Charter Trust Co. lessened its position in Lockheed Martin Co. (NYSE:LMT) by 2.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,257 shares of the aerospace company’s stock after selling 85 shares during the period. Charter Trust Co.’s holdings in Lockheed Martin were worth $1,443,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. Benjamin Edwards Inc. raised its holdings in shares of Lockheed Martin by 89.7% in the first quarter. Benjamin Edwards Inc. now owns 74 shares of the aerospace company’s stock valued at $25,000 after buying an additional 35 shares during the last quarter. ERTS Wealth Advisors LLC bought a new position in shares of Lockheed Martin in the fourth quarter valued at about $26,000. Key Financial Inc bought a new position in shares of Lockheed Martin in the first quarter valued at about $26,000. HighMark Wealth Management LLC bought a new position in shares of Lockheed Martin in the fourth quarter valued at about $27,000. Finally, MBE Wealth Management LLC bought a new position in shares of Lockheed Martin in the first quarter valued at about $29,000. Institutional investors own 82.00% of the company’s stock.
Shares of Lockheed Martin stock traded down $9.98 during trading on Thursday, hitting $393.79. 45,184 shares of the company were exchanged, compared to its average volume of 1,674,983. The firm has a market capitalization of $111.33 billion, a P/E ratio of 17.94, a price-to-earnings-growth ratio of 2.47 and a beta of 0.96. Lockheed Martin Co. has a 1-year low of $266.11 and a 1-year high of $442.53. The firm’s fifty day moving average price is $381.91 and its 200 day moving average price is $388.06. The company has a debt-to-equity ratio of 3.28, a current ratio of 1.23 and a quick ratio of 1.00.
Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, April 21st. The aerospace company reported $6.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $5.80 by $0.28. The company had revenue of $15.65 billion during the quarter, compared to analyst estimates of $15.07 billion. Lockheed Martin had a return on equity of 185.10% and a net margin of 10.21%. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period in the previous year, the company earned $5.99 EPS. As a group, equities research analysts anticipate that Lockheed Martin Co. will post 24.05 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Monday, June 1st will be given a $2.40 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $9.60 annualized dividend and a dividend yield of 2.44%. Lockheed Martin’s dividend payout ratio is presently 43.74%.
A number of research analysts recently issued reports on LMT shares. DZ Bank raised Lockheed Martin from a “hold” rating to a “buy” rating and set a $360.00 price target for the company in a report on Wednesday, March 25th. Seaport Global Securities began coverage on Lockheed Martin in a report on Tuesday, May 19th. They set a “buy” rating and a $435.00 price objective for the company. Vertical Research reissued a “buy” rating and set a $410.00 price objective on shares of Lockheed Martin in a report on Tuesday, April 21st. Royal Bank of Canada began coverage on Lockheed Martin in a report on Wednesday, May 20th. They set a “sector perform” rating and a $410.00 price objective for the company. Finally, Cowen began coverage on Lockheed Martin in a report on Tuesday, April 21st. They set a “buy” rating and a $410.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $439.31.
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. It operates through four segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.
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