Norman Fields Gottscho Capital Management LLC Sells 6,383 Shares of Lockheed Martin Co. (NYSE:LMT)

Norman Fields Gottscho Capital Management LLC cut its stake in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 75.4% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 2,086 shares of the aerospace company's stock after selling 6,383 shares during the period. Norman Fields Gottscho Capital Management LLC's holdings in Lockheed Martin were worth $932,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LMT. Millstone Evans Group LLC purchased a new stake in Lockheed Martin during the 4th quarter worth approximately $32,000. Mizuho Securities Co. Ltd. purchased a new stake in Lockheed Martin during the 4th quarter worth approximately $34,000. Heck Capital Advisors LLC purchased a new stake in Lockheed Martin during the 4th quarter worth approximately $35,000. Redwood Park Advisors LLC purchased a new stake in Lockheed Martin during the 4th quarter worth approximately $40,000. Finally, Runnymede Capital Advisors Inc. purchased a new stake in Lockheed Martin during the 4th quarter worth approximately $42,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on LMT. Susquehanna reduced their price objective on Lockheed Martin from $590.00 to $550.00 and set a "positive" rating for the company in a research report on Wednesday, January 29th. UBS Group boosted their price target on Lockheed Martin from $481.00 to $499.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 23rd. Robert W. Baird upgraded Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 price target for the company in a research report on Wednesday, April 23rd. Jefferies Financial Group reduced their price target 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. Finally, Royal Bank of Canada lowered Lockheed Martin from an "outperform" rating to a "sector perform" rating and reduced their price target for the stock from $550.00 to $480.00 in a research report 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, the stock currently has an average rating of "Moderate Buy" and an average price target of $541.80.

Lockheed Martin Price Performance

Shares of Lockheed Martin stock traded up $3.68 during trading on Thursday, hitting $473.66. The stock had a trading volume of 850,929 shares, compared to its average volume of 1,295,032. 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 firm has a market cap of $110.98 billion, a P/E ratio of 21.28, a PEG ratio of 2.07 and a beta of 0.29. The business has a fifty day moving average of $463.25 and a two-hundred day moving average of $475.07. Lockheed Martin Co. 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 earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.34 by $0.94. The company had revenue of $17.96 billion for the quarter, compared to analyst estimates of $17.83 billion. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. On average, sell-side analysts expect that Lockheed Martin Co. will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Monday, June 2nd will be given a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date is Monday, June 2nd. 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.