Lake Street Private Wealth LLC Sells 135 Shares of Lockheed Martin Co. (NYSE:LMT)

Lake Street Private Wealth LLC reduced its stake in Lockheed Martin Co. (NYSE:LMT) by 6.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,906 shares of the aerospace company’s stock after selling 135 shares during the quarter. Lake Street Private Wealth LLC’s holdings in Lockheed Martin were worth $867,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Lockheed Martin Stock Up 0.1 %

Shares of Lockheed Martin stock opened at $466.15 on Thursday. 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 Co. has a twelve month low of $393.77 and a twelve month high of $479.50. The company has a market cap of $111.85 billion, a price-to-earnings ratio of 17.06, a price-to-earnings-growth ratio of 4.38 and a beta of 0.46. The company’s 50 day moving average is $465.05 and its 200 day moving average is $450.65.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share for the quarter, beating the consensus estimate of $5.80 by $0.53. Lockheed Martin had a return on equity of 85.96% and a net margin of 9.73%. The firm had revenue of $17.20 billion for the quarter, compared to analysts’ expectations of $16.04 billion. During the same period in the prior year, the firm earned $6.43 EPS. The company’s revenue was up 13.7% compared to the same quarter last year. Research analysts anticipate that Lockheed Martin Co. will post 26.17 EPS for the current year.

Lockheed Martin Dividend Announcement

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 of this dividend 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 analysts have weighed in on LMT shares. StockNews.com raised shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research note on Thursday, April 25th. UBS Group increased their target price on Lockheed Martin from $482.00 to $499.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. 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 note on Thursday, April 25th. The Goldman Sachs Group decreased their target price 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. Finally, JPMorgan Chase & Co. upgraded shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $475.00 to $518.00 in a research report on Monday, April 15th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $485.40.

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.