Blackhawk Capital Partners LLC. Sells 262 Shares of Lockheed Martin Co. (NYSE:LMT)

Blackhawk Capital Partners LLC. cut its position in shares of Lockheed Martin Co. (NYSE:LMT) by 5.7% during the 1st quarter, HoldingsChannel reports. The firm owned 4,334 shares of the aerospace company’s stock after selling 262 shares during the period. Lockheed Martin accounts for about 1.2% of Blackhawk Capital Partners LLC.’s investment portfolio, making the stock its 28th biggest holding. Blackhawk Capital Partners LLC.’s holdings in Lockheed Martin were worth $1,971,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. 1834 Investment Advisors Co. boosted its holdings in Lockheed Martin by 2.7% in the first quarter. 1834 Investment Advisors Co. now owns 16,764 shares of the aerospace company’s stock worth $7,626,000 after acquiring an additional 440 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in Lockheed Martin by 1.8% in the first quarter. Janney Montgomery Scott LLC now owns 138,429 shares of the aerospace company’s stock worth $62,967,000 after acquiring an additional 2,412 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in Lockheed Martin by 18.9% in the first quarter. BNP Paribas Financial Markets now owns 175,887 shares of the aerospace company’s stock worth $80,006,000 after acquiring an additional 27,910 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Lockheed Martin by 104.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 120,230 shares of the aerospace company’s stock worth $55,220,000 after acquiring an additional 61,318 shares in the last quarter. Finally, Prosperity Consulting Group LLC boosted its holdings in Lockheed Martin by 13.5% in the first quarter. Prosperity Consulting Group LLC now owns 1,678 shares of the aerospace company’s stock worth $763,000 after acquiring an additional 199 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Stock Performance

LMT stock traded down $3.87 during trading on Friday, reaching $462.16. The stock had a trading volume of 631,595 shares, compared to its average volume of 972,964. Lockheed Martin Co. has a 52 week low of $393.77 and a 52 week high of $479.50. The stock’s 50 day moving average is $465.22 and its two-hundred day moving average is $450.97. The company has a current ratio of 1.30, a quick ratio of 1.11 and a debt-to-equity ratio of 2.89. The firm has a market cap of $110.89 billion, a PE ratio of 16.91, a PEG ratio of 4.39 and a beta of 0.46.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, April 23rd. The aerospace company reported $6.33 EPS for the quarter, topping the consensus estimate of $5.80 by $0.53. Lockheed Martin had a return on equity of 85.96% and a net margin of 9.73%. The firm had revenue of $17.20 billion for the quarter, compared to the consensus estimate of $16.04 billion. During the same quarter last year, the company earned $6.43 earnings per share. The business’s revenue for the quarter was up 13.7% compared to the same quarter last year. As a group, equities analysts anticipate that Lockheed Martin Co. will post 26.17 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Tuesday, September 3rd will be issued a dividend of $3.15 per share. This represents a $12.60 annualized dividend and a yield of 2.73%. The ex-dividend date is Tuesday, September 3rd. Lockheed Martin’s dividend payout ratio is currently 46.10%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on LMT shares. StockNews.com raised Lockheed Martin from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 25th. Deutsche Bank Aktiengesellschaft boosted their price target on Lockheed Martin from $467.00 to $487.00 and gave the stock a “hold” rating in a research note on Thursday, April 25th. Citigroup boosted their price target on Lockheed Martin from $508.00 to $525.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. JPMorgan Chase & Co. upgraded Lockheed Martin from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $475.00 to $518.00 in a research note on Monday, April 15th. Finally, Wells Fargo & Company boosted their price target on Lockheed Martin from $460.00 to $480.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 25th. One 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.com, the company has a consensus rating of “Hold” and an average price target of $485.40.

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. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.