Northern Trust Corp Sells 46,717 Shares of Lockheed Martin Corporation $LMT

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

Northern Trust Corp lowered its stake in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 2.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,214,193 shares of the aerospace company's stock after selling 46,717 shares during the quarter. Northern Trust Corp owned about 0.95% of Lockheed Martin worth $989,102,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Eagle Capital Management LLC boosted its holdings in Lockheed Martin by 0.3% in the fourth quarter. Eagle Capital Management LLC now owns 10,827 shares of the aerospace company's stock worth $5,261,000 after acquiring an additional 32 shares in the last quarter. Brighton Jones LLC boosted its holdings in Lockheed Martin by 5.0% in the fourth quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company's stock worth $1,941,000 after acquiring an additional 191 shares in the last quarter. Freedom Investment Management Inc. boosted its holdings in Lockheed Martin by 25.9% in the fourth quarter. Freedom Investment Management Inc. now owns 949 shares of the aerospace company's stock worth $461,000 after acquiring an additional 195 shares in the last quarter. Capital International Inc. CA raised its holdings in shares of Lockheed Martin by 26.7% in the fourth quarter. Capital International Inc. CA now owns 4,164 shares of the aerospace company's stock worth $2,023,000 after buying an additional 878 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Lockheed Martin by 121.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 11,573 shares of the aerospace company's stock worth $5,624,000 after buying an additional 6,336 shares during the last quarter. Institutional investors own 74.19% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on LMT shares. Jefferies Financial Group decreased their price target on shares of Lockheed Martin from $510.00 to $500.00 and set a "hold" rating for the company in a report on Monday, April 28th. Vertical Research reaffirmed a "hold" rating and set a $460.00 target price on shares of Lockheed Martin in a report on Tuesday, July 22nd. Wall Street Zen downgraded Lockheed Martin from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. UBS Group decreased their target price on Lockheed Martin from $498.00 to $453.00 and set a "neutral" rating for the company in a report on Wednesday, July 23rd. Finally, Royal Bank Of Canada decreased their price target on Lockheed Martin from $480.00 to $440.00 and set a "sector perform" rating for the company in a report on Wednesday, July 23rd. Fifteen investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $506.65.

Lockheed Martin Stock Performance

Shares of Lockheed Martin stock opened at $440.71 on Tuesday. The business has a 50-day moving average of $450.83 and a 200 day moving average of $456.59. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $618.95. The stock has a market capitalization of $102.89 billion, a price-to-earnings ratio of 24.81, a price-to-earnings-growth ratio of 1.54 and a beta of 0.27. The company has a debt-to-equity ratio of 3.47, a current ratio of 0.98 and a quick ratio of 0.83.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 EPS for the quarter, beating analysts' consensus estimates of $6.57 by $0.72. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%. The company had revenue of $18.16 billion during the quarter, compared to analysts' expectations of $18.59 billion. During the same period last year, the business posted $7.11 EPS. Lockheed Martin's revenue for the quarter was up .2% on a year-over-year basis. As a group, sell-side analysts forecast that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors 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 annualized dividend and a yield of 3.0%. Lockheed Martin's payout ratio is presently 74.32%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.