Lockheed Martin Co. (NYSE:LMT) Position Lowered by Rheos Capital Works Inc.

Rheos Capital Works Inc. trimmed its position in Lockheed Martin Co. (NYSE:LMTFree Report) by 14.4% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,800 shares of the aerospace company’s stock after selling 4,500 shares during the period. Rheos Capital Works Inc.’s holdings in Lockheed Martin were worth $12,191,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Warther Private Wealth LLC boosted its holdings in shares of Lockheed Martin by 86.1% in the 4th quarter. Warther Private Wealth LLC now owns 16,369 shares of the aerospace company’s stock valued at $7,419,000 after buying an additional 7,575 shares during the period. Alethea Capital Management LLC acquired a new position in Lockheed Martin in the third quarter valued at approximately $415,000. Morningstar Investment Services LLC grew its holdings in shares of Lockheed Martin by 99.6% during the fourth quarter. Morningstar Investment Services LLC now owns 147,811 shares of the aerospace company’s stock valued at $66,697,000 after purchasing an additional 73,774 shares during the last quarter. AdvisorNet Financial Inc raised its position in shares of Lockheed Martin by 0.4% during the 4th quarter. AdvisorNet Financial Inc now owns 7,741 shares of the aerospace company’s stock worth $3,509,000 after purchasing an additional 29 shares during the period. Finally, Cercano Management LLC acquired a new stake in shares of Lockheed Martin during the 4th quarter worth approximately $29,454,000. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Price Performance

LMT stock traded up $1.26 during trading hours on Friday, hitting $467.60. 3,365,244 shares of the stock traded hands, compared to its average volume of 848,494. The stock has a 50-day simple moving average of $463.71 and a 200 day simple moving average of $449.69. The company has a market cap of $112.20 billion, a P/E ratio of 17.11, a P/E/G ratio of 4.39 and a beta of 0.47. Lockheed Martin Co. has a one year low of $393.77 and a one year high of $479.50. The company has a current ratio of 1.30, a quick ratio of 1.11 and a debt-to-equity ratio of 2.89.

Lockheed Martin (NYSE:LMTGet Free Report) last posted its quarterly earnings data on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share for the quarter, beating the consensus estimate of $5.80 by $0.53. Lockheed Martin had a net margin of 9.73% and a return on equity of 85.96%. The company had revenue of $17.20 billion during the quarter, compared to analyst estimates of $16.04 billion. During the same quarter last year, the firm posted $6.43 EPS. The business’s revenue for the quarter was up 13.7% on a year-over-year basis. Equities analysts forecast that Lockheed Martin Co. will post 26.17 earnings per share for the current year.

Lockheed Martin Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 3rd will be issued a $3.15 dividend. This represents a $12.60 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date of this dividend is Monday, June 3rd. Lockheed Martin’s payout ratio is 46.10%.

Wall Street Analyst Weigh In

LMT has been the subject of a number of analyst reports. UBS Group boosted their price objective on Lockheed Martin from $482.00 to $499.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Wells Fargo & Company upped their price target on shares of Lockheed Martin from $460.00 to $480.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 25th. JPMorgan Chase & Co. upgraded shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $475.00 to $518.00 in a research report on Monday, April 15th. StockNews.com upgraded shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 25th. Finally, Citigroup raised their price target on shares of Lockheed Martin from $508.00 to $525.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Lockheed Martin presently has an average rating of “Hold” and a consensus price target of $485.40.

Get Our Latest Analysis on Lockheed Martin

Lockheed Martin Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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