Nisa Investment Advisors LLC Sells 43,389 Shares of Lockheed Martin Corporation (NYSE:LMT)

Nisa Investment Advisors LLC decreased its position in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 33.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 87,398 shares of the aerospace company's stock after selling 43,389 shares during the quarter. Nisa Investment Advisors LLC's holdings in Lockheed Martin were worth $39,042,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of LMT. First American Bank grew its stake in shares of Lockheed Martin by 18.8% during the 1st quarter. First American Bank now owns 8,393 shares of the aerospace company's stock worth $3,749,000 after acquiring an additional 1,327 shares in the last quarter. Aquatic Capital Management LLC acquired a new stake in shares of Lockheed Martin in the 4th quarter valued at approximately $33,294,000. Cantor Fitzgerald Investment Advisors L.P. grew its stake in shares of Lockheed Martin by 18.6% in the first quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 17,129 shares of the aerospace company's stock valued at $7,652,000 after buying an additional 2,686 shares in the last quarter. State of Wyoming increased its holdings in Lockheed Martin by 93.9% during the fourth quarter. State of Wyoming now owns 1,113 shares of the aerospace company's stock worth $541,000 after buying an additional 539 shares during the last quarter. Finally, Treasurer of the State of North Carolina raised its position in Lockheed Martin by 3.9% during the fourth quarter. Treasurer of the State of North Carolina now owns 102,674 shares of the aerospace company's stock worth $49,893,000 after acquiring an additional 3,809 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on LMT shares. Bank of America downgraded shares of Lockheed Martin from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $685.00 to $485.00 in a research report on Monday, March 24th. Melius Research downgraded Lockheed Martin from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 24th. Jefferies Financial Group cut their price objective on Lockheed Martin from $510.00 to $500.00 and set a "hold" rating for the company in a research report on Monday, April 28th. Wall Street Zen lowered Lockheed Martin from a "strong-buy" rating to a "buy" rating in a report on Saturday, May 3rd. Finally, TD Cowen restated a "hold" rating and issued a $480.00 price target (down previously from $500.00) on shares of Lockheed Martin in a research note on Thursday. Ten 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's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $531.47.

Lockheed Martin Price Performance

Shares of NYSE LMT traded up $3.17 during midday trading on Friday, reaching $467.48. The company's stock had a trading volume of 1,208,544 shares, compared to its average volume of 1,363,538. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.91 and a current ratio of 1.08. The company has a market cap of $109.53 billion, a P/E ratio of 20.19, a P/E/G ratio of 1.61 and a beta of 0.28. The business's 50 day moving average price is $469.64 and its two-hundred day moving average price is $465.15. Lockheed Martin Corporation has a fifty-two week low of $418.88 and a fifty-two week high of $618.95.

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

Lockheed Martin Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 2nd will be paid 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 2.82%. Lockheed Martin's 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.