Gold Investment Management Ltd. Reduces Holdings in Lockheed Martin Co. (NYSE:LMT)

Gold Investment Management Ltd. lessened its holdings in Lockheed Martin Co. (NYSE:LMTFree Report) by 6.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,432 shares of the aerospace company’s stock after selling 661 shares during the period. Lockheed Martin makes up 1.9% of Gold Investment Management Ltd.’s investment portfolio, making the stock its 13th largest position. Gold Investment Management Ltd.’s holdings in Lockheed Martin were worth $4,745,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of LMT. Catalina Capital Group LLC increased its position in shares of Lockheed Martin by 81.6% during the first quarter. Catalina Capital Group LLC now owns 908 shares of the aerospace company’s stock worth $413,000 after purchasing an additional 408 shares in the last quarter. Avidian Wealth Solutions LLC raised its position in shares of Lockheed Martin by 2.3% during the 1st quarter. Avidian Wealth Solutions LLC now owns 2,184 shares of the aerospace company’s stock worth $993,000 after purchasing an additional 49 shares during the last quarter. Smithbridge Asset Management Inc. DE raised its holdings in Lockheed Martin by 1.6% in the 1st quarter. Smithbridge Asset Management Inc. DE now owns 13,066 shares of the aerospace company’s stock valued at $5,943,000 after acquiring an additional 210 shares during the last quarter. Larson Financial Group LLC grew its stake in shares of Lockheed Martin by 233.6% during the 1st quarter. Larson Financial Group LLC now owns 387 shares of the aerospace company’s stock valued at $176,000 after buying an additional 271 shares during the period. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its stake in shares of Lockheed Martin by 84.4% during the 1st quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 2,027 shares of the aerospace company’s stock valued at $922,000 after buying an additional 928 shares during the period. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

NYSE:LMT traded up $0.71 during mid-day trading on Wednesday, reaching $461.01. 655,578 shares of the company’s stock were exchanged, compared to its average volume of 1,068,040. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.11 and a current ratio of 1.30. Lockheed Martin Co. has a one year low of $393.77 and a one year high of $479.50. The firm has a market capitalization of $110.61 billion, a PE ratio of 16.87, a price-to-earnings-growth ratio of 4.35 and a beta of 0.46. The business’s fifty day simple moving average is $465.00 and its two-hundred day simple moving average is $451.30.

Lockheed Martin (NYSE:LMTGet Free Report) last issued its quarterly earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.80 by $0.53. The firm had revenue of $17.20 billion for the quarter, compared to the consensus estimate of $16.04 billion. Lockheed Martin had a net margin of 9.73% and a return on equity of 85.96%. The company’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $6.43 EPS. Analysts anticipate that Lockheed Martin Co. will post 26.17 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Tuesday, September 3rd will be issued a $3.15 dividend. This represents a $12.60 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date is Tuesday, September 3rd. Lockheed Martin’s dividend payout ratio (DPR) is currently 46.10%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. upgraded shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and upped their target price for the company from $475.00 to $518.00 in a research note on Monday, April 15th. The Goldman Sachs Group decreased their price objective on shares of Lockheed Martin from $380.00 to $377.00 and set a “sell” rating for the company in a report on Tuesday, April 23rd. Wells Fargo & Company raised their target price on shares of Lockheed Martin from $460.00 to $480.00 and gave the stock an “equal weight” rating in a report on Thursday, April 25th. UBS Group raised their target price on shares of Lockheed Martin from $482.00 to $499.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Finally, StockNews.com upgraded shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $485.40.

Check Out Our Latest Stock Analysis on Lockheed Martin

Lockheed Martin Company 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. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.

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

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