Mason & Associates Inc Sells 531 Shares of Lockheed Martin Co. (NYSE:LMT)

Mason & Associates Inc cut its stake in Lockheed Martin Co. (NYSE:LMT - Free Report) by 39.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 800 shares of the aerospace company's stock after selling 531 shares during the period. Mason & Associates Inc's holdings in Lockheed Martin were worth $357,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Private Portfolio Partners LLC raised its stake in shares of Lockheed Martin by 4.8% in the fourth quarter. Private Portfolio Partners LLC now owns 502 shares of the aerospace company's stock worth $244,000 after acquiring an additional 23 shares during the last quarter. Tealwood Asset Management Inc. lifted its holdings in Lockheed Martin by 0.4% during the 1st quarter. Tealwood Asset Management Inc. now owns 5,728 shares of the aerospace company's stock worth $2,559,000 after buying an additional 23 shares in the last quarter. Southland Equity Partners LLC boosted its position in Lockheed Martin by 3.1% in the 1st quarter. Southland Equity Partners LLC now owns 766 shares of the aerospace company's stock valued at $342,000 after buying an additional 23 shares during the last quarter. Invenio Wealth Partners LLC boosted its position in Lockheed Martin by 6.2% in the 4th quarter. Invenio Wealth Partners LLC now owns 414 shares of the aerospace company's stock valued at $201,000 after buying an additional 24 shares during the last quarter. Finally, Pioneer Trust Bank N A OR increased its stake in shares of Lockheed Martin by 1.3% in the 4th quarter. Pioneer Trust Bank N A OR now owns 1,944 shares of the aerospace company's stock valued at $945,000 after buying an additional 24 shares during the period. Hedge funds and other institutional investors own 74.19% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Jefferies Financial Group reduced their target price on shares of Lockheed Martin from $510.00 to $500.00 and set a "hold" rating on the stock in a research note on Monday, April 28th. Robert W. Baird raised shares of Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 target price for the company in a report on Wednesday, April 23rd. Melius Research lowered Lockheed Martin from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 24th. Wells Fargo & Company decreased their price objective on Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Finally, Royal Bank of Canada lowered Lockheed Martin from an "outperform" rating to a "sector perform" rating and cut their target price for the company from $550.00 to $480.00 in a research note on Thursday, March 27th. Nine equities research 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 MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $541.80.

Lockheed Martin Price Performance

NYSE:LMT traded down $19.54 during trading hours on Monday, hitting $466.91. The company's stock had a trading volume of 2,743,415 shares, compared to its average volume of 1,330,241. The stock has a fifty day simple moving average of $470.72 and a 200-day simple moving average of $469.65. Lockheed Martin Co. has a twelve month low of $418.88 and a twelve month high of $618.95. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95. The company has a market capitalization of $109.39 billion, a P/E ratio of 20.98, a PEG ratio of 2.07 and a beta of 0.29.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 EPS for the quarter, topping the consensus estimate of $6.34 by $0.94. The firm had revenue of $17.96 billion for the quarter, compared to the consensus estimate of $17.83 billion. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. On average, analysts anticipate that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Monday, June 2nd will be paid a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date is Monday, June 2nd. Lockheed Martin's dividend payout ratio 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.