Lynch & Associates IN Decreases Stock Position in Lockheed Martin Co. (NYSE:LMT)

Lynch & Associates IN cut its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 0.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 15,759 shares of the aerospace company’s stock after selling 141 shares during the period. Lockheed Martin comprises approximately 1.5% of Lynch & Associates IN’s holdings, making the stock its 20th largest position. Lynch & Associates IN’s holdings in Lockheed Martin were worth $7,040,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in LMT. LaFleur & Godfrey LLC raised its stake in Lockheed Martin by 18.0% during 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 during the last quarter. Eagle Capital Management LLC raised its stake in Lockheed Martin by 0.3% during 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 during the last quarter. Brighton Jones LLC raised its stake in Lockheed Martin by 5.0% during the 4th quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock valued at $1,941,000 after buying an additional 191 shares during the last quarter. Hudson Portfolio Management LLC purchased a new stake in Lockheed Martin during the 4th quarter valued at $256,000. Finally, Vontobel Holding Ltd. raised its stake in Lockheed Martin by 95.0% during the 4th quarter. Vontobel Holding Ltd. now owns 3,702 shares of the aerospace company’s stock valued at $1,799,000 after buying an additional 1,804 shares during the last quarter. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on LMT shares. Morgan Stanley raised shares of Lockheed Martin from an “equal weight” rating to an “overweight” rating and set a $575.00 price objective for the company in a research report on Wednesday, April 16th. Bank of America downgraded shares of Lockheed Martin from a “buy” rating to a “neutral” rating and cut their price objective for the company from $685.00 to $485.00 in a research report on Monday, March 24th. Melius Research downgraded shares of Lockheed Martin from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 24th. Wells Fargo & Company cut their price objective on shares of Lockheed Martin from $476.00 to $432.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 8th. Finally, Wall Street Zen downgraded shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 3rd. Nine equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Lockheed Martin presently has a consensus rating of “Moderate Buy” and a consensus price target of $541.80.

Lockheed Martin Trading Down 4.0%

Shares of Lockheed Martin stock opened at $466.91 on Tuesday. The company has a market capitalization of $109.39 billion, a P/E ratio of 20.98, a P/E/G ratio of 2.07 and a beta of 0.29. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13. The company has a fifty day moving average of $471.23 and a 200 day moving average of $469.21. Lockheed Martin Co. has a fifty-two week low of $418.88 and a fifty-two week high of $618.95.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 EPS for the quarter, topping the consensus estimate of $6.34 by $0.94. The business had revenue of $17.96 billion for the quarter, compared to analysts’ expectations of $17.83 billion. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. On average, sell-side analysts anticipate that Lockheed Martin Co. will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, June 2nd will be paid a $3.30 dividend. This represents a $13.20 annualized dividend and a yield of 2.83%. The ex-dividend date is Monday, June 2nd. Lockheed Martin’s payout ratio is currently 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.