Missouri Trust & Investment Co Sells 45 Shares of Lockheed Martin Co. (NYSE:LMT)

Missouri Trust & Investment Co decreased its holdings in Lockheed Martin Co. (NYSE:LMT) by 21.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 165 shares of the aerospace company’s stock after selling 45 shares during the period. Missouri Trust & Investment Co’s holdings in Lockheed Martin were worth $74,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Private Portfolio Partners LLC lifted its position in Lockheed Martin by 4.8% during the fourth quarter. Private Portfolio Partners LLC now owns 502 shares of the aerospace company’s stock worth $244,000 after buying an additional 23 shares during the period. Tealwood Asset Management Inc. boosted its position in shares of Lockheed Martin by 0.4% in the first quarter. Tealwood Asset Management Inc. now owns 5,728 shares of the aerospace company’s stock worth $2,559,000 after acquiring an additional 23 shares during the last quarter. Southland Equity Partners LLC grew its holdings in Lockheed Martin by 3.1% in the first quarter. Southland Equity Partners LLC now owns 766 shares of the aerospace company’s stock valued at $342,000 after purchasing an additional 23 shares during the period. Invenio Wealth Partners LLC increased its position in Lockheed Martin by 6.2% during the fourth quarter. Invenio Wealth Partners LLC now owns 414 shares of the aerospace company’s stock worth $201,000 after purchasing an additional 24 shares during the last quarter. Finally, Pioneer Trust Bank N A OR raised its stake in Lockheed Martin by 1.3% during the fourth quarter. Pioneer Trust Bank N A OR now owns 1,944 shares of the aerospace company’s stock worth $945,000 after purchasing an additional 24 shares during the period. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Stock Performance

LMT stock opened at $485.75 on Friday. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13. The stock has a market capitalization of $113.81 billion, a price-to-earnings ratio of 21.82, a PEG ratio of 2.07 and a beta of 0.29. Lockheed Martin Co. has a 1 year low of $418.88 and a 1 year high of $618.95. The stock’s fifty day moving average is $470.72 and its two-hundred day moving average is $470.04.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.34 by $0.94. The company had revenue of $17.96 billion for the quarter, compared to analysts’ expectations of $17.83 billion. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. On average, research analysts predict that Lockheed Martin Co. will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, June 2nd will be paid a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend is Monday, June 2nd. Lockheed Martin’s payout ratio is 57.02%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on LMT shares. Jefferies Financial Group dropped their price objective on Lockheed Martin from $510.00 to $500.00 and set a “hold” rating for the company in a report on Monday, April 28th. Wall Street Zen lowered Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 3rd. Wells Fargo & Company dropped their target price on shares of Lockheed Martin from $476.00 to $432.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 8th. UBS Group lifted their price target on shares of Lockheed Martin from $481.00 to $499.00 and gave the company a “neutral” rating in a research report on Wednesday, April 23rd. Finally, Robert W. Baird raised shares of Lockheed Martin from a “neutral” rating to an “outperform” rating and set a $540.00 price objective for the company in a research report on Wednesday, April 23rd. Nine research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $541.80.

Lockheed Martin 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.