LaFleur & Godfrey LLC Reduces Stock Position in Lockheed Martin Corporation (NYSE:LMT)

LaFleur & Godfrey LLC reduced its holdings in Lockheed Martin Corporation (NYSE:LMT) by 59.9% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 463 shares of the aerospace company’s stock after selling 693 shares during the period. LaFleur & Godfrey LLC’s holdings in Lockheed Martin were worth $207,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Private Portfolio Partners LLC lifted its holdings in Lockheed Martin by 4.8% during 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. lifted its stake in shares of Lockheed Martin by 0.4% in 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 lifted its stake in shares of Lockheed Martin by 3.1% in the first quarter. Southland Equity Partners LLC now owns 766 shares of the aerospace company’s stock worth $342,000 after buying an additional 23 shares in the last quarter. Invenio Wealth Partners LLC lifted its stake in shares of Lockheed Martin by 6.2% in the fourth quarter. Invenio Wealth Partners LLC now owns 414 shares of the aerospace company’s stock worth $201,000 after buying an additional 24 shares in the last quarter. Finally, Pioneer Trust Bank N A OR lifted its stake in shares of Lockheed Martin by 1.3% in the fourth quarter. Pioneer Trust Bank N A OR now owns 1,944 shares of the aerospace company’s stock worth $945,000 after buying an additional 24 shares in the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Price Performance

Shares of LMT opened at $472.16 on Tuesday. Lockheed Martin Corporation has a 1-year low of $418.88 and a 1-year high of $618.95. The stock has a market cap of $110.63 billion, a PE ratio of 20.40, a P/E/G ratio of 1.64 and a beta of 0.29. The firm has a 50-day simple moving average of $471.56 and a two-hundred day simple moving average of $467.62. The company has a debt-to-equity ratio of 2.79, a current ratio of 1.08 and a quick ratio of 0.91.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $17.83 billion. As a group, analysts forecast that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Monday, June 2nd will be issued a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date is Monday, June 2nd. Lockheed Martin’s dividend payout ratio (DPR) is currently 57.02%.

Wall Street Analyst Weigh In

LMT has been the topic of several research reports. Jefferies Financial Group decreased their price target 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. Baird R W raised shares of Lockheed Martin from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 23rd. Wells Fargo & Company decreased their price target 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. Royal Bank Of Canada downgraded shares of Lockheed Martin from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from $550.00 to $480.00 in a research note on Thursday, March 27th. Finally, UBS Group lifted their target price on shares of Lockheed Martin from $481.00 to $499.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 23rd. Nine research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Lockheed Martin presently has an average rating of “Moderate Buy” and an average target price of $541.80.

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.