North Star Investment Management Corp. Sells 506 Shares of Lockheed Martin Co. (NYSE:LMT)

North Star Investment Management Corp. lessened its holdings in Lockheed Martin Co. (NYSE:LMT) by 55.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 407 shares of the aerospace company’s stock after selling 506 shares during the quarter. North Star Investment Management Corp.’s holdings in Lockheed Martin were worth $182,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of LMT. Millstone Evans Group LLC acquired a new stake in Lockheed Martin during the 4th quarter worth $32,000. Mizuho Securities Co. Ltd. bought a new position in shares of Lockheed Martin in the 4th quarter worth $34,000. Heck Capital Advisors LLC acquired a new stake in shares of Lockheed Martin during the fourth quarter worth $35,000. Redwood Park Advisors LLC bought a new stake in Lockheed Martin in the fourth quarter valued at about $40,000. Finally, Runnymede Capital Advisors Inc. acquired a new position in Lockheed Martin in the fourth quarter valued at about $42,000. Institutional investors own 74.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on LMT shares. Melius Research lowered Lockheed Martin from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 24th. Wells Fargo & Company decreased their price objective on shares of Lockheed Martin from $476.00 to $432.00 and set an “equal weight” rating for the company in a report on Tuesday, April 8th. Jefferies Financial Group cut their target price on shares of Lockheed Martin from $510.00 to $500.00 and set a “hold” rating on the stock in a report on Monday, April 28th. UBS Group boosted their price target on shares of Lockheed Martin from $481.00 to $499.00 and gave the company a “neutral” rating in a report on Wednesday, April 23rd. Finally, Melius cut shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Monday, March 24th. Nine equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $541.80.

Lockheed Martin Stock Down 4.0%

Shares of Lockheed Martin stock opened at $466.91 on Tuesday. The firm has a market cap of $109.39 billion, a PE ratio of 20.98, a P/E/G ratio of 2.07 and a beta of 0.29. The business’s 50 day simple moving average is $471.23 and its 200 day simple moving average is $469.21. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13. Lockheed Martin Co. has a 52-week low of $418.88 and a 52-week high of $618.95.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data 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 the consensus estimate of $17.83 billion. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. On average, analysts predict that Lockheed Martin Co. will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Monday, June 2nd will be given a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date of this dividend is Monday, June 2nd. Lockheed Martin’s dividend payout ratio is currently 57.02%.

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.