Lockheed Martin Corporation (NYSE:LMT) Shares Sold by Lipe & Dalton

Lipe & Dalton trimmed its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 0.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,475 shares of the aerospace company’s stock after selling 35 shares during the period. Lipe & Dalton’s holdings in Lockheed Martin were worth $1,999,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of LMT. GAMMA Investing LLC boosted its stake in Lockheed Martin by 41,104.9% during the 1st quarter. GAMMA Investing LLC now owns 1,991,433 shares of the aerospace company’s stock valued at $889,593,000 after purchasing an additional 1,986,600 shares during the period. Castlekeep Investment Advisors LLC acquired a new stake in shares of Lockheed Martin in the 4th quarter worth approximately $526,587,000. Leigh Baldwin & CO. LLC acquired a new stake in shares of Lockheed Martin in the 4th quarter worth approximately $451,985,000. Capital Research Global Investors acquired a new stake in shares of Lockheed Martin in the 4th quarter worth approximately $229,987,000. Finally, Demars Financial Group LLC lifted its stake in shares of Lockheed Martin by 47,002.5% in the 4th quarter. Demars Financial Group LLC now owns 433,343 shares of the aerospace company’s stock worth $210,579,000 after acquiring an additional 432,423 shares during the period. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Stock Down 0.3%

LMT stock traded down $1.53 during trading hours on Friday, hitting $467.67. The company’s stock had a trading volume of 164,334 shares, compared to its average volume of 1,364,445. 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 $109.58 billion, a PE ratio of 20.21, a price-to-earnings-growth ratio of 1.65 and a beta of 0.28. Lockheed Martin Corporation has a 12 month low of $418.88 and a 12 month high of $618.95. The stock has a 50 day moving average price of $469.56 and a two-hundred day moving average price of $464.56.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 EPS for the quarter, topping the consensus estimate of $6.34 by $0.94. The company 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%. On average, equities research analysts expect that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 2nd will be issued a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a dividend yield of 2.82%. The ex-dividend date is Tuesday, September 2nd. Lockheed Martin’s dividend payout ratio is currently 57.02%.

Wall Street Analyst Weigh In

A number of analysts recently commented on LMT shares. Melius downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating in a report on Monday, March 24th. Wells Fargo & Company dropped their target price on shares of Lockheed Martin from $476.00 to $432.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 8th. Cowen downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating in a report on Thursday, July 10th. 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 report on Wednesday, April 23rd. Finally, Baird R W upgraded shares of Lockheed Martin from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 23rd. Twelve equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $532.69.

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.