Advisor Resource Council Lowers Stock Position in Lockheed Martin Co. (NYSE:LMT)

Advisor Resource Council lowered its position in shares of Lockheed Martin Co. (NYSE:LMT) by 61.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 445 shares of the aerospace company’s stock after selling 720 shares during the quarter. Advisor Resource Council’s holdings in Lockheed Martin were worth $202,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Altshuler Shaham Ltd purchased a new position in Lockheed Martin during the fourth quarter valued at $26,000. Activest Wealth Management raised its position in shares of Lockheed Martin by 1,200.0% in the 4th quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 60 shares during the last quarter. Iron Horse Wealth Management LLC raised its position in shares of Lockheed Martin by 1,925.0% in the 4th quarter. Iron Horse Wealth Management LLC now owns 81 shares of the aerospace company’s stock worth $37,000 after purchasing an additional 77 shares during the last quarter. Thompson Investment Management Inc. purchased a new position in shares of Lockheed Martin in the 1st quarter worth about $38,000. Finally, TFC Financial Management Inc. raised its position in shares of Lockheed Martin by 206.9% in the 4th quarter. TFC Financial Management Inc. now owns 89 shares of the aerospace company’s stock worth $40,000 after purchasing an additional 60 shares during the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

Shares of Lockheed Martin stock traded up $0.33 during trading hours on Thursday, reaching $466.03. 313,283 shares of the stock traded hands, compared to its average volume of 1,041,486. The company has a 50 day moving average price of $465.05 and a 200 day moving average price of $450.65. The firm has a market capitalization of $111.82 billion, a price-to-earnings ratio of 17.06, a P/E/G ratio of 4.38 and a beta of 0.46. Lockheed Martin Co. has a one year low of $393.77 and a one year high of $479.50. The company has a quick ratio of 1.11, a current ratio of 1.30 and a debt-to-equity ratio of 2.89.

Lockheed Martin (NYSE:LMT) last released its quarterly 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. The business had revenue of $17.20 billion during the quarter, compared to the consensus estimate of $16.04 billion. Lockheed Martin had a return on equity of 85.96% and a net margin of 9.73%. The business’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same period in the previous year, the company posted $6.43 EPS. On average, equities research analysts expect that Lockheed Martin Co. will post 26.17 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Tuesday, September 3rd will be paid a dividend of $3.15 per share. The ex-dividend date is Tuesday, September 3rd. This represents a $12.60 dividend on an annualized basis and a dividend yield of 2.70%. Lockheed Martin’s dividend payout ratio is currently 46.10%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Wells Fargo & Company lifted their price target on Lockheed Martin from $460.00 to $480.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 25th. StockNews.com raised Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 25th. Deutsche Bank Aktiengesellschaft lifted their price target on Lockheed Martin from $467.00 to $487.00 and gave the stock a “hold” rating in a research report on Thursday, April 25th. Citigroup lifted their price objective on Lockheed Martin from $508.00 to $525.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Finally, UBS Group lifted their price objective on Lockheed Martin from $482.00 to $499.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. One 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, the company has a consensus rating of “Hold” and a consensus price target of $485.40.

Lockheed Martin Company 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.