Lockheed Martin Co. (NYSE:LMT) Shares Sold by Nwam LLC

Nwam LLC trimmed its holdings in Lockheed Martin Co. (NYSE:LMT) by 3.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,371 shares of the aerospace company’s stock after selling 54 shares during the quarter. Nwam LLC’s holdings in Lockheed Martin were worth $639,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LMT. Creative Financial Designs Inc. ADV boosted its holdings in shares of Lockheed Martin by 106.7% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 496 shares of the aerospace company’s stock valued at $225,000 after acquiring an additional 256 shares during the period. BKM Wealth Management LLC acquired a new stake in shares of Lockheed Martin in the fourth quarter valued at approximately $116,000. Rockland Trust Co. boosted its holdings in shares of Lockheed Martin by 38.7% in the fourth quarter. Rockland Trust Co. now owns 770 shares of the aerospace company’s stock valued at $349,000 after acquiring an additional 215 shares during the period. Chapin Davis Inc. acquired a new stake in shares of Lockheed Martin in the fourth quarter valued at approximately $331,000. Finally, FORVIS Wealth Advisors LLC boosted its holdings in shares of Lockheed Martin by 8.0% in the fourth quarter. FORVIS Wealth Advisors LLC now owns 1,004 shares of the aerospace company’s stock valued at $455,000 after acquiring an additional 74 shares during the period. 74.19% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on LMT. Wells Fargo & Company increased their price objective on Lockheed Martin from $460.00 to $480.00 and gave the company an “equal weight” rating in a report on Thursday, April 25th. Citigroup upped 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. UBS Group upped their price target on Lockheed Martin from $482.00 to $499.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft upped 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. Finally, JPMorgan Chase & Co. upgraded Lockheed Martin from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $475.00 to $518.00 in a research note on Monday, April 15th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Lockheed Martin presently has a consensus rating of “Hold” and an average target price of $485.40.

Lockheed Martin Trading Down 0.2 %

NYSE:LMT opened at $474.92 on Friday. The stock has a fifty day moving average price of $465.50 and a two-hundred day moving average price of $452.15. The stock has a market capitalization of $113.95 billion, a price-to-earnings ratio of 17.38, a PEG ratio of 4.48 and a beta of 0.46. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.11 and a current ratio of 1.30. Lockheed Martin Co. has a 1 year low of $393.77 and a 1 year high of $480.86.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share for the quarter, beating analysts’ consensus estimates of $5.80 by $0.53. Lockheed Martin had a return on equity of 85.96% and a net margin of 9.73%. The business had revenue of $17.20 billion during the quarter, compared to analysts’ expectations of $16.04 billion. During the same quarter last year, the business posted $6.43 earnings per share. The business’s revenue for the quarter was up 13.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Lockheed Martin Co. will post 26.1 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Tuesday, September 3rd will be given a $3.15 dividend. This represents a $12.60 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date is Tuesday, September 3rd. Lockheed Martin’s dividend payout ratio is currently 46.10%.

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