OLD National Bancorp IN Has $11.81 Million Stake in Lockheed Martin Co. (NYSE:LMT)

OLD National Bancorp IN decreased its position in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 4.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,444 shares of the aerospace company's stock after selling 1,122 shares during the period. OLD National Bancorp IN's holdings in Lockheed Martin were worth $11,813,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LMT. Schear Investment Advisers LLC boosted its stake in Lockheed Martin by 2.0% during the fourth quarter. Schear Investment Advisers LLC now owns 1,147 shares of the aerospace company's stock worth $557,000 after acquiring an additional 22 shares in the last quarter. Private Portfolio Partners LLC boosted its stake in Lockheed Martin by 4.8% during the fourth quarter. Private Portfolio Partners LLC now owns 502 shares of the aerospace company's stock worth $244,000 after acquiring an additional 23 shares in the last quarter. Tealwood Asset Management Inc. boosted its stake 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 worth $2,559,000 after acquiring an additional 23 shares in the last quarter. Invenio Wealth Partners LLC boosted its stake in Lockheed Martin by 6.2% during the fourth quarter. Invenio Wealth Partners LLC now owns 414 shares of the aerospace company's stock worth $201,000 after acquiring an additional 24 shares in the last quarter. Finally, Pioneer Trust Bank N A OR boosted its stake in Lockheed Martin by 1.3% during the fourth quarter. Pioneer Trust Bank N A OR now owns 1,944 shares of the aerospace company's stock worth $945,000 after acquiring an additional 24 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company's stock.

Lockheed Martin Stock Performance

Shares of LMT stock opened at $481.49 on Friday. The firm has a 50-day moving average of $467.56 and a 200-day moving average of $472.01. The company has a market cap of $112.81 billion, a P/E ratio of 21.63, a P/E/G ratio of 2.07 and a beta of 0.29. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95. Lockheed Martin Co. has a one year low of $418.88 and a one year high of $618.95.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its quarterly earnings data 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. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. The business had revenue of $17.96 billion during the quarter, compared to the consensus estimate of $17.83 billion. Equities research analysts forecast that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Monday, June 2nd will be issued a dividend of $3.30 per share. The ex-dividend date is Monday, June 2nd. This represents a $13.20 dividend on an annualized basis and a yield of 2.74%. Lockheed Martin's dividend payout ratio (DPR) is presently 57.02%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on LMT shares. UBS Group raised their price objective on shares of Lockheed Martin from $481.00 to $499.00 and gave the company a "neutral" rating in a research note on Wednesday, April 23rd. Baird R W raised shares of Lockheed Martin from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 23rd. Wall Street Zen lowered shares of Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research note on Saturday, May 3rd. Melius lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Monday, March 24th. Finally, Royal Bank of Canada lowered shares of Lockheed Martin from an "outperform" rating to a "sector perform" rating and dropped their price objective for the company from $550.00 to $480.00 in a research note on Thursday, March 27th. Nine equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Lockheed Martin presently has an average rating of "Moderate Buy" and a consensus target price of $541.80.

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.

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