Mutual of America Capital Management LLC Sells 909 Shares of Lockheed Martin Corporation (NYSE:LMT)

Mutual of America Capital Management LLC trimmed its stake in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 3.6% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 24,328 shares of the aerospace company's stock after selling 909 shares during the period. Mutual of America Capital Management LLC's holdings in Lockheed Martin were worth $10,868,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in LMT. 49 Wealth Management LLC raised its stake in Lockheed Martin by 3.4% during the 1st quarter. 49 Wealth Management LLC now owns 661 shares of the aerospace company's stock valued at $295,000 after purchasing an additional 22 shares during the period. OMNI 360 Wealth Inc. grew its holdings in shares of Lockheed Martin by 2.5% during the first quarter. OMNI 360 Wealth Inc. now owns 913 shares of the aerospace company's stock valued at $408,000 after buying an additional 22 shares in the last quarter. Private Portfolio Partners LLC grew its holdings in shares of Lockheed Martin by 4.8% during the fourth quarter. Private Portfolio Partners LLC now owns 502 shares of the aerospace company's stock valued at $244,000 after buying an additional 23 shares in the last quarter. Tealwood Asset Management Inc. raised its position in Lockheed Martin by 0.4% during the first quarter. Tealwood Asset Management Inc. now owns 5,728 shares of the aerospace company's stock valued at $2,559,000 after buying an additional 23 shares during the period. Finally, Southland Equity Partners LLC lifted its stake in Lockheed Martin by 3.1% in the 1st quarter. Southland Equity Partners LLC now owns 766 shares of the aerospace company's stock worth $342,000 after acquiring an additional 23 shares in the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on LMT shares. Melius Research cut Lockheed Martin from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. TD Cowen reiterated a "hold" rating and issued a $480.00 price objective (down previously from $500.00) on shares of Lockheed Martin in a research note on Thursday, July 10th. 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 research note on Wednesday, April 23rd. Morgan Stanley raised shares of 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. Finally, Jefferies Financial Group decreased their target price on shares of Lockheed Martin from $510.00 to $500.00 and set a "hold" rating for the company in a research note on Monday, April 28th. Twelve analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $532.69.

Lockheed Martin Stock Down 0.6%

Shares of LMT stock traded down $2.61 on Tuesday, hitting $470.96. The company's stock had a trading volume of 1,038,812 shares, compared to its average volume of 1,369,120. The company has a debt-to-equity ratio of 2.79, a current ratio of 1.08 and a quick ratio of 0.91. Lockheed Martin Corporation has a fifty-two week low of $418.88 and a fifty-two week high of $618.95. The firm's fifty day moving average price is $469.59 and its 200-day moving average price is $464.56. The stock has a market capitalization of $110.35 billion, a price-to-earnings ratio of 20.34, a P/E/G ratio of 1.66 and a beta of 0.28.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.34 by $0.94. Lockheed Martin had a net margin of 7.66% and a return on equity of 104.09%. The business had revenue of $17.96 billion during the quarter, compared to analyst estimates of $17.83 billion. Research analysts anticipate that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 2nd will be issued a $3.30 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $13.20 annualized dividend and a yield of 2.80%. Lockheed Martin's dividend payout ratio (DPR) is presently 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.