UMB Bank n.a. lowered its position in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 9.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,769 shares of the aerospace company's stock after selling 1,508 shares during the quarter. UMB Bank n.a.'s holdings in Lockheed Martin were worth $6,597,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in LMT. LaFleur & Godfrey LLC raised its position in Lockheed Martin by 18.0% in the fourth quarter. LaFleur & Godfrey LLC now owns 1,156 shares of the aerospace company's stock worth $562,000 after acquiring an additional 176 shares in the last quarter. Eagle Capital Management LLC raised its position in Lockheed Martin by 0.3% during the fourth quarter. Eagle Capital Management LLC now owns 10,827 shares of the aerospace company's stock valued at $5,261,000 after buying an additional 32 shares during the period. Brighton Jones LLC lifted its position 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 purchasing an additional 191 shares in the last quarter. Hudson Portfolio Management LLC acquired a new stake in shares of Lockheed Martin during the 4th quarter valued at $256,000. Finally, Vest Financial LLC boosted its position in Lockheed Martin by 9.7% during the fourth quarter. Vest Financial LLC now owns 2,146 shares of the aerospace company's stock valued at $1,043,000 after purchasing an additional 190 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors.
Lockheed Martin Price Performance
Lockheed Martin stock traded up $12.36 during midday trading on Thursday, reaching $468.96. 1,698,888 shares of the stock were exchanged, compared to its average volume of 1,312,956. The firm has a market cap of $109.88 billion, a PE ratio of 21.07, a PEG ratio of 2.07 and a beta of 0.29. Lockheed Martin Co. has a 52 week low of $418.88 and a 52 week high of $618.95. The company's fifty day moving average is $469.07 and its 200-day moving average is $471.03. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13.
Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.34 by $0.94. The company had revenue of $17.96 billion during the quarter, compared to analysts' expectations of $17.83 billion. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. On average, sell-side analysts forecast that Lockheed Martin Co. will post 27.15 EPS for the current 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. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $13.20 annualized dividend and a yield of 2.81%. Lockheed Martin's payout ratio is currently 57.02%.
Analyst Ratings Changes
Several equities analysts have weighed in on the company. Morgan Stanley upgraded 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. UBS Group boosted their price objective on Lockheed Martin from $481.00 to $499.00 and gave the company a "neutral" rating in a research report on Wednesday, April 23rd. Baird R W raised Lockheed Martin from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 23rd. Melius lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating in a report on Monday, March 24th. Finally, Wells Fargo & Company dropped their price target 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. Nine investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $541.80.
Read Our Latest Research Report on Lockheed Martin
About Lockheed Martin
(
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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