West Branch Capital LLC Sells 752 Shares of Lockheed Martin Co. (NYSE:LMT)

West Branch Capital LLC lowered its stake in Lockheed Martin Co. (NYSE:LMT - Free Report) by 37.2% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 1,267 shares of the aerospace company's stock after selling 752 shares during the period. West Branch Capital LLC's holdings in Lockheed Martin were worth $566,000 as of its most recent SEC filing.

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

Lockheed Martin Trading Up 3.5%

Shares of Lockheed Martin stock traded up $16.48 on Friday, hitting $485.75. The stock had a trading volume of 2,714,812 shares, compared to its average volume of 1,324,545. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10. Lockheed Martin Co. has a one year low of $418.88 and a one year high of $618.95. The stock has a market cap of $113.81 billion, a price-to-earnings ratio of 21.82, a PEG ratio of 2.07 and a beta of 0.29. The stock's 50-day simple moving average is $470.72 and its two-hundred day simple moving average is $470.04.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $7.28 EPS for the quarter, beating the consensus estimate of $6.34 by $0.94. The business 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 101.47% and a net margin of 7.51%. As a group, sell-side analysts predict that Lockheed Martin Co. will post 27.15 EPS for the current year.

Lockheed Martin Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, June 2nd will be paid a dividend of $3.30 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.72%. Lockheed Martin's dividend payout ratio is currently 57.02%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Baird R W upgraded shares of Lockheed Martin from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 23rd. Bank of America downgraded shares of Lockheed Martin from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $685.00 to $485.00 in a research report on Monday, March 24th. Jefferies Financial Group decreased their target price on shares of Lockheed Martin from $510.00 to $500.00 and set a "hold" rating for the company in a research report on Monday, April 28th. UBS Group boosted their target price on shares of Lockheed Martin from $481.00 to $499.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 23rd. Finally, Melius Research downgraded shares of Lockheed Martin from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 24th. Nine research 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 stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $541.80.

About Lockheed Martin

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.