UMB Bank n.a. Sells 1,508 Shares of Lockheed Martin Co. (NYSE:LMT)

UMB Bank n.a. decreased its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 9.3% in the 1st quarter, Holdings Channel reports. The institutional investor owned 14,769 shares of the aerospace company’s stock after selling 1,508 shares during the period. UMB Bank n.a.’s holdings in Lockheed Martin were worth $6,597,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. LaFleur & Godfrey LLC increased its holdings in Lockheed Martin by 18.0% in the fourth quarter. LaFleur & Godfrey LLC now owns 1,156 shares of the aerospace company’s stock valued at $562,000 after purchasing an additional 176 shares during the last quarter. Eagle Capital Management LLC grew its position in shares of Lockheed Martin by 0.3% during the 4th quarter. Eagle Capital Management LLC now owns 10,827 shares of the aerospace company’s stock worth $5,261,000 after buying an additional 32 shares during the period. Brighton Jones LLC increased its stake in shares of Lockheed Martin by 5.0% in the 4th quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock valued at $1,941,000 after acquiring an additional 191 shares during the last quarter. Hudson Portfolio Management LLC acquired a new stake in shares of Lockheed Martin in the 4th quarter valued at approximately $256,000. Finally, Vest Financial LLC boosted its stake in Lockheed Martin by 9.7% during the 4th quarter. Vest Financial LLC now owns 2,146 shares of the aerospace company’s stock worth $1,043,000 after acquiring an additional 190 shares during the last quarter. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Price Performance

Shares of LMT opened at $481.49 on Monday. 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. The stock has a market capitalization of $112.81 billion, a P/E ratio of 21.63, a P/E/G ratio of 2.07 and a beta of 0.29. The company has a 50 day moving average of $467.56 and a 200-day moving average of $471.52.

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

Lockheed Martin Dividend Announcement

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 2.74%. The ex-dividend date of this dividend is Monday, June 2nd. Lockheed Martin’s dividend payout ratio is currently 57.02%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Melius Research cut shares of Lockheed Martin from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 24th. Melius cut Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Monday, March 24th. Wells Fargo & Company dropped their price target on Lockheed Martin from $476.00 to $432.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 8th. UBS Group boosted their price objective on Lockheed Martin from $481.00 to $499.00 and gave the company a “neutral” rating in a research report on Wednesday, April 23rd. Finally, Morgan Stanley raised Lockheed Martin from an “equal weight” rating to an “overweight” rating and set a $575.00 target price for the company in a research note on Wednesday, April 16th. Nine investment 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. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $541.80.

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.