Villere ST Denis J & Co. LLC Has $27.02 Million Stock Holdings in Lockheed Martin Corporation (NYSE:LMT)

Villere ST Denis J & Co. LLC lowered its position in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 0.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 60,482 shares of the aerospace company's stock after selling 555 shares during the quarter. Lockheed Martin accounts for approximately 2.6% of Villere ST Denis J & Co. LLC's investment portfolio, making the stock its 18th largest position. Villere ST Denis J & Co. LLC's holdings in Lockheed Martin were worth $27,018,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Millstone Evans Group LLC acquired a new position in Lockheed Martin in the 4th quarter valued at approximately $32,000. Mizuho Securities Co. Ltd. bought a new stake in shares of Lockheed Martin in the fourth quarter worth $34,000. Heck Capital Advisors LLC bought a new stake in shares of Lockheed Martin in the fourth quarter worth $35,000. Redwood Park Advisors LLC acquired a new stake in Lockheed Martin in the fourth quarter valued at $40,000. Finally, Runnymede Capital Advisors Inc. bought a new position in Lockheed Martin during the 4th quarter worth $42,000. Institutional investors and hedge funds own 74.19% of the company's stock.

Lockheed Martin Stock Up 0.2%

Lockheed Martin stock opened at $458.59 on Friday. The company has a market capitalization of $107.45 billion, a PE ratio of 19.81, a PEG ratio of 1.60 and a beta of 0.29. Lockheed Martin Corporation has a 12-month low of $418.88 and a 12-month high of $618.95. The firm's fifty day moving average is $470.80 and its 200 day moving average is $466.78. The company has a quick ratio of 0.91, a current ratio of 1.08 and a debt-to-equity ratio of 2.79.

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 for the quarter, beating the consensus estimate of $6.34 by $0.94. The firm had revenue of $17.96 billion for the quarter, compared to analyst estimates of $17.83 billion. Lockheed Martin had a net margin of 7.66% and a return on equity of 104.09%. As a group, sell-side analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 2nd will be paid a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date of this dividend is Tuesday, September 2nd. Lockheed Martin's dividend payout ratio (DPR) is currently 57.02%.

Analyst Upgrades and Downgrades

Several brokerages have commented on LMT. Bank of America downgraded Lockheed Martin from a "buy" rating to a "neutral" rating and cut their target price for the stock from $685.00 to $485.00 in a report on Monday, March 24th. Jefferies Financial Group lowered their price objective on Lockheed Martin from $510.00 to $500.00 and set a "hold" rating for the company in a research report on Monday, April 28th. Baird R W upgraded Lockheed Martin from a "hold" rating to a "strong-buy" rating 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 research report on Wednesday, April 16th. Finally, Melius downgraded shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Monday, March 24th. 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 company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $541.80.

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.

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