Lockheed Martin Corporation (NYSE:LMT) Shares Sold by Xponance Inc.

Xponance Inc. reduced its position in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 5.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,845 shares of the aerospace company's stock after selling 2,007 shares during the period. Xponance Inc.'s holdings in Lockheed Martin were worth $16,012,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Millstone Evans Group LLC acquired a new stake in Lockheed Martin in the 4th quarter valued at about $32,000. Mizuho Securities Co. Ltd. acquired a new position in Lockheed Martin during the 4th quarter worth approximately $34,000. Heck Capital Advisors LLC purchased a new stake in shares of Lockheed Martin in the 4th quarter valued at approximately $35,000. Redwood Park Advisors LLC acquired a new stake in shares of Lockheed Martin in the 4th quarter valued at $40,000. Finally, Runnymede Capital Advisors Inc. purchased a new stake in shares of Lockheed Martin during the 4th quarter worth $42,000. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Lockheed Martin Stock Performance

LMT stock traded up $3.17 during trading 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 firm has a market cap of $109.53 billion, a PE ratio of 20.19, a price-to-earnings-growth ratio of 1.63 and a beta of 0.28. Lockheed Martin Corporation has a 1-year low of $418.88 and a 1-year high of $618.95. The firm has a 50-day moving average price of $469.54 and a 200-day moving average price of $465.01. 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 issued its quarterly earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share (EPS) 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 analysts' expectations of $17.83 billion. Lockheed Martin had a return on equity of 104.09% and a net margin of 7.66%. On average, analysts expect that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Royal Bank Of Canada downgraded Lockheed Martin from an "outperform" rating to a "sector perform" rating and decreased their price target for the stock from $550.00 to $480.00 in a report on Thursday, March 27th. Melius downgraded Lockheed Martin from a "buy" rating to a "hold" rating in a report on Monday, March 24th. UBS Group lifted their price target on Lockheed Martin from $481.00 to $499.00 and gave the stock a "neutral" rating in a report on Wednesday, April 23rd. Bank of America downgraded Lockheed Martin from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $685.00 to $485.00 in a report on Monday, March 24th. Finally, Robert W. Baird raised Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 price target for the company in a report on Wednesday, April 23rd. Ten equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Lockheed Martin has a consensus rating of "Moderate Buy" and an average target price of $531.47.

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.