US Bancorp DE cut its position in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 5.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 145,299 shares of the aerospace company's stock after selling 7,676 shares during the period. US Bancorp DE owned approximately 0.06% of Lockheed Martin worth $64,907,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Northern Trust Corp increased its position in Lockheed Martin by 6.3% during the fourth quarter. Northern Trust Corp now owns 2,260,910 shares of the aerospace company's stock worth $1,098,667,000 after purchasing an additional 134,662 shares during the last quarter. Invesco Ltd. increased its position in Lockheed Martin by 17.5% during the fourth quarter. Invesco Ltd. now owns 2,131,928 shares of the aerospace company's stock worth $1,035,989,000 after purchasing an additional 318,007 shares during the last quarter. GAMMA Investing LLC increased its position 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 purchasing an additional 1,986,600 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Lockheed Martin by 5.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,274,580 shares of the aerospace company's stock worth $619,369,000 after purchasing an additional 70,516 shares during the last quarter. Finally, Stifel Financial Corp boosted its stake in Lockheed Martin by 0.8% during the fourth quarter. Stifel Financial Corp now owns 1,221,014 shares of the aerospace company's stock worth $593,429,000 after buying an additional 9,198 shares during the period. 74.19% of the stock is owned by hedge funds and other institutional investors.
Lockheed Martin Price Performance
NYSE LMT traded up $2.89 during midday trading on Monday, hitting $423.90. The company had a trading volume of 1,547,249 shares, compared to its average volume of 1,685,385. The company has a market capitalization of $98.96 billion, a PE ratio of 23.87, a P/E/G ratio of 1.48 and a beta of 0.27. The company has a current ratio of 0.98, a quick ratio of 0.83 and a debt-to-equity ratio of 3.47. The firm has a 50-day moving average price of $460.68 and a 200-day moving average price of $460.50. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $618.95.
Lockheed Martin (NYSE:LMT - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 EPS for the quarter, beating analysts' consensus estimates of $6.57 by $0.72. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%. The firm had revenue of $18.16 billion for the quarter, compared to analyst estimates of $18.59 billion. During the same quarter in the previous year, the company posted $7.11 EPS. The business's revenue was up .2% on a year-over-year basis. As a group, analysts anticipate 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, September 26th. Stockholders of record on Tuesday, September 2nd will be paid a $3.30 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $13.20 annualized dividend and a dividend yield of 3.1%. Lockheed Martin's dividend payout ratio is 74.32%.
Wall Street Analysts Forecast Growth
A number of research analysts have commented on LMT shares. Wells Fargo & Company dropped their price objective on shares of Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. UBS Group dropped their price objective on shares of Lockheed Martin from $498.00 to $453.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 23rd. Robert W. Baird lowered their price target on shares of Lockheed Martin from $540.00 to $500.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 23rd. TD Cowen reaffirmed a "hold" rating and set a $480.00 price target (down from $500.00) on shares of Lockheed Martin in a research note on Thursday, July 10th. Finally, Vertical Research reaffirmed a "hold" rating and set a $460.00 price target on shares of Lockheed Martin in a research note on Tuesday, July 22nd. Fifteen analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $506.65.
Check Out 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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