Shepherd Financial Partners LLC Has $3.45 Million Stock Holdings in Lockheed Martin Corporation (NYSE:LMT)

Shepherd Financial Partners LLC reduced its holdings in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 18.6% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 7,719 shares of the aerospace company's stock after selling 1,763 shares during the quarter. Shepherd Financial Partners LLC's holdings in Lockheed Martin were worth $3,448,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. LaFleur & Godfrey LLC grew its position in shares of Lockheed Martin by 18.0% in the 4th quarter. LaFleur & Godfrey LLC now owns 1,156 shares of the aerospace company's stock valued at $562,000 after buying an additional 176 shares during the last quarter. Eagle Capital Management LLC lifted its stake in shares of 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 during the period. Brighton Jones LLC lifted its stake in shares of 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 during the period. Hudson Portfolio Management LLC bought a new stake in Lockheed Martin in the fourth quarter valued at approximately $256,000. Finally, Vontobel Holding Ltd. increased its position in Lockheed Martin by 95.0% during the 4th quarter. Vontobel Holding Ltd. now owns 3,702 shares of the aerospace company's stock valued at $1,799,000 after purchasing an additional 1,804 shares during the period. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on LMT. Melius Research downgraded shares of Lockheed Martin from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 24th. Robert W. Baird raised shares of Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 target price for the company in a research note on Wednesday, April 23rd. Morgan Stanley upgraded shares of Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 target price on the stock in a report on Wednesday, April 16th. Royal Bank Of Canada cut shares of Lockheed Martin from an "outperform" rating to a "sector perform" rating and cut their price target for the company from $550.00 to $480.00 in a research report on Thursday, March 27th. Finally, Melius downgraded Lockheed Martin from a "buy" rating to a "hold" rating in a report on Monday, March 24th. Nine research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $541.80.

Lockheed Martin Stock Performance

Shares of Lockheed Martin stock opened at $478.91 on Wednesday. The business has a 50-day simple moving average of $471.55 and a 200 day simple moving average of $469.28. Lockheed Martin Corporation has a one year low of $418.88 and a one year high of $618.95. The company has a debt-to-equity ratio of 2.79, a current ratio of 1.08 and a quick ratio of 0.91. The firm has a market capitalization of $112.21 billion, a price-to-earnings ratio of 20.69, a PEG ratio of 1.63 and a beta of 0.29.

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

Lockheed Martin Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, June 2nd will be paid a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date of this dividend is Monday, June 2nd. Lockheed Martin's dividend payout ratio (DPR) is 57.02%.

About Lockheed Martin

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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