Regent Peak Wealth Advisors LLC Has $706,000 Stake in Lockheed Martin Co. (NYSE:LMT)

Regent Peak Wealth Advisors LLC decreased its stake in Lockheed Martin Co. (NYSE:LMT) by 1.7% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 1,581 shares of the aerospace company’s stock after selling 27 shares during the period. Regent Peak Wealth Advisors LLC’s holdings in Lockheed Martin were worth $706,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of LMT. LaFleur & Godfrey LLC boosted its stake in Lockheed Martin by 18.0% in the 4th quarter. LaFleur & Godfrey LLC now owns 1,156 shares of the aerospace company’s stock valued at $562,000 after buying an additional 176 shares in the last quarter. Eagle Capital Management LLC boosted its stake in Lockheed Martin by 0.3% in the 4th quarter. Eagle Capital Management LLC now owns 10,827 shares of the aerospace company’s stock valued at $5,261,000 after buying an additional 32 shares in the last quarter. Brighton Jones LLC boosted its stake 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 in the last quarter. Hudson Portfolio Management LLC acquired a new position in Lockheed Martin in the fourth quarter worth $256,000. Finally, Consolidated Portfolio Review Corp boosted its stake in Lockheed Martin by 170.0% in the fourth quarter. Consolidated Portfolio Review Corp now owns 1,385 shares of the aerospace company’s stock worth $673,000 after purchasing an additional 872 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Analyst Upgrades and Downgrades

LMT has been the topic of a number of recent analyst reports. Royal Bank of Canada lowered Lockheed Martin from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $550.00 to $480.00 in a research note on Thursday, March 27th. Baird R W raised Lockheed Martin from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 23rd. Melius lowered Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Monday, March 24th. Wall Street Zen lowered Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 3rd. Finally, Morgan Stanley raised Lockheed Martin from an “equal weight” rating to an “overweight” rating and set a $575.00 price objective on the stock in a research note on Wednesday, April 16th. Nine 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’s stock. Based on data from MarketBeat.com, Lockheed Martin has an average rating of “Moderate Buy” and an average price target of $541.80.

Lockheed Martin Trading Up 0.7%

LMT stock opened at $481.49 on Friday. The business has a fifty day moving average of $467.56 and a 200-day moving average of $472.01. The company has a market cap of $112.81 billion, a P/E ratio of 21.63, a PEG ratio of 2.07 and a beta of 0.29. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10. Lockheed Martin Co. has a twelve month low of $418.88 and a twelve month high of $618.95.

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, topping the consensus estimate of $6.34 by $0.94. The company had revenue of $17.96 billion during the quarter, compared to analyst estimates of $17.83 billion. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. As a group, equities research analysts expect that Lockheed Martin Co. will post 27.15 EPS for the current year.

Lockheed Martin Dividend Announcement

The company also recently declared 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. The ex-dividend date is Monday, June 2nd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.74%. Lockheed Martin’s dividend payout ratio is 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.