Marino Stram & Associates LLC Has $2.98 Million Position in Lockheed Martin Corporation (NYSE:LMT)

Marino Stram & Associates LLC cut its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 0.8% during the 1st quarter, Holdings Channel reports. The firm owned 6,672 shares of the aerospace company’s stock after selling 53 shares during the quarter. Lockheed Martin comprises 0.7% of Marino Stram & Associates LLC’s portfolio, making the stock its 26th biggest holding. Marino Stram & Associates LLC’s holdings in Lockheed Martin were worth $2,980,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Millstone Evans Group LLC acquired a new stake in Lockheed Martin during the 4th quarter valued at $32,000. Mizuho Securities Co. Ltd. acquired a new stake in shares of Lockheed Martin during the 4th quarter worth about $34,000. Heck Capital Advisors LLC bought a new stake in shares of Lockheed Martin during the 4th quarter worth about $35,000. Redwood Park Advisors LLC bought a new stake in shares of Lockheed Martin during the 4th quarter worth about $40,000. Finally, Runnymede Capital Advisors Inc. acquired a new position in Lockheed Martin in the 4th quarter valued at about $42,000. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Price Performance

LMT stock opened at $478.91 on Wednesday. The company’s 50-day moving average price is $471.55 and its two-hundred day moving average price is $469.28. The firm has a market cap of $112.21 billion, a P/E ratio of 20.69, a P/E/G ratio of 1.63 and a beta of 0.29. The company has a quick ratio of 0.91, a current ratio of 1.08 and a debt-to-equity ratio of 2.79. Lockheed Martin Corporation has a 12 month low of $418.88 and a 12 month high of $618.95.

Lockheed Martin (NYSE:LMT) last posted its quarterly 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. Lockheed Martin had a net margin of 7.66% and a return on equity of 104.09%. The business had revenue of $17.96 billion for the quarter, compared to analyst estimates of $17.83 billion. On average, analysts anticipate that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $13.20 annualized dividend and a dividend yield of 2.76%. Lockheed Martin’s payout ratio is 57.02%.

Analyst Upgrades and Downgrades

LMT has been the topic of a number of recent research reports. Robert W. Baird upgraded Lockheed Martin from a “neutral” rating to an “outperform” rating and set a $540.00 target price on the stock in a research note on Wednesday, April 23rd. UBS Group upped their price objective on Lockheed Martin from $481.00 to $499.00 and gave the company a “neutral” rating in a report on Wednesday, April 23rd. Melius cut Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Monday, March 24th. Jefferies Financial Group reduced their target price on shares of Lockheed Martin from $510.00 to $500.00 and set a “hold” rating for the company in a research report on Monday, April 28th. Finally, Baird R W upgraded shares of Lockheed Martin from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 23rd. Nine analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.