Lockheed Martin Co. (NYSE:LMT) Shares Sold by RBO & Co. LLC

RBO & Co. LLC decreased its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 5.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 30,922 shares of the aerospace company’s stock after selling 1,658 shares during the period. Lockheed Martin makes up about 2.4% of RBO & Co. LLC’s portfolio, making the stock its 23rd biggest holding. RBO & Co. LLC’s holdings in Lockheed Martin were worth $14,015,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LMT. Norris Perne & French LLP MI lifted its position in shares of Lockheed Martin by 2.8% in the 4th quarter. Norris Perne & French LLP MI now owns 905 shares of the aerospace company’s stock valued at $410,000 after acquiring an additional 25 shares in the last quarter. Genesee Capital Advisors LLC lifted its position in Lockheed Martin by 2.8% in the 4th quarter. Genesee Capital Advisors LLC now owns 923 shares of the aerospace company’s stock worth $419,000 after buying an additional 25 shares in the last quarter. Hunter Associates Investment Management LLC lifted its position in Lockheed Martin by 1.3% in the 4th quarter. Hunter Associates Investment Management LLC now owns 2,011 shares of the aerospace company’s stock worth $912,000 after buying an additional 25 shares in the last quarter. Missouri Trust & Investment Co lifted its position in Lockheed Martin by 19.8% in the 4th quarter. Missouri Trust & Investment Co now owns 151 shares of the aerospace company’s stock worth $68,000 after buying an additional 25 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its position in Lockheed Martin by 1.6% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,694 shares of the aerospace company’s stock worth $693,000 after buying an additional 26 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

NYSE:LMT traded down $4.55 during midday trading on Wednesday, reaching $464.34. The stock had a trading volume of 88,202 shares, compared to its average volume of 1,079,122. Lockheed Martin Co. has a 1-year low of $393.77 and a 1-year high of $479.50. The firm’s fifty day simple moving average is $460.95 and its 200-day simple moving average is $448.31. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.30 and a quick ratio of 1.11. The stock has a market capitalization of $111.41 billion, a P/E ratio of 17.15, a PEG ratio of 4.40 and a beta of 0.47.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.80 by $0.53. Lockheed Martin had a net margin of 9.73% and a return on equity of 85.96%. The business had revenue of $17.20 billion for the quarter, compared to analyst estimates of $16.04 billion. During the same period last year, the business posted $6.43 EPS. Lockheed Martin’s revenue was up 13.7% compared to the same quarter last year. On average, equities research analysts forecast that Lockheed Martin Co. will post 26.17 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 3rd will be given a $3.15 dividend. The ex-dividend date is Monday, June 3rd. This represents a $12.60 annualized dividend and a yield of 2.71%. Lockheed Martin’s dividend payout ratio is 46.10%.

Wall Street Analysts Forecast Growth

LMT has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upgraded shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $475.00 to $518.00 in a research report on Monday, April 15th. StockNews.com upgraded shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 25th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Lockheed Martin from $467.00 to $487.00 and gave the stock a “hold” rating in a research report on Thursday, April 25th. Citigroup increased their price target on shares of Lockheed Martin from $508.00 to $525.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Finally, The Goldman Sachs Group dropped their price target on shares of Lockheed Martin from $380.00 to $377.00 and set a “sell” rating on the stock in a research note on Tuesday, April 23rd. 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, Lockheed Martin currently has an average rating of “Hold” and an average target price of $485.40.

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