Opus Capital Group LLC Has $226,000 Stake in Lockheed Martin Corporation (NYSE:LMT)

Opus Capital Group LLC decreased its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 7.1% in the 1st quarter, Holdings Channel reports. The institutional investor owned 507 shares of the aerospace company’s stock after selling 39 shares during the period. Opus Capital Group LLC’s holdings in Lockheed Martin were worth $226,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Geode Capital Management LLC boosted its holdings in shares of Lockheed Martin by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 4,887,242 shares of the aerospace company’s stock valued at $2,374,557,000 after buying an additional 59,597 shares during the period. Northern Trust Corp lifted its position in shares of Lockheed Martin by 6.3% in the fourth quarter. Northern Trust Corp now owns 2,260,910 shares of the aerospace company’s stock worth $1,098,667,000 after purchasing an additional 134,662 shares in the last quarter. Invesco Ltd. lifted its position in shares of Lockheed Martin by 17.5% in the fourth quarter. Invesco Ltd. now owns 2,131,928 shares of the aerospace company’s stock worth $1,035,989,000 after purchasing an additional 318,007 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Lockheed Martin by 41,104.9% in the first quarter. GAMMA Investing LLC now owns 1,991,433 shares of the aerospace company’s stock worth $889,593,000 after purchasing an additional 1,986,600 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Lockheed Martin by 5.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,274,580 shares of the aerospace company’s stock worth $619,369,000 after purchasing an additional 70,516 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Stock Down 0.6%

Shares of NYSE LMT opened at $466.15 on Tuesday. The company has a 50 day simple moving average of $470.45 and a 200 day simple moving average of $465.33. The firm has a market cap of $109.22 billion, a PE ratio of 20.13, a price-to-earnings-growth ratio of 1.61 and a beta of 0.28. Lockheed Martin Corporation has a 1 year low of $418.88 and a 1 year high of $618.95. 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 issued its quarterly earnings data 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. 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 analyst estimates of $17.83 billion. On average, research analysts forecast that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, September 2nd will be given a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a dividend yield of 2.83%. The ex-dividend date is Tuesday, September 2nd. Lockheed Martin’s dividend payout ratio (DPR) is 57.02%.

Wall Street Analysts Forecast Growth

LMT has been the topic of several analyst reports. 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. Melius lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Monday, March 24th. Jefferies Financial Group dropped 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 report on Monday, April 28th. 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, 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. Nine 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. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price 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.