Fort Sheridan Advisors LLC Sells 96 Shares of Lockheed Martin Corporation (NYSE:LMT)

Fort Sheridan Advisors LLC trimmed its position in Lockheed Martin Corporation (NYSE:LMT) by 1.6% in the first quarter, according to its most recent filing with the SEC. The fund owned 5,755 shares of the aerospace company’s stock after selling 96 shares during the period. Fort Sheridan Advisors LLC’s holdings in Lockheed Martin were worth $2,571,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of the stock. Millstone Evans Group LLC bought a new position in shares of Lockheed Martin in the 4th quarter worth about $32,000. Mizuho Securities Co. Ltd. acquired a new stake in shares of Lockheed Martin in the 4th quarter valued at about $34,000. Heck Capital Advisors LLC acquired a new stake in shares of Lockheed Martin in the 4th quarter valued at about $35,000. Redwood Park Advisors LLC acquired a new position in Lockheed Martin during the 4th quarter valued at about $40,000. Finally, Runnymede Capital Advisors Inc. acquired a new position in Lockheed Martin during the 4th quarter valued at about $42,000. 74.19% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. TD Cowen reissued a “hold” rating and set a $480.00 target price (down previously from $500.00) on shares of Lockheed Martin in a research report on Thursday. Melius Research cut shares of Lockheed Martin from a “strong-buy” rating to a “hold” rating in a report on Monday, March 24th. Melius cut shares of Lockheed Martin from a “buy” rating to a “hold” rating in a report on Monday, March 24th. Truist Financial reduced their price target on shares of Lockheed Martin from $579.00 to $554.00 and set a “buy” rating for the company in a research report on Friday. Finally, UBS Group boosted their price target on shares of Lockheed Martin from $481.00 to $499.00 and gave the company a “neutral” rating in a research report on Wednesday, April 23rd. Ten research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Lockheed Martin currently has an average rating of “Moderate Buy” and an average target price of $531.47.

Lockheed Martin Stock Performance

Lockheed Martin stock opened at $467.48 on Friday. The company has a quick ratio of 0.91, a current ratio of 1.08 and a debt-to-equity ratio of 2.79. The company has a market capitalization of $109.53 billion, a PE ratio of 20.19, a P/E/G ratio of 1.63 and a beta of 0.28. The firm has a fifty day simple moving average of $469.54 and a two-hundred day simple moving average of $465.01. Lockheed Martin Corporation has a twelve month low of $418.88 and a twelve month high of $618.95.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $7.28 EPS for the quarter, beating the consensus estimate of $6.34 by $0.94. The firm had revenue of $17.96 billion during 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%. Research analysts expect that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 2nd will be paid a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date of this dividend is Tuesday, September 2nd. Lockheed Martin’s payout ratio is currently 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.