CWA Asset Management Group LLC Has $10.33 Million Stock Holdings in Lockheed Martin Corporation (NYSE:LMT)

CWA Asset Management Group LLC decreased its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 27.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,124 shares of the aerospace company’s stock after selling 8,968 shares during the quarter. CWA Asset Management Group LLC’s holdings in Lockheed Martin were worth $10,330,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Private Portfolio Partners LLC lifted its holdings in shares of Lockheed Martin by 4.8% in the fourth quarter. Private Portfolio Partners LLC now owns 502 shares of the aerospace company’s stock valued at $244,000 after purchasing an additional 23 shares in the last quarter. Tealwood Asset Management Inc. grew its holdings in shares of Lockheed Martin by 0.4% during the first quarter. Tealwood Asset Management Inc. now owns 5,728 shares of the aerospace company’s stock worth $2,559,000 after buying an additional 23 shares in the last quarter. Southland Equity Partners LLC raised its position in Lockheed Martin by 3.1% in the 1st quarter. Southland Equity Partners LLC now owns 766 shares of the aerospace company’s stock valued at $342,000 after buying an additional 23 shares during the last quarter. Invenio Wealth Partners LLC lifted its stake in Lockheed Martin by 6.2% in the 4th quarter. Invenio Wealth Partners LLC now owns 414 shares of the aerospace company’s stock valued at $201,000 after acquiring an additional 24 shares in the last quarter. Finally, Pioneer Trust Bank N A OR boosted its position in Lockheed Martin by 1.3% during the 4th quarter. Pioneer Trust Bank N A OR now owns 1,944 shares of the aerospace company’s stock worth $945,000 after acquiring an additional 24 shares during the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on LMT. Bank of America downgraded shares of Lockheed Martin from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $685.00 to $485.00 in a report on Monday, March 24th. Morgan Stanley raised shares of Lockheed Martin from an “equal weight” rating to an “overweight” rating and set a $575.00 price target on the stock in a research report on Wednesday, April 16th. Robert W. Baird upgraded shares of Lockheed Martin from a “neutral” rating to an “outperform” rating and set a $540.00 price objective for the company in a research note on Wednesday, April 23rd. UBS Group raised 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. Finally, Wells Fargo & Company dropped their target price on Lockheed Martin from $476.00 to $432.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 8th. Nine research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $541.80.

Lockheed Martin Price Performance

NYSE:LMT opened at $478.91 on Wednesday. Lockheed Martin Corporation has a 12-month low of $418.88 and a 12-month high of $618.95. The firm has a market capitalization of $112.21 billion, a price-to-earnings ratio of 20.69, a P/E/G ratio of 1.63 and a beta of 0.29. The stock’s 50 day moving average price is $471.55 and its two-hundred day moving average price is $469.28. 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 (NYSE:LMT) last posted its earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share for the quarter, topping analysts’ consensus estimates of $6.34 by $0.94. Lockheed Martin had a return on equity of 104.09% and a net margin of 7.66%. 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 year.

Lockheed Martin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Monday, June 2nd will be given a $3.30 dividend. This represents a $13.20 annualized dividend and a dividend yield of 2.76%. The ex-dividend date of this dividend is Monday, June 2nd. Lockheed Martin’s payout ratio is presently 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.