Roundview Capital LLC Sells 1,266 Shares of Lockheed Martin Corporation (NYSE:LMT)

Roundview Capital LLC trimmed its holdings in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 21.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,712 shares of the aerospace company's stock after selling 1,266 shares during the quarter. Roundview Capital LLC's holdings in Lockheed Martin were worth $2,105,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of LMT. Eagle Capital Management LLC boosted its holdings in shares of Lockheed Martin by 0.3% in the fourth quarter. Eagle Capital Management LLC now owns 10,827 shares of the aerospace company's stock worth $5,261,000 after acquiring an additional 32 shares during the period. Brighton Jones LLC boosted its holdings in shares of Lockheed Martin by 5.0% in the fourth quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company's stock worth $1,941,000 after acquiring an additional 191 shares during the period. Hudson Portfolio Management LLC bought a new position in shares of Lockheed Martin in the fourth quarter worth $256,000. Congress Wealth Management LLC DE boosted its holdings in shares of Lockheed Martin by 35.1% in the fourth quarter. Congress Wealth Management LLC DE now owns 9,989 shares of the aerospace company's stock worth $4,854,000 after acquiring an additional 2,597 shares during the period. Finally, CoreFirst Bank & Trust bought a new position in shares of Lockheed Martin in the fourth quarter worth $118,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Trading Up 0.3%

Shares of LMT traded up $1.38 during trading hours on Thursday, hitting $420.77. The company had a trading volume of 3,080,385 shares, compared to its average volume of 1,748,580. The firm has a market cap of $98.23 billion, a P/E ratio of 23.69, a P/E/G ratio of 1.83 and a beta of 0.28. The stock's 50 day moving average price is $466.72 and its 200 day moving average price is $463.00. The company has a quick ratio of 0.91, a current ratio of 0.98 and a debt-to-equity ratio of 3.47. Lockheed Martin Corporation has a 52-week low of $410.11 and a 52-week high of $618.95.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.57 by $0.72. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%. The company had revenue of $18.16 billion for the quarter, compared to the consensus estimate of $18.59 billion. During the same quarter in the previous year, the business earned $7.11 EPS. Lockheed Martin's revenue was up .2% compared to the same quarter last year. On average, research analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 2nd will be issued a dividend of $3.30 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $13.20 dividend on an annualized basis and a yield of 3.14%. Lockheed Martin's dividend payout ratio is presently 57.02%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Royal Bank Of Canada cut their price target on Lockheed Martin from $480.00 to $440.00 and set a "sector perform" rating for the company in a report on Wednesday. JPMorgan Chase & Co. dropped their price objective on Lockheed Martin from $520.00 to $465.00 and set an "overweight" rating for the company in a research note on Wednesday. Susquehanna dropped their price objective on Lockheed Martin from $550.00 to $490.00 and set a "positive" rating for the company in a research note on Wednesday. Robert W. Baird dropped their price objective on Lockheed Martin from $540.00 to $500.00 and set an "outperform" rating for the company in a research note on Wednesday. Finally, Sanford C. Bernstein set a $551.00 price objective on Lockheed Martin and gave the company a "market perform" rating in a research note on Monday, July 14th. Fourteen research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $506.65.

Lockheed Martin 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.