Shamrock Asset Management LLC lowered its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 27.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 434 shares of the aerospace company’s stock after selling 167 shares during the period. Shamrock Asset Management LLC’s holdings in Lockheed Martin were worth $130,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Bremer Trust National Association bought a new position in Lockheed Martin in the 4th quarter valued at $25,000. ERTS Wealth Advisors LLC bought a new position in Lockheed Martin in the 4th quarter valued at $26,000. Lake Point Wealth Management bought a new position in Lockheed Martin in the 4th quarter valued at $26,000. Advisors Preferred LLC bought a new position in Lockheed Martin in the 1st quarter valued at $26,000. Finally, Van ECK Associates Corp bought a new position in Lockheed Martin in the 4th quarter valued at $29,000. Institutional investors own 78.08% of the company’s stock.

Lockheed Martin stock opened at $338.78 on Friday. The company has a debt-to-equity ratio of 5.00, a quick ratio of 0.96 and a current ratio of 1.17. The firm has a market cap of $95.72 billion, a PE ratio of 18.98, a P/E/G ratio of 2.39 and a beta of 1.04. Lockheed Martin Co. has a fifty-two week low of $241.18 and a fifty-two week high of $351.35.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, April 23rd. The aerospace company reported $5.99 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $4.29 by $1.70. The firm had revenue of $14.34 billion for the quarter, compared to analysts’ expectations of $12.48 billion. Lockheed Martin had a net margin of 9.91% and a return on equity of 415.92%. The business’s quarterly revenue was up 23.2% on a year-over-year basis. During the same quarter last year, the company posted $4.02 EPS. As a group, equities analysts forecast that Lockheed Martin Co. will post 20.53 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 3rd will be given a dividend of $2.20 per share. This represents a $8.80 annualized dividend and a dividend yield of 2.60%. The ex-dividend date of this dividend is Friday, May 31st. Lockheed Martin’s dividend payout ratio (DPR) is currently 49.30%.

Several research analysts have commented on LMT shares. Morgan Stanley raised their price target on shares of Lockheed Martin from $300.00 to $324.00 and gave the company an “equal weight” rating in a report on Wednesday, February 13th. ValuEngine downgraded shares of Lockheed Martin from a “hold” rating to a “sell” rating in a report on Wednesday, February 20th. Jefferies Financial Group reissued a “hold” rating and issued a $313.00 price target on shares of Lockheed Martin in a report on Tuesday, February 5th. Bank of America reissued a “buy” rating and issued a $390.00 price target on shares of Lockheed Martin in a report on Wednesday, January 30th. Finally, Robert W. Baird raised their price target on shares of Lockheed Martin from $326.00 to $371.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Seven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Lockheed Martin presently has an average rating of “Buy” and a consensus target price of $355.13.

In related news, Director Ilene S. Gordon acquired 750 shares of the stock in a transaction dated Monday, February 25th. The shares were purchased at an average price of $306.04 per share, for a total transaction of $229,530.00. Following the transaction, the director now owns 750 shares in the company, valued at approximately $229,530. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Marillyn A. Hewson sold 59,434 shares of the firm’s stock in a transaction on Tuesday, February 26th. The shares were sold at an average price of $306.60, for a total transaction of $18,222,464.40. Following the sale, the chairman now owns 109,531 shares in the company, valued at approximately $33,582,204.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 68,949 shares of company stock worth $21,185,503. Corporate insiders own 0.35% of the company’s stock.

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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. It operates through four segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.

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

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