Lockheed Martin Corporation (NYSE:LMT) Shares Sold by Moody Lynn & Lieberson LLC

Moody Lynn & Lieberson LLC lowered its holdings in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 97.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,248 shares of the aerospace company's stock after selling 41,680 shares during the quarter. Moody Lynn & Lieberson LLC's holdings in Lockheed Martin were worth $557,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Millstone Evans Group LLC acquired a new stake in Lockheed Martin in the fourth quarter valued at $32,000. Mizuho Securities Co. Ltd. acquired a new position in shares of Lockheed Martin during the 4th quarter worth $34,000. Heck Capital Advisors LLC acquired a new position in shares of Lockheed Martin during the 4th quarter worth $35,000. Redwood Park Advisors LLC acquired a new position in shares of Lockheed Martin during the 4th quarter worth $40,000. Finally, Runnymede Capital Advisors Inc. acquired a new position in shares of Lockheed Martin during the 4th quarter worth $42,000. Institutional investors and hedge funds own 74.19% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on LMT shares. UBS Group lifted their price target on Lockheed Martin from $481.00 to $499.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 23rd. Baird R W raised Lockheed Martin from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 23rd. Bank of America downgraded Lockheed Martin from a "buy" rating to a "neutral" rating and cut their price target for the stock from $685.00 to $485.00 in a research note on Monday, March 24th. Wall Street Zen downgraded Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research note on Saturday, May 3rd. Finally, Melius downgraded Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Monday, March 24th. Nine analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Lockheed Martin currently has a consensus rating of "Moderate Buy" and a consensus target price of $541.80.

Lockheed Martin Trading Up 0.2%

Shares of NYSE LMT traded up $0.76 on Friday, reaching $463.31. 707,859 shares of the company traded hands, compared to its average volume of 1,354,786. Lockheed Martin Corporation has a fifty-two week low of $418.88 and a fifty-two week high of $618.95. The company has a 50 day moving average of $470.89 and a 200 day moving average of $465.87. The company has a current ratio of 1.08, a quick ratio of 0.91 and a debt-to-equity ratio of 2.79. The stock has a market capitalization 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 (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, beating analysts' consensus estimates of $6.34 by $0.94. Lockheed Martin had a net margin of 7.66% and a return on equity of 104.09%. The company had revenue of $17.96 billion during the quarter, compared to the consensus estimate of $17.83 billion. On average, equities research analysts forecast that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, September 2nd will be paid a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date is Tuesday, September 2nd. Lockheed Martin's dividend payout ratio is currently 57.02%.

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.