Los Angeles Capital Management LLC Sells 59,262 Shares of Lockheed Martin Corporation (NYSE:LMT)

Los Angeles Capital Management LLC decreased its position in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 17.8% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 273,872 shares of the aerospace company's stock after selling 59,262 shares during the period. Los Angeles Capital Management LLC owned about 0.12% of Lockheed Martin worth $122,341,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of LMT. Eagle Capital Management LLC lifted its position in Lockheed Martin by 0.3% during the fourth quarter. Eagle Capital Management LLC now owns 10,827 shares of the aerospace company's stock worth $5,261,000 after buying an additional 32 shares during the period. Brighton Jones LLC lifted its position in Lockheed Martin by 5.0% during the fourth quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company's stock worth $1,941,000 after buying an additional 191 shares during the period. Hudson Portfolio Management LLC purchased a new position in Lockheed Martin during the fourth quarter worth about $256,000. Whittier Trust Co. lifted its position in Lockheed Martin by 7.2% during the fourth quarter. Whittier Trust Co. now owns 6,956 shares of the aerospace company's stock worth $3,380,000 after buying an additional 466 shares during the period. Finally, Lee Danner & Bass Inc. purchased a new position in Lockheed Martin during the fourth quarter worth about $58,000. Institutional investors and hedge funds own 74.19% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on LMT shares. Cowen downgraded Lockheed Martin from a "buy" rating to a "hold" rating in a report on Thursday, July 10th. Wall Street Zen lowered Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research note on Saturday, May 3rd. Morgan Stanley upgraded Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 target price for the company in a research note on Wednesday, April 16th. Robert W. Baird upgraded Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 target price for the company in a research note on Wednesday, April 23rd. Finally, Truist Financial set a $554.00 target price on Lockheed Martin and gave the company a "buy" rating in a research note on Friday, July 11th. Twelve analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Lockheed Martin presently has a consensus rating of "Hold" and a consensus target price of $532.69.

Lockheed Martin Stock Performance

Shares of NYSE LMT traded down $5.06 during mid-day trading on Friday, hitting $464.14. The company had a trading volume of 1,843,659 shares, compared to its average volume of 1,374,525. The stock has a market cap of $108.75 billion, a price-to-earnings ratio of 20.05, a PEG ratio of 1.63 and a beta of 0.28. Lockheed Martin Corporation has a 12 month low of $418.88 and a 12 month 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 firm's 50 day simple moving average is $469.37 and its two-hundred day simple moving average is $464.26.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $7.28 EPS 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 for the quarter, compared to the consensus estimate of $17.83 billion. As a group, equities research analysts forecast that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Dividend Announcement

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 2.84%. Lockheed Martin's dividend payout ratio is 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.