000. Maj Invest Holding A S bought a new position in shares of Lockheed Martin during the 1st quarter worth approximately $141,000. Compton Wealth Advisory Group LLC lifted its position in shares of Lockheed Martin by 7.5% during the 1st quarter. Compton Wealth Advisory Group LLC now owns 3,840 shares of the aerospace company's stock worth $1,716,000 after buying an additional 268 shares during the period. Finally, Burke & Herbert Bank & Trust Co. lifted its position in shares of Lockheed Martin by 48.1% during the 1st quarter. Burke & Herbert Bank & Trust Co. now owns 616 shares of the aerospace company's stock worth $275,000 after buying an additional 200 shares during the period. Institutional investors own 74.19% of the company's stock.

Lockheed Martin Trading Up 0.2%

Shares of LMT stock traded up $0.76 on Friday, reaching $463.31. 707,859 shares of the stock were exchanged, compared to its average volume of 1,357,690. The stock has a market cap of $108.55 billion, a PE ratio of 20.01, a P/E/G ratio of 1.61 and a beta of 0.28. Lockheed Martin Corporation has a one year low of $418.88 and a one 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 50 day moving average price of $470.60 and a 200 day moving average price of $465.57.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its 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. The company had revenue of $17.96 billion during the quarter, compared to the consensus estimate of $17.83 billion. Lockheed Martin had a return on equity of 104.09% and a net margin of 7.66%. Equities research analysts forecast that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 2nd will be paid 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

Several equities analysts recently commented on the company. Wells Fargo & Company cut their target price on Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Morgan Stanley upgraded Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 price objective for the company in a research report on Wednesday, April 16th. Melius Research downgraded Lockheed Martin from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 24th. Wall Street Zen downgraded Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research report on Saturday, May 3rd. Finally, Robert W. Baird upgraded Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 price objective for the company in a research report on Wednesday, April 23rd. Nine research 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. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target 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.