Lockheed Martin Corporation (NYSE:LMT) Shares Sold by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC trimmed its holdings in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 20.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,434 shares of the aerospace company's stock after selling 2,448 shares during the quarter. OneDigital Investment Advisors LLC's holdings in Lockheed Martin were worth $4,214,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. First American Bank raised its position in Lockheed Martin by 18.8% in the 1st quarter. First American Bank now owns 8,393 shares of the aerospace company's stock worth $3,749,000 after purchasing an additional 1,327 shares during the period. Aquatic Capital Management LLC purchased a new stake in Lockheed Martin in the 4th quarter worth about $33,294,000. Cantor Fitzgerald Investment Advisors L.P. raised its position in Lockheed Martin by 18.6% in the 1st quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 17,129 shares of the aerospace company's stock worth $7,652,000 after purchasing an additional 2,686 shares during the period. State of Wyoming raised its position in Lockheed Martin by 93.9% in the 4th quarter. State of Wyoming now owns 1,113 shares of the aerospace company's stock worth $541,000 after purchasing an additional 539 shares during the period. Finally, Treasurer of the State of North Carolina raised its position in Lockheed Martin by 3.9% in the 4th quarter. Treasurer of the State of North Carolina now owns 102,674 shares of the aerospace company's stock worth $49,893,000 after purchasing an additional 3,809 shares during the period. 74.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Robert W. Baird raised shares of Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 price objective on the stock in a research report on Wednesday, April 23rd. Melius lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Monday, March 24th. Wells Fargo & Company reduced their target price on shares of Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. Bank of America lowered shares of Lockheed Martin from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $685.00 to $485.00 in a research report on Monday, March 24th. Finally, Royal Bank Of Canada lowered shares of Lockheed Martin from an "outperform" rating to a "sector perform" rating and reduced their target price 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 given a strong buy rating to the company's stock. According to data from MarketBeat.com, Lockheed Martin presently has an average rating of "Moderate Buy" and an average target price of $541.80.

Lockheed Martin Stock Up 1.5%

NYSE LMT traded up $7.07 on Monday, hitting $469.59. The stock had a trading volume of 353,218 shares, compared to its average volume of 1,599,202. The business's fifty day moving average price is $470.60 and its 200 day moving average price is $465.47. 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 52-week low of $418.88 and a 52-week high of $618.95. The stock has a market cap of $110.02 billion, a price-to-earnings ratio of 20.28, a price-to-earnings-growth ratio of 1.61 and a beta of 0.28.

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

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date of this dividend is Tuesday, September 2nd. Lockheed Martin's dividend payout ratio (DPR) is presently 57.02%.

Lockheed Martin Company 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.