Valeo Financial Advisors LLC Sells 1,825 Shares of Lockheed Martin Corporation (NYSE:LMT)

Valeo Financial Advisors LLC reduced its stake in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 11.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 13,974 shares of the aerospace company's stock after selling 1,825 shares during the quarter. Valeo Financial Advisors LLC's holdings in Lockheed Martin were worth $6,242,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC increased its stake in Lockheed Martin by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 4,887,242 shares of the aerospace company's stock worth $2,374,557,000 after buying an additional 59,597 shares in the last quarter. Northern Trust Corp increased its stake in Lockheed Martin by 6.3% in the 4th quarter. Northern Trust Corp now owns 2,260,910 shares of the aerospace company's stock worth $1,098,667,000 after buying an additional 134,662 shares in the last quarter. Invesco Ltd. increased its stake in Lockheed Martin by 17.5% in the 4th quarter. Invesco Ltd. now owns 2,131,928 shares of the aerospace company's stock worth $1,035,989,000 after buying an additional 318,007 shares in the last quarter. GAMMA Investing LLC increased its stake in Lockheed Martin by 41,104.9% in the 1st quarter. GAMMA Investing LLC now owns 1,991,433 shares of the aerospace company's stock worth $889,593,000 after buying an additional 1,986,600 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Lockheed Martin by 5.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,274,580 shares of the aerospace company's stock worth $619,369,000 after buying an additional 70,516 shares in the last quarter. 74.19% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Melius Research lowered Lockheed Martin from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. Truist Financial cut their price target on Lockheed Martin from $579.00 to $554.00 and set a "buy" rating for the company in a research note on Friday. Wells Fargo & Company cut their price target on Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. 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 note on Wednesday, April 16th. Finally, Robert W. Baird upgraded Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 price target for the company in a research note on Wednesday, April 23rd. Ten analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Lockheed Martin has an average rating of "Moderate Buy" and a consensus price target of $531.47.

Lockheed Martin Trading Up 0.7%

LMT traded up $3.17 on Friday, hitting $467.48. The company had a trading volume of 1,208,544 shares, compared to its average volume of 1,364,460. The company has a market cap of $109.53 billion, a PE ratio of 20.19, a PEG ratio of 1.63 and a beta of 0.28. Lockheed Martin Corporation has a 12-month low of $418.88 and a 12-month 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 business's fifty day simple moving average is $469.54 and its 200 day simple moving average is $465.01.

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

Lockheed Martin Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 2nd will be given a $3.30 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $13.20 annualized dividend and a yield of 2.82%. Lockheed Martin's dividend payout ratio is currently 57.02%.

Lockheed Martin 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.