Register Financial Advisors LLC cut its holdings in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 52.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 859 shares of the aerospace company's stock after selling 931 shares during the period. Register Financial Advisors LLC's holdings in Lockheed Martin were worth $384,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Aquatic Capital Management LLC bought a new position in shares of Lockheed Martin during the 4th quarter worth approximately $33,294,000. State of Wyoming grew its holdings in Lockheed Martin by 93.9% in the fourth 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. Cantor Fitzgerald Investment Advisors L.P. increased its stake in 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 purchasing an additional 2,686 shares in the last quarter. Treasurer of the State of North Carolina increased its stake in Lockheed Martin by 3.9% in the fourth quarter. Treasurer of the State of North Carolina now owns 102,674 shares of the aerospace company's stock valued at $49,893,000 after purchasing an additional 3,809 shares in the last quarter. Finally, American National Bank & Trust increased its position in Lockheed Martin by 2.3% in the 1st quarter. American National Bank & Trust now owns 38,842 shares of the aerospace company's stock valued at $17,351,000 after buying an additional 866 shares in the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.
Lockheed Martin Stock Performance
Shares of LMT traded down $11.83 on Tuesday, reaching $460.63. 1,968,120 shares of the company's stock traded hands, compared to its average volume of 1,346,462. The stock's 50 day simple moving average is $471.56 and its two-hundred day simple moving average is $467.62. The stock has a market cap of $107.93 billion, a PE ratio of 19.90, a PEG ratio of 1.64 and a beta of 0.29. Lockheed Martin Corporation has a 52-week low of $418.88 and a 52-week high of $618.95. The company has a current ratio of 1.08, a quick ratio of 0.91 and a debt-to-equity ratio of 2.79.
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, beating the consensus estimate of $6.34 by $0.94. The firm had revenue of $17.96 billion during the quarter, compared to analyst estimates 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 earnings per share for the current fiscal year.
Lockheed Martin Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, June 2nd will be given a $3.30 dividend. This represents a $13.20 annualized dividend and a yield of 2.87%. The ex-dividend date is Monday, June 2nd. Lockheed Martin's dividend payout ratio is 57.02%.
Wall Street Analyst Weigh In
Several brokerages have issued reports on LMT. Baird R W upgraded Lockheed Martin from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 23rd. Wall Street Zen cut Lockheed Martin from a "strong-buy" rating to a "buy" rating in a report on Saturday, May 3rd. Morgan Stanley upgraded shares of Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 price target for the company in a research note on Wednesday, April 16th. 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. Finally, Melius downgraded shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Monday, March 24th. Nine 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 stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $541.80.
Read Our Latest Report on LMT
Lockheed Martin Company Profile
(
Free Report)
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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