Clarius Group LLC lowered its stake in Lockheed Martin Co. (NYSE:LMT – Free Report) by 5.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,459 shares of the aerospace company’s stock after selling 138 shares during the quarter. Clarius Group LLC’s holdings in Lockheed Martin were worth $1,132,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. State Street Corp raised its holdings in shares of Lockheed Martin by 0.5% in the 1st quarter. State Street Corp now owns 37,972,543 shares of the aerospace company’s stock worth $17,950,761,000 after purchasing an additional 176,739 shares in the last quarter. FMR LLC boosted its stake in shares of Lockheed Martin by 3.4% during the 1st quarter. FMR LLC now owns 7,497,698 shares of the aerospace company’s stock worth $3,544,387,000 after acquiring an additional 244,251 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Lockheed Martin by 2.0% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 5,589,021 shares of the aerospace company’s stock worth $2,548,787,000 after acquiring an additional 109,466 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of Lockheed Martin by 3.7% during the first quarter. Ameriprise Financial Inc. now owns 2,419,579 shares of the aerospace company’s stock worth $1,139,469,000 after purchasing an additional 85,913 shares during the period. Finally, Moneta Group Investment Advisors LLC lifted its holdings in shares of Lockheed Martin by 81,305.4% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 1,907,328 shares of the aerospace company’s stock valued at $927,896,000 after purchasing an additional 1,904,985 shares during the last quarter. Institutional investors own 74.26% of the company’s stock.
Analyst Upgrades and Downgrades
Several analysts have issued reports on the company. Jefferies Financial Group cut their price objective on Lockheed Martin from $505.00 to $455.00 and set a “hold” rating on the stock in a report on Wednesday, October 4th. Morgan Stanley reduced their price target on shares of Lockheed Martin from $532.00 to $510.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 18th. StockNews.com started coverage on shares of Lockheed Martin in a research report on Thursday, October 5th. They set a “buy” rating on the stock. Susquehanna reduced their target price on Lockheed Martin from $575.00 to $550.00 and set a “positive” rating for the company in a report on Wednesday, July 19th. Finally, Royal Bank of Canada lowered their price target on Lockheed Martin from $500.00 to $475.00 and set a “sector perform” rating on the stock in a report on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $484.07.
Lockheed Martin Stock Down 0.1 %
Shares of LMT traded down $0.38 during trading hours on Thursday, hitting $444.76. 120,829 shares of the company were exchanged, compared to its average volume of 1,246,558. The firm’s 50 day moving average is $431.86 and its 200-day moving average is $446.17. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.16 and a current ratio of 1.36. Lockheed Martin Co. has a 52 week low of $393.77 and a 52 week high of $508.10. The company has a market cap of $110.34 billion, a PE ratio of 16.26, a PEG ratio of 1.90 and a beta of 0.60.
Lockheed Martin (NYSE:LMT – Get Free Report) last posted its earnings results on Tuesday, October 17th. The aerospace company reported $6.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.67 by $0.10. Lockheed Martin had a net margin of 10.29% and a return on equity of 75.46%. The business had revenue of $16.88 billion for the quarter, compared to analyst estimates of $16.73 billion. During the same period last year, the business posted $6.87 EPS. Lockheed Martin’s revenue was up 1.8% compared to the same quarter last year. On average, equities research analysts forecast that Lockheed Martin Co. will post 27.17 EPS for the current fiscal year.
Lockheed Martin Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 1st will be issued a dividend of $3.15 per share. This represents a $12.60 annualized dividend and a dividend yield of 2.83%. The ex-dividend date of this dividend is Thursday, November 30th. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.00. Lockheed Martin’s dividend payout ratio (DPR) is presently 43.84%.
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. It operates through four segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space.
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