Hillsdale Investment Management Inc. Sells 80 Shares of Lockheed Martin Co. (NYSE:LMT)

Hillsdale Investment Management Inc. cut its position in shares of Lockheed Martin Co. (NYSE:LMT) by 41.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 115 shares of the aerospace company’s stock after selling 80 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Lockheed Martin were worth $52,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LMT. Ironwood Investment Counsel LLC boosted its holdings in shares of Lockheed Martin by 2.3% during the 1st quarter. Ironwood Investment Counsel LLC now owns 14,466 shares of the aerospace company’s stock valued at $6,580,000 after buying an additional 325 shares in the last quarter. Catalytic Wealth RIA LLC boosted its stake in Lockheed Martin by 3.1% during the first quarter. Catalytic Wealth RIA LLC now owns 1,021 shares of the aerospace company’s stock worth $464,000 after acquiring an additional 31 shares in the last quarter. Ontario Teachers Pension Plan Board purchased a new stake in Lockheed Martin in the first quarter worth about $2,325,000. TIAA Trust National Association increased its stake in shares of Lockheed Martin by 3.5% during the first quarter. TIAA Trust National Association now owns 9,811 shares of the aerospace company’s stock valued at $4,463,000 after purchasing an additional 334 shares in the last quarter. Finally, Spirepoint Private Client LLC purchased a new position in shares of Lockheed Martin during the first quarter valued at approximately $6,591,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Stock Performance

Shares of LMT stock traded down $0.33 during trading hours on Monday, reaching $474.59. The company had a trading volume of 881,277 shares, compared to its average volume of 1,057,697. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.11 and a current ratio of 1.30. The business has a fifty day moving average price of $465.59 and a 200-day moving average price of $452.22. Lockheed Martin Co. has a one year low of $393.77 and a one year high of $480.86. The firm has a market cap of $113.87 billion, a PE ratio of 17.37, a price-to-earnings-growth ratio of 4.48 and a beta of 0.46.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 EPS for the quarter, topping 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 net margin of 9.73% and a return on equity of 85.96%. The firm’s revenue was up 13.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $6.43 EPS. Sell-side analysts predict that Lockheed Martin Co. will post 26.1 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Tuesday, September 3rd will be issued a $3.15 dividend. 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 2.65%. Lockheed Martin’s dividend payout ratio is currently 46.10%.

Analyst Ratings Changes

Several analysts recently weighed in on LMT shares. Wells Fargo & Company upped their price target on Lockheed Martin from $460.00 to $480.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 25th. StockNews.com upgraded Lockheed Martin from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 25th. JPMorgan Chase & Co. upgraded shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $475.00 to $518.00 in a research note on Monday, April 15th. UBS Group raised their price objective 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. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Lockheed Martin from $467.00 to $487.00 and gave the stock a “hold” rating in a research note on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average 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.