Stevens Capital Management LP Has $710,000 Holdings in Lockheed Martin Corporation (NYSE:LMT)

Key Points

• Stevens Capital Management LP significantly cut its position in Lockheed Martin by 60.7%, now holding 1,590 shares worth approximately $710,000.
• Lockheed Martin recently reported earnings per share of $7.29, exceeding analysts' expectations of $6.57, but its revenue of $18.16 billion fell short of the anticipated $18.59 billion.
• The company declared a $3.30 quarterly dividend with a yield of 3.14%, scheduled for payout on September 26th, reflecting a dividend payout ratio of 74.32%.

Stevens Capital Management LP decreased its position in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 60.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,590 shares of the aerospace company's stock after selling 2,459 shares during the quarter. Stevens Capital Management LP's holdings in Lockheed Martin were worth $710,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of LMT. GAMMA Investing LLC lifted its holdings in Lockheed Martin by 41,104.9% during the first quarter. GAMMA Investing LLC now owns 1,991,433 shares of the aerospace company's stock worth $889,593,000 after acquiring an additional 1,986,600 shares in the last quarter. Castlekeep Investment Advisors LLC bought a new position in Lockheed Martin during the fourth quarter worth about $526,587,000. Leigh Baldwin & CO. LLC bought a new position in Lockheed Martin during the fourth quarter worth about $451,985,000. Capital Research Global Investors bought a new position in Lockheed Martin during the fourth quarter worth about $229,987,000. Finally, Demars Financial Group LLC lifted its holdings in Lockheed Martin by 47,002.5% during the fourth quarter. Demars Financial Group LLC now owns 433,343 shares of the aerospace company's stock worth $210,579,000 after acquiring an additional 432,423 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company's stock.

Lockheed Martin Stock Performance

NYSE:LMT traded up $1.05 during mid-day trading on Friday, hitting $421.60. The stock had a trading volume of 2,458,783 shares, compared to its average volume of 1,823,272. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $618.95. The stock has a market cap of $98.43 billion, a price-to-earnings ratio of 23.74, a PEG ratio of 1.45 and a beta of 0.28. The company's 50 day simple moving average is $465.80 and its 200 day simple moving average is $462.71. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.91 and a current ratio of 0.98.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.57 by $0.72. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The business had revenue of $18.16 billion during the quarter, compared to the consensus estimate of $18.59 billion. During the same period last year, the business posted $7.11 EPS. Lockheed Martin's revenue was up .2% on a year-over-year basis. On average, equities research analysts forecast 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. Shareholders of record on Tuesday, September 2nd will be given a dividend of $3.30 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $13.20 annualized dividend and a yield of 3.13%. Lockheed Martin's dividend payout ratio (DPR) is presently 74.32%.

Analyst Ratings Changes

LMT has been the subject of a number of research reports. Robert W. Baird lowered their target price on Lockheed Martin from $540.00 to $500.00 and set an "outperform" rating for the company in a report on Wednesday. Sanford C. Bernstein set a $551.00 target price on Lockheed Martin and gave the stock a "market perform" rating in a report on Monday, July 14th. Wells Fargo & Company lowered their target price on Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Vertical Research reiterated a "hold" rating and set a $460.00 target price on shares of Lockheed Martin in a report on Tuesday. Finally, Wall Street Zen cut Lockheed Martin from a "buy" rating to a "hold" rating in a report on Saturday. Fifteen research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $506.65.

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.