Verde Capital Management cut its position in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 55.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 505 shares of the aerospace company's stock after selling 636 shares during the period. Verde Capital Management's holdings in Lockheed Martin were worth $226,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of the company. LaFleur & Godfrey LLC increased its position in shares of Lockheed Martin by 18.0% during the fourth quarter. LaFleur & Godfrey LLC now owns 1,156 shares of the aerospace company's stock valued at $562,000 after acquiring an additional 176 shares during the last quarter. Eagle Capital Management LLC increased its position in shares of Lockheed Martin by 0.3% in the 4th quarter. Eagle Capital Management LLC now owns 10,827 shares of the aerospace company's stock valued at $5,261,000 after purchasing an additional 32 shares during the last quarter. Brighton Jones LLC boosted its holdings in shares of Lockheed Martin by 5.0% in the 4th quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company's stock valued at $1,941,000 after buying an additional 191 shares in the last quarter. Hudson Portfolio Management LLC acquired a new position in shares of Lockheed Martin in the 4th quarter valued at $256,000. Finally, Gries Financial LLC boosted its holdings in shares of Lockheed Martin by 7.2% in the 4th quarter. Gries Financial LLC now owns 743 shares of the aerospace company's stock valued at $361,000 after buying an additional 50 shares in the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.
Lockheed Martin Trading Up 1.6%
Lockheed Martin stock traded up $7.61 during trading on Friday, reaching $481.30. The company had a trading volume of 2,195,058 shares, compared to its average volume of 1,297,800. The firm has a market capitalization of $112.77 billion, a price-to-earnings ratio of 21.62, a PEG ratio of 2.07 and a beta of 0.29. 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 Co. has a 12-month low of $418.88 and a 12-month high of $618.95. The stock's 50 day moving average price is $464.02 and its two-hundred day moving average price is $473.91.
Lockheed Martin (NYSE:LMT - Get Free Report) last announced 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. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. The firm had revenue of $17.96 billion for the quarter, compared to analysts' expectations of $17.83 billion. As a group, equities analysts expect that Lockheed Martin Co. will post 27.15 earnings per share for the current fiscal year.
Lockheed Martin Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Monday, June 2nd will be given a dividend of $3.30 per share. The ex-dividend date is Monday, June 2nd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.74%. Lockheed Martin's payout ratio is currently 57.02%.
Analyst Ratings Changes
A number of analysts recently weighed in on the stock. Melius cut shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Monday, March 24th. Robert W. Baird raised shares of Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 price objective on the stock in a report on Wednesday, April 23rd. Morgan Stanley raised shares of Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 target price for the company in a report on Wednesday, April 16th. Wells Fargo & Company dropped their target price on shares of Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Finally, UBS Group lifted their price target on shares of Lockheed Martin from $481.00 to $499.00 and gave the stock a "neutral" rating in a report on Wednesday, April 23rd. Nine analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $541.80.
View Our Latest Stock 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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