Stack Financial Management Inc Lowers Stock Holdings in Lockheed Martin Corporation (NYSE:LMT)

Stack Financial Management Inc lessened its position in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 2.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 45,991 shares of the aerospace company's stock after selling 1,091 shares during the quarter. Lockheed Martin accounts for 1.7% of Stack Financial Management Inc's portfolio, making the stock its 24th largest position. Stack Financial Management Inc's holdings in Lockheed Martin were worth $20,545,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Millstone Evans Group LLC acquired a new position in shares of Lockheed Martin in the 4th quarter valued at about $32,000. TruNorth Capital Management LLC acquired a new position in Lockheed Martin in the 1st quarter worth about $31,000. Mizuho Securities Co. Ltd. acquired a new position in Lockheed Martin in the 4th quarter worth about $34,000. Heck Capital Advisors LLC acquired a new position in Lockheed Martin in the 4th quarter worth about $35,000. Finally, Redwood Park Advisors LLC acquired a new position in Lockheed Martin in the 4th quarter worth about $40,000. Hedge funds and other institutional investors own 74.19% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on LMT. Wall Street Zen cut Lockheed Martin from a "strong-buy" rating to a "buy" rating in a report on Saturday, May 3rd. Melius cut Lockheed Martin from a "buy" rating to a "hold" rating in a report on Monday, March 24th. Robert W. Baird raised Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 price target for the company in a report on Wednesday, April 23rd. Jefferies Financial Group cut their price objective on Lockheed Martin from $510.00 to $500.00 and set a "hold" rating for the company in a research note on Monday, April 28th. Finally, Morgan Stanley upgraded Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 price target for the company in a research report on Wednesday, April 16th. Twelve equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $532.69.

Lockheed Martin Stock Down 1.1%

Lockheed Martin stock traded down $5.06 during midday trading on Friday, reaching $464.14. The company's stock had a trading volume of 1,838,730 shares, compared to its average volume of 1,371,000. Lockheed Martin Corporation has a fifty-two week low of $418.88 and a fifty-two week high of $618.95. The company has a quick ratio of 0.91, a current ratio of 1.08 and a debt-to-equity ratio of 2.79. The company has a market cap of $108.75 billion, a P/E ratio of 20.05, a P/E/G ratio of 1.65 and a beta of 0.28. The business has a 50-day simple moving average of $469.56 and a 200-day simple moving average of $464.56.

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

Lockheed Martin Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 2nd will be issued a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a dividend yield of 2.84%. The ex-dividend date is Tuesday, September 2nd. Lockheed Martin's payout ratio 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.