Lockheed Martin Co. (NYSE:LMT) Shares Sold by Osaic Holdings Inc.

Osaic Holdings Inc. lessened its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 39.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 133,172 shares of the aerospace company’s stock after selling 88,557 shares during the period. Osaic Holdings Inc. owned 0.06% of Lockheed Martin worth $60,682,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. First Pacific Financial acquired a new stake in Lockheed Martin in the 1st quarter valued at about $25,000. Altshuler Shaham Ltd acquired a new stake in shares of Lockheed Martin in the 4th quarter valued at $26,000. Activest Wealth Management raised its stake in Lockheed Martin by 1,200.0% during the 4th quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock worth $30,000 after acquiring an additional 60 shares in the last quarter. Edmond DE Rothschild Holding S.A. acquired a new stake in Lockheed Martin during the 1st quarter worth $30,000. Finally, Iron Horse Wealth Management LLC raised its stake in Lockheed Martin by 1,925.0% during the 4th quarter. Iron Horse Wealth Management LLC now owns 81 shares of the aerospace company’s stock worth $37,000 after acquiring an additional 77 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Stock Down 0.2 %

LMT traded down $0.88 during trading on Monday, hitting $474.04. The company had a trading volume of 481,884 shares, compared to its average volume of 1,054,824. The company has a market cap of $113.74 billion, a PE ratio of 17.35, a P/E/G ratio of 4.48 and a beta of 0.46. The business has a 50-day moving average of $465.50 and a 200-day moving average of $452.11. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.30 and a quick ratio of 1.11. Lockheed Martin Co. has a 1-year low of $393.77 and a 1-year high of $480.86.

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

Lockheed Martin Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Tuesday, September 3rd. This represents a $12.60 dividend on an annualized basis and a dividend yield of 2.66%. Lockheed Martin’s dividend payout ratio (DPR) is 46.10%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Wells Fargo & Company boosted their price objective on shares of Lockheed Martin from $460.00 to $480.00 and gave the company an “equal weight” rating in a research report on Thursday, April 25th. UBS Group boosted their price objective on shares of Lockheed Martin from $482.00 to $499.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Lockheed Martin from $467.00 to $487.00 and gave the company a “hold” rating in a research report on Thursday, April 25th. The Goldman Sachs Group lowered their target price on shares of Lockheed Martin from $380.00 to $377.00 and set a “sell” rating for the company in a report on Tuesday, April 23rd. Finally, JPMorgan Chase & Co. upgraded shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $475.00 to $518.00 in a report on Monday, April 15th. One research analyst has rated the stock with a sell rating, six have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average 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.