Lockheed Martin Corporation $LMT Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lowered its stake in Lockheed Martin Corporation (NYSE:LMT) by 1.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,288,650 shares of the aerospace company’s stock after selling 408,877 shares during the quarter. Vanguard Group Inc. owned about 9.20% of Lockheed Martin worth $10,627,507,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Brighton Jones LLC lifted its position in Lockheed Martin by 5.0% in the fourth quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock worth $1,941,000 after purchasing an additional 191 shares during the period. Sivia Capital Partners LLC increased its position in shares of Lockheed Martin by 5.4% during the 2nd quarter. Sivia Capital Partners LLC now owns 973 shares of the aerospace company’s stock valued at $451,000 after purchasing an additional 50 shares during the period. Integrity Financial Corp WA bought a new stake in shares of Lockheed Martin in the 2nd quarter worth $206,000. Stratos Wealth Advisors LLC lifted its holdings in shares of Lockheed Martin by 2.7% in the second quarter. Stratos Wealth Advisors LLC now owns 1,000 shares of the aerospace company’s stock valued at $463,000 after buying an additional 26 shares during the period. Finally, Stratos Wealth Partners LTD. boosted its stake in Lockheed Martin by 4.4% during the second quarter. Stratos Wealth Partners LTD. now owns 9,493 shares of the aerospace company’s stock valued at $4,397,000 after buying an additional 396 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Price Performance

LMT opened at $652.41 on Monday. The firm has a market capitalization of $150.11 billion, a P/E ratio of 30.36, a PEG ratio of 1.18 and a beta of 0.23. The stock has a fifty day moving average of $545.43 and a 200-day moving average of $494.74. The company has a quick ratio of 0.94, a current ratio of 1.09 and a debt-to-equity ratio of 3.05. Lockheed Martin Corporation has a 12-month low of $410.11 and a 12-month high of $656.34.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Thursday, January 29th. The aerospace company reported $5.80 earnings per share for the quarter, missing the consensus estimate of $6.33 by ($0.53). Lockheed Martin had a net margin of 6.69% and a return on equity of 108.53%. The business had revenue of $20.32 billion for the quarter, compared to analyst estimates of $19.84 billion. During the same period in the previous year, the firm posted $7.67 earnings per share. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. Equities analysts forecast that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Monday, March 2nd will be given a dividend of $3.45 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $13.80 dividend on an annualized basis and a yield of 2.1%. Lockheed Martin’s payout ratio is presently 64.22%.

Wall Street Analyst Weigh In

LMT has been the topic of several research reports. Weiss Ratings upgraded shares of Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 6th. Wall Street Zen downgraded shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Sunday, February 8th. TD Cowen increased their target price on shares of Lockheed Martin from $600.00 to $670.00 and gave the company a “hold” rating in a research note on Friday, January 30th. BNP Paribas Exane lifted their price target on shares of Lockheed Martin from $550.00 to $570.00 and gave the stock an “outperform” rating in a research report on Thursday, January 8th. Finally, Susquehanna reiterated a “positive” rating and set a $660.00 price objective on shares of Lockheed Martin in a research report on Thursday, January 15th. Six research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $612.50.

Lockheed Martin Company Profile

Lockheed Martin Corporation (NYSE: LMT) is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.

Lockheed Martin’s product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.