Rockingstone Advisors LLC Lowers Position in Lockheed Martin Co. (NYSE:LMT)

Rockingstone Advisors LLC lessened its holdings in Lockheed Martin Co. (NYSE:LMT) by 23.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,413 shares of the aerospace company’s stock after selling 440 shares during the period. Rockingstone Advisors LLC’s holdings in Lockheed Martin were worth $631,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of LMT. LaFleur & Godfrey LLC increased its position in Lockheed Martin by 18.0% in the fourth quarter. LaFleur & Godfrey LLC now owns 1,156 shares of the aerospace company’s stock worth $562,000 after purchasing an additional 176 shares during the last quarter. Eagle Capital Management LLC increased its position in Lockheed Martin by 0.3% in the fourth quarter. Eagle Capital Management LLC now owns 10,827 shares of the aerospace company’s stock worth $5,261,000 after purchasing an additional 32 shares during the last quarter. Brighton Jones LLC increased 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 last quarter. Hudson Portfolio Management LLC bought a new stake in Lockheed Martin in the fourth quarter worth $256,000. Finally, WCM Investment Management LLC increased its position in Lockheed Martin by 36.2% during the fourth quarter. WCM Investment Management LLC now owns 4,883 shares of the aerospace company’s stock valued at $2,360,000 after acquiring an additional 1,298 shares during the last quarter. Institutional investors own 74.19% of the company’s stock.

Analyst Ratings Changes

LMT has been the topic of a number of analyst reports. Wall Street Zen cut shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 3rd. Robert W. Baird raised shares of Lockheed Martin from a “neutral” rating to an “outperform” rating and set a $540.00 target price for the company in a research note on Wednesday, April 23rd. UBS Group boosted their target price on shares of Lockheed Martin from $481.00 to $499.00 and gave the company a “neutral” rating in a research note on Wednesday, April 23rd. Melius lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Monday, March 24th. Finally, Bank of America lowered shares of Lockheed Martin from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $685.00 to $485.00 in a research note on Monday, March 24th. Nine analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $541.80.

Lockheed Martin Stock Down 0.8%

Shares of LMT opened at $476.92 on Wednesday. Lockheed Martin Co. has a 52-week low of $418.88 and a 52-week high of $618.95. The company has a market capitalization of $111.74 billion, a PE ratio of 21.43, a price-to-earnings-growth ratio of 2.07 and a beta of 0.29. The stock has a fifty day simple moving average of $468.58 and a two-hundred day simple moving average of $471.13. 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 (NYSE:LMT) last issued its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.34 by $0.94. The firm had revenue of $17.96 billion during the quarter, compared to the consensus estimate 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 analysts forecast that Lockheed Martin Co. will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Monday, June 2nd will be paid a $3.30 dividend. This represents a $13.20 annualized dividend and a dividend yield of 2.77%. The ex-dividend date of this dividend is Monday, June 2nd. Lockheed Martin’s payout ratio is presently 57.02%.

About Lockheed Martin

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.