Calton & Associates Inc. Decreases Holdings in Lockheed Martin Co. (NYSE:LMT)

Calton & Associates Inc. cut its stake in shares of Lockheed Martin Co. (NYSE:LMTGet Rating) by 41.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,160 shares of the aerospace company’s stock after selling 838 shares during the period. Calton & Associates Inc.’s holdings in Lockheed Martin were worth $512,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in LMT. Byrne Asset Management LLC grew its stake in Lockheed Martin by 5.3% in the 1st quarter. Byrne Asset Management LLC now owns 479 shares of the aerospace company’s stock worth $211,000 after acquiring an additional 24 shares in the last quarter. Enterprise Financial Services Corp grew its stake in Lockheed Martin by 1.1% in the 4th quarter. Enterprise Financial Services Corp now owns 2,357 shares of the aerospace company’s stock worth $838,000 after acquiring an additional 26 shares in the last quarter. Capital Analysts LLC grew its stake in Lockheed Martin by 0.3% in the 4th quarter. Capital Analysts LLC now owns 8,344 shares of the aerospace company’s stock worth $2,966,000 after acquiring an additional 27 shares in the last quarter. PDS Planning Inc grew its stake in Lockheed Martin by 3.1% in the 4th quarter. PDS Planning Inc now owns 932 shares of the aerospace company’s stock worth $331,000 after acquiring an additional 28 shares in the last quarter. Finally, CNB Bank boosted its stake in shares of Lockheed Martin by 0.6% during the fourth quarter. CNB Bank now owns 4,438 shares of the aerospace company’s stock valued at $1,577,000 after purchasing an additional 28 shares in the last quarter. Institutional investors and hedge funds own 78.89% of the company’s stock.

LMT has been the topic of a number of recent research reports. Seaport Res Ptn reiterated a “buy” rating on shares of Lockheed Martin in a research note on Tuesday, April 19th. Argus increased their price objective on shares of Lockheed Martin from $415.00 to $500.00 in a research note on Wednesday, April 20th. Wolfe Research upgraded shares of Lockheed Martin from a “peer perform” rating to an “outperform” rating and set a $467.00 price objective on the stock in a research note on Monday, February 28th. Susquehanna Bancshares raised their target price on shares of Lockheed Martin from $515.00 to $539.00 in a research note on Wednesday, April 20th. Finally, StockNews.com downgraded shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 25th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Lockheed Martin has a consensus rating of “Hold” and an average target price of $448.86.

NYSE LMT opened at $415.45 on Thursday. The company has a fifty day simple moving average of $438.15 and a two-hundred day simple moving average of $411.54. The stock has a market cap of $110.56 billion, a P/E ratio of 18.35, a P/E/G ratio of 2.75 and a beta of 0.76. Lockheed Martin Co. has a 12-month low of $324.23 and a 12-month high of $479.99. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 1.11.

Lockheed Martin (NYSE:LMTGet Rating) last issued its earnings results on Tuesday, April 19th. The aerospace company reported $6.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.22 by $0.22. Lockheed Martin had a net margin of 9.45% and a return on equity of 81.35%. The firm had revenue of $14.96 billion during the quarter, compared to analysts’ expectations of $15.49 billion. During the same quarter last year, the company posted $6.56 earnings per share. The firm’s revenue was down 8.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Lockheed Martin Co. will post 26.84 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 24th. Investors of record on Wednesday, June 1st will be issued a dividend of $2.80 per share. The ex-dividend date of this dividend is Tuesday, May 31st. This represents a $11.20 annualized dividend and a dividend yield of 2.70%. Lockheed Martin’s dividend payout ratio (DPR) is presently 49.47%.

In other Lockheed Martin news, Director John Donovan bought 568 shares of Lockheed Martin stock in a transaction that occurred on Thursday, April 21st. The stock was purchased at an average price of $440.55 per share, with a total value of $250,232.40. Following the completion of the acquisition, the director now directly owns 568 shares in the company, valued at approximately $250,232.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.17% of the company’s stock.

About Lockheed Martin (Get Rating)

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. It operates through four segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space.

See Also

Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

Receive News & Ratings for Lockheed Martin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lockheed Martin and related companies with MarketBeat.com's FREE daily email newsletter.