ORG Partners LLC Sells 2,437 Shares of Lockheed Martin Corporation (NYSE:LMT)

ORG Partners LLC reduced its stake in Lockheed Martin Corporation (NYSE:LMT) by 80.4% during the first quarter, Holdings Channel.com reports. The fund owned 593 shares of the aerospace company’s stock after selling 2,437 shares during the quarter. ORG Partners LLC’s holdings in Lockheed Martin were worth $266,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Millstone Evans Group LLC bought a new position in Lockheed Martin in the 4th quarter worth about $32,000. Mizuho Securities Co. Ltd. bought a new position in shares of Lockheed Martin during the fourth quarter valued at approximately $34,000. Heck Capital Advisors LLC bought a new position in shares of Lockheed Martin during the fourth quarter valued at approximately $35,000. Redwood Park Advisors LLC bought a new position in shares of Lockheed Martin during the fourth quarter valued at approximately $40,000. Finally, Runnymede Capital Advisors Inc. bought a new position in shares of Lockheed Martin during the fourth quarter valued at approximately $42,000. 74.19% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on LMT. Wells Fargo & Company dropped their price objective on shares of Lockheed Martin from $476.00 to $432.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 8th. Jefferies Financial Group dropped their price objective on shares of Lockheed Martin from $510.00 to $500.00 and set a “hold” rating on the stock in a research note on Monday, April 28th. Robert W. Baird upgraded shares of Lockheed Martin from a “neutral” rating to an “outperform” rating and set a $540.00 price objective on the stock in a research note on Wednesday, April 23rd. 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. Finally, Royal Bank Of Canada downgraded shares of Lockheed Martin from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from $550.00 to $480.00 in a research note on Thursday, March 27th. Nine equities 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 stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $541.80.

Lockheed Martin Trading Up 0.3%

NYSE LMT opened at $470.21 on Friday. The company has a fifty day simple moving average of $471.63 and a two-hundred day simple moving average of $468.59. The stock has a market cap of $110.17 billion, a P/E ratio of 20.31, a P/E/G ratio of 1.63 and a beta of 0.29. Lockheed Martin Corporation has a 12-month low of $418.88 and a 12-month high of $618.95. The company has a current ratio of 1.08, a quick ratio of 0.91 and a debt-to-equity ratio of 2.79.

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 analysts’ consensus estimates of $6.34 by $0.94. The business had revenue of $17.96 billion during the quarter, compared to analysts’ expectations of $17.83 billion. Lockheed Martin had a net margin of 7.66% and a return on equity of 104.09%. On average, analysts forecast that Lockheed Martin Corporation will post 27.15 earnings per share for the current 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 issued a $3.30 dividend. The ex-dividend date is Monday, June 2nd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.81%. Lockheed Martin’s dividend 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.