Lockheed Martin Corporation (NYSE:LMT) Shares Sold by Dunhill Financial LLC

Dunhill Financial LLC lowered its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 42.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 526 shares of the aerospace company’s stock after selling 385 shares during the quarter. Dunhill Financial LLC’s holdings in Lockheed Martin were worth $235,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Millstone Evans Group LLC purchased a new position in Lockheed Martin during the 4th quarter worth $32,000. Mizuho Securities Co. Ltd. acquired a new position in shares of Lockheed Martin during the fourth quarter worth about $34,000. Heck Capital Advisors LLC purchased a new position in Lockheed Martin during the fourth quarter worth about $35,000. Redwood Park Advisors LLC acquired a new stake in Lockheed Martin in the fourth quarter valued at about $40,000. Finally, Runnymede Capital Advisors Inc. purchased a new stake in Lockheed Martin in the 4th quarter valued at approximately $42,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Up 2.5%

LMT opened at $478.91 on Wednesday. The firm has a market cap of $112.21 billion, a P/E ratio of 20.69, a PEG ratio of 1.63 and a beta of 0.29. The business’s fifty day simple moving average is $471.55 and its 200 day simple moving average is $469.28. Lockheed Martin Corporation has a 52 week low of $418.88 and a 52 week high of $618.95. 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 released its quarterly earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.34 by $0.94. Lockheed Martin had a net margin of 7.66% and a return on equity of 104.09%. The company had revenue of $17.96 billion for the quarter, compared to analysts’ expectations of $17.83 billion. As a group, equities research analysts anticipate that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Monday, June 2nd will be paid a $3.30 dividend. This represents a $13.20 annualized dividend and a dividend yield of 2.76%. The ex-dividend date is Monday, June 2nd. Lockheed Martin’s dividend payout ratio is currently 57.02%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Wells Fargo & Company reduced their price target on Lockheed Martin from $476.00 to $432.00 and set an “equal weight” rating for the company in a report on Tuesday, April 8th. UBS Group increased their price objective on Lockheed Martin from $481.00 to $499.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 23rd. Robert W. Baird upgraded shares of Lockheed Martin from a “neutral” rating to an “outperform” rating and set a $540.00 target price on the stock in a research report on Wednesday, April 23rd. Melius Research downgraded shares of Lockheed Martin from a “strong-buy” rating to a “hold” rating in a report on Monday, March 24th. Finally, Melius cut shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Monday, March 24th. Nine 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’s stock. According to MarketBeat, Lockheed Martin presently has an average rating of “Moderate Buy” and an average price target 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.