Silverleafe Capital Partners LLC Sells 6,464 Shares of Lockheed Martin Co. (NYSE:LMT)

Silverleafe Capital Partners LLC cut its holdings in Lockheed Martin Co. (NYSE:LMT) by 40.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,370 shares of the aerospace company’s stock after selling 6,464 shares during the quarter. Lockheed Martin makes up approximately 1.7% of Silverleafe Capital Partners LLC’s holdings, making the stock its 16th largest holding. Silverleafe Capital Partners LLC’s holdings in Lockheed Martin were worth $4,262,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Paralel Advisors LLC boosted its position in Lockheed Martin by 1.1% during the 3rd quarter. Paralel Advisors LLC now owns 4,046 shares of the aerospace company’s stock valued at $1,655,000 after acquiring an additional 45 shares in the last quarter. Bank of Nova Scotia boosted its position in Lockheed Martin by 188.3% during the 3rd quarter. Bank of Nova Scotia now owns 163,754 shares of the aerospace company’s stock valued at $66,969,000 after acquiring an additional 106,948 shares in the last quarter. Teza Capital Management LLC bought a new stake in Lockheed Martin during the 3rd quarter valued at approximately $4,175,000. Sherbrooke Park Advisers LLC boosted its position in Lockheed Martin by 230.4% during the 3rd quarter. Sherbrooke Park Advisers LLC now owns 9,251 shares of the aerospace company’s stock valued at $3,783,000 after acquiring an additional 6,451 shares in the last quarter. Finally, Ironwood Investment Counsel LLC lifted its holdings in shares of Lockheed Martin by 1.3% during the third quarter. Ironwood Investment Counsel LLC now owns 14,474 shares of the aerospace company’s stock valued at $5,920,000 after purchasing an additional 191 shares during the last quarter. 74.19% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on LMT. Citigroup boosted their price objective on shares of Lockheed Martin from $508.00 to $525.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. UBS Group boosted their price objective 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. Wells Fargo & Company boosted their price objective 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. 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. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Lockheed Martin from $467.00 to $487.00 and gave the company a “hold” rating in a report on Thursday, April 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $485.40.

Lockheed Martin Stock Down 0.0 %

Shares of NYSE:LMT opened at $467.10 on Friday. The company has a 50-day moving average price of $464.84 and a 200 day moving average price of $450.35. Lockheed Martin Co. has a 12 month low of $393.77 and a 12 month high of $479.50. The company has a current ratio of 1.30, a quick ratio of 1.11 and a debt-to-equity ratio of 2.89. The company has a market cap of $112.08 billion, a price-to-earnings ratio of 17.09, a PEG ratio of 4.40 and a beta of 0.47.

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

Lockheed Martin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Tuesday, September 3rd will be issued a dividend of $3.15 per share. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $12.60 dividend on an annualized basis and a yield of 2.70%. Lockheed Martin’s dividend payout ratio (DPR) is presently 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.