CENTRAL TRUST Co Sells 294 Shares of Lockheed Martin Co. (NYSE:LMT)

CENTRAL TRUST Co reduced its stake in Lockheed Martin Co. (NYSE:LMT) by 2.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,339 shares of the aerospace company’s stock after selling 294 shares during the period. CENTRAL TRUST Co’s holdings in Lockheed Martin were worth $6,405,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Millstone Evans Group LLC bought a new stake in shares of Lockheed Martin in the 4th quarter valued at approximately $32,000. Mizuho Securities Co. Ltd. bought a new position in shares of Lockheed Martin during the 4th quarter valued at approximately $34,000. Heck Capital Advisors LLC purchased a new stake in Lockheed Martin during the 4th quarter valued at $35,000. Redwood Park Advisors LLC bought a new stake in Lockheed Martin in the fourth quarter worth $40,000. Finally, Runnymede Capital Advisors Inc. purchased a new position in Lockheed Martin during the fourth quarter worth $42,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Trading Down 4.0%

Shares of LMT stock opened at $466.91 on Tuesday. Lockheed Martin Co. has a 1-year low of $418.88 and a 1-year high of $618.95. The firm has a market cap of $109.39 billion, a PE ratio of 20.98, a price-to-earnings-growth ratio of 2.07 and a beta of 0.29. The company has a 50-day moving average of $471.23 and a two-hundred day moving average of $469.21. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95.

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 firm had revenue of $17.96 billion for 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%. On average, analysts predict that Lockheed Martin Co. will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on LMT. UBS Group increased 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. Royal Bank of Canada lowered shares of 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 report on Thursday, March 27th. Melius lowered Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Monday, March 24th. Wall Street Zen downgraded Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 3rd. Finally, Baird R W upgraded Lockheed Martin from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 23rd. 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $541.80.

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.