Stuart Chaussee & Associates Inc. reduced its stake in Lockheed Martin Co. (NYSE:LMT) by 15.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 872 shares of the aerospace company’s stock after selling 160 shares during the quarter. Lockheed Martin makes up approximately 0.2% of Stuart Chaussee & Associates Inc.’s investment portfolio, making the stock its 16th biggest position. Stuart Chaussee & Associates Inc.’s holdings in Lockheed Martin were worth $262,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. RB Capital Management LLC raised its holdings in Lockheed Martin by 7.6% during the first quarter. RB Capital Management LLC now owns 2,399 shares of the aerospace company’s stock valued at $720,000 after acquiring an additional 169 shares during the period. White Lighthouse Investment Management Inc. bought a new stake in Lockheed Martin during the first quarter valued at about $224,000. Intercontinental Wealth Advisors LLC raised its holdings in Lockheed Martin by 52.4% during the first quarter. Intercontinental Wealth Advisors LLC now owns 1,021 shares of the aerospace company’s stock valued at $306,000 after acquiring an additional 351 shares during the period. Leisure Capital Management raised its holdings in Lockheed Martin by 2.1% during the first quarter. Leisure Capital Management now owns 2,884 shares of the aerospace company’s stock valued at $866,000 after acquiring an additional 59 shares during the period. Finally, Garrison Point Advisors LLC raised its holdings in Lockheed Martin by 8.1% during the first quarter. Garrison Point Advisors LLC now owns 1,599 shares of the aerospace company’s stock valued at $480,000 after acquiring an additional 120 shares during the period. 78.06% of the stock is currently owned by institutional investors.

A number of equities research analysts have commented on the company. Barclays raised their price target on Lockheed Martin from $340.00 to $370.00 and gave the company an “equal weight” rating in a report on Thursday, May 16th. ValuEngine raised Lockheed Martin from a “sell” rating to a “hold” rating in a report on Wednesday, April 24th. Bank of America reissued a “buy” rating and set a $400.00 price target (up from $390.00) on shares of Lockheed Martin in a report on Wednesday, April 24th. Robert W. Baird lifted their target price on Lockheed Martin from $326.00 to $371.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Finally, Cowen reaffirmed a “buy” rating and issued a $360.00 target price on shares of Lockheed Martin in a report on Wednesday, April 24th. Seven research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $355.13.

In related news, Director David B. Burritt sold 2,100 shares of Lockheed Martin stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $330.21, for a total value of $693,441.00. Following the completion of the transaction, the director now owns 6,030 shares in the company, valued at $1,991,166.30. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.35% of the company’s stock.

Shares of LMT stock traded up $3.14 during trading hours on Monday, hitting $341.68. The stock had a trading volume of 11,706 shares, compared to its average volume of 1,242,784. Lockheed Martin Co. has a one year low of $241.18 and a one year high of $351.35. The company has a current ratio of 1.17, a quick ratio of 0.96 and a debt-to-equity ratio of 5.00. The stock has a market capitalization of $96.28 billion, a price-to-earnings ratio of 19.16, a price-to-earnings-growth ratio of 2.35 and a beta of 0.95.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, April 23rd. The aerospace company reported $5.99 earnings per share (EPS) for the quarter, topping 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 return on equity of 415.92% and a net margin of 9.91%. The business’s revenue was up 23.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.02 earnings per share. As a group, research analysts predict that Lockheed Martin Co. will post 20.53 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 3rd will be given a $2.20 dividend. The ex-dividend date is Friday, May 31st. This represents a $8.80 annualized dividend and a yield of 2.58%. Lockheed Martin’s dividend payout ratio is currently 49.30%.

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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. 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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