Petros Family Wealth LLC Reduces Holdings in Lockheed Martin Corporation (NYSE:LMT)

Petros Family Wealth LLC decreased its holdings in Lockheed Martin Corporation (NYSE:LMT) by 8.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 739 shares of the aerospace company’s stock after selling 70 shares during the quarter. Petros Family Wealth LLC’s holdings in Lockheed Martin were worth $330,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. BridgePort Financial Solutions LLC boosted its holdings in shares of Lockheed Martin by 8.3% in the first quarter. BridgePort Financial Solutions LLC now owns 786 shares of the aerospace company’s stock worth $351,000 after buying an additional 60 shares during the last quarter. Ledyard National Bank boosted its holdings in shares of Lockheed Martin by 3.8% in the first quarter. Ledyard National Bank now owns 5,955 shares of the aerospace company’s stock worth $2,660,000 after buying an additional 219 shares during the last quarter. YHB Investment Advisors Inc. lifted its holdings in Lockheed Martin by 33.9% during the first quarter. YHB Investment Advisors Inc. now owns 707 shares of the aerospace company’s stock valued at $316,000 after purchasing an additional 179 shares in the last quarter. Keudell Morrison Wealth Management lifted its holdings in Lockheed Martin by 2.6% during the first quarter. Keudell Morrison Wealth Management now owns 1,713 shares of the aerospace company’s stock valued at $765,000 after purchasing an additional 43 shares in the last quarter. Finally, Integris Wealth Management LLC boosted its position in shares of Lockheed Martin by 2.7% in the first quarter. Integris Wealth Management LLC now owns 1,659 shares of the aerospace company’s stock worth $741,000 after purchasing an additional 44 shares during the period. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Analyst Ratings Changes

LMT has been the subject of a number of recent analyst reports. Wall Street Zen lowered shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 3rd. UBS Group upped their price target on shares of Lockheed Martin from $481.00 to $499.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 23rd. Bank of America lowered shares of Lockheed Martin from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $685.00 to $485.00 in a research report on Monday, March 24th. Royal Bank Of Canada lowered shares of Lockheed Martin from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from $550.00 to $480.00 in a research report on Thursday, March 27th. Finally, Melius Research lowered shares of Lockheed Martin from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 24th. Nine research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $541.80.

Lockheed Martin Price Performance

Shares of NYSE:LMT opened at $472.16 on Tuesday. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.91 and a current ratio of 1.08. The firm has a fifty day moving average price of $471.56 and a 200 day moving average price of $467.62. Lockheed Martin Corporation has a fifty-two week low of $418.88 and a fifty-two week high of $618.95. The firm has a market cap of $110.63 billion, a price-to-earnings ratio of 20.40, a P/E/G ratio of 1.64 and a beta of 0.29.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.34 by $0.94. The company had revenue of $17.96 billion for the quarter, compared to the consensus estimate of $17.83 billion. Lockheed Martin had a net margin of 7.66% and a return on equity of 104.09%. As a group, sell-side analysts expect 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. Investors of record on Monday, June 2nd will be paid a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date is Monday, June 2nd. Lockheed Martin’s payout ratio is 57.02%.

Lockheed Martin 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.