Lockheed Martin Co. (NYSE:LMT) Shares Sold by Journey Strategic Wealth LLC

Journey Strategic Wealth LLC trimmed its stake in Lockheed Martin Co. (NYSE:LMTFree Report) by 4.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 685 shares of the aerospace company’s stock after selling 34 shares during the period. Journey Strategic Wealth LLC’s holdings in Lockheed Martin were worth $280,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. CGC Financial Services LLC acquired a new stake in Lockheed Martin during the second quarter worth $31,000. Coppell Advisory Solutions Corp. acquired a new stake in Lockheed Martin during the fourth quarter worth $31,000. Milestone Investment Advisors LLC acquired a new stake in Lockheed Martin during the third quarter worth $33,000. Alaska Permanent Fund Corp acquired a new stake in Lockheed Martin during the second quarter worth $35,000. Finally, KB Financial Partners LLC acquired a new stake in Lockheed Martin during the first quarter worth $35,000. 74.26% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Price Performance

Shares of LMT stock opened at $421.55 on Tuesday. Lockheed Martin Co. has a 1 year low of $393.77 and a 1 year high of $508.10. The firm’s 50 day moving average is $447.61 and its 200-day moving average is $442.47. The company has a current ratio of 1.21, a quick ratio of 1.03 and a debt-to-equity ratio of 2.53. The firm has a market capitalization of $101.86 billion, a price-to-earnings ratio of 15.30, a PEG ratio of 3.88 and a beta of 0.49.

Lockheed Martin (NYSE:LMTGet Free Report) last announced its quarterly earnings data on Tuesday, January 23rd. The aerospace company reported $7.90 EPS for the quarter, topping analysts’ consensus estimates of $7.26 by $0.64. Lockheed Martin had a return on equity of 79.91% and a net margin of 10.24%. The business had revenue of $18.87 billion during the quarter, compared to analysts’ expectations of $17.96 billion. During the same period in the previous year, the firm earned $7.79 earnings per share. The firm’s quarterly revenue was down .6% compared to the same quarter last year. Sell-side analysts forecast that Lockheed Martin Co. will post 26.24 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 1st will be paid a $3.15 dividend. The ex-dividend date is Thursday, February 29th. This represents a $12.60 dividend on an annualized basis and a dividend yield of 2.99%. Lockheed Martin’s dividend payout ratio (DPR) is presently 45.74%.

Wall Street Analyst Weigh In

Several brokerages recently commented on LMT. Royal Bank of Canada decreased their price target on Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 24th. Citigroup decreased their price target on Lockheed Martin from $540.00 to $508.00 and set a “buy” rating on the stock in a research note on Wednesday, January 24th. UBS Group decreased their price target on Lockheed Martin from $488.00 to $475.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 24th. Susquehanna decreased their price target on Lockheed Martin from $550.00 to $540.00 and set a “positive” rating on the stock in a research note on Wednesday, January 24th. Finally, Morgan Stanley reduced their target price on Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 24th. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $491.92.

Check Out Our Latest Analysis on LMT

Lockheed Martin Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding LMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lockheed Martin Co. (NYSE:LMTFree Report).

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.