West Paces Advisors Inc. Reduces Stake in Lockheed Martin Co. (NYSE:LMT)

West Paces Advisors Inc. decreased its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 5.8% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 1,763 shares of the aerospace company’s stock after selling 109 shares during the period. West Paces Advisors Inc.’s holdings in Lockheed Martin were worth $802,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in LMT. Norris Perne & French LLP MI increased 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 worth $410,000 after purchasing an additional 25 shares during the last quarter. Genesee Capital Advisors LLC boosted its holdings in shares of Lockheed Martin by 2.8% in the 4th quarter. Genesee Capital Advisors LLC now owns 923 shares of the aerospace company’s stock valued at $419,000 after buying an additional 25 shares during the period. Hunter Associates Investment Management LLC boosted its holdings in shares of 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 valued at $912,000 after buying an additional 25 shares during the period. Missouri Trust & Investment Co boosted its holdings in shares of Lockheed Martin by 19.8% in the 4th quarter. Missouri Trust & Investment Co now owns 151 shares of the aerospace company’s stock valued at $68,000 after buying an additional 25 shares during the period. Finally, Rowlandmiller & PARTNERS.ADV boosted its holdings in shares of Lockheed Martin by 7.1% in the 1st quarter. Rowlandmiller & PARTNERS.ADV now owns 377 shares of the aerospace company’s stock valued at $171,000 after buying an additional 25 shares during the period. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Analysts Set New Price Targets

LMT has been the subject of several research reports. Citigroup lifted their price target on shares of Lockheed Martin from $508.00 to $525.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. StockNews.com raised shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 25th. UBS Group boosted their target price on shares of Lockheed Martin from $482.00 to $499.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. The Goldman Sachs Group reduced their target price on shares of Lockheed Martin from $380.00 to $377.00 and set a “sell” rating for the company in a research note on Tuesday, April 23rd. Finally, JPMorgan Chase & Co. raised shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $475.00 to $518.00 in a research note on Monday, April 15th. One research analyst has rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $485.40.

Lockheed Martin Stock Down 0.2 %

LMT stock traded down $1.08 during trading hours on Wednesday, hitting $466.99. The company’s stock had a trading volume of 924,943 shares, compared to its average volume of 1,081,249. The company has a quick ratio of 1.11, a current ratio of 1.30 and a debt-to-equity ratio of 2.89. The company has a market capitalization of $112.05 billion, a PE ratio of 17.09, a price-to-earnings-growth ratio of 4.41 and a beta of 0.47. Lockheed Martin Co. has a 12 month low of $393.77 and a 12 month high of $479.50. The stock has a 50 day moving average price of $464.34 and a two-hundred day moving average price of $450.00.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 EPS for the quarter, topping the consensus estimate of $5.80 by $0.53. The company had revenue of $17.20 billion during 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% compared to the same quarter last year. During the same period in the previous year, the firm posted $6.43 earnings per share. On average, equities research analysts expect that Lockheed Martin Co. will post 26.17 earnings per share for the current year.

Lockheed Martin Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 3rd will be paid a dividend of $3.15 per share. This represents a $12.60 annualized dividend and a yield of 2.70%. The ex-dividend date of this dividend is Monday, June 3rd. Lockheed Martin’s payout ratio is currently 46.10%.

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