Franklin Street Advisors Inc. NC Sells 481 Shares of Lockheed Martin Co. (NYSE:LMT)

Franklin Street Advisors Inc. NC lowered its position in shares of Lockheed Martin Co. (NYSE:LMT) by 1.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,909 shares of the aerospace company’s stock after selling 481 shares during the period. Franklin Street Advisors Inc. NC’s holdings in Lockheed Martin were worth $14,514,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Altshuler Shaham Ltd bought a new stake in Lockheed Martin in the 4th quarter worth approximately $26,000. Activest Wealth Management lifted its stake in shares of Lockheed Martin by 1,200.0% during the 4th quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock valued at $30,000 after buying an additional 60 shares in the last quarter. Iron Horse Wealth Management LLC lifted its stake in shares of Lockheed Martin by 1,925.0% during the 4th quarter. Iron Horse Wealth Management LLC now owns 81 shares of the aerospace company’s stock valued at $37,000 after buying an additional 77 shares in the last quarter. Thompson Investment Management Inc. purchased a new position in shares of Lockheed Martin during the 1st quarter valued at $38,000. Finally, TFC Financial Management Inc. lifted its stake in shares of Lockheed Martin by 206.9% during the 4th quarter. TFC Financial Management Inc. now owns 89 shares of the aerospace company’s stock valued at $40,000 after buying an additional 60 shares in the last quarter. Institutional investors own 74.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. upgraded shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $475.00 to $518.00 in a research note on Monday, April 15th. StockNews.com upgraded shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 25th. The Goldman Sachs Group reduced their price target on shares of Lockheed Martin from $380.00 to $377.00 and set a “sell” rating on the stock in a report on Tuesday, April 23rd. Wells Fargo & Company lifted their price target on shares of Lockheed Martin from $460.00 to $480.00 and gave the company an “equal weight” rating in a report on Thursday, April 25th. Finally, 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. One research analyst has rated the stock with a sell rating, six have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $485.40.

Lockheed Martin Trading Down 0.0 %

Lockheed Martin stock traded down $0.17 during trading hours on Thursday, hitting $466.82. The company had a trading volume of 433,187 shares, compared to its average volume of 1,076,037. The firm has a market cap of $112.01 billion, a P/E ratio of 17.14, a P/E/G ratio of 4.41 and a beta of 0.47. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.11 and a current ratio of 1.30. Lockheed Martin Co. has a 1 year low of $393.77 and a 1 year high of $479.50. The company has a 50-day moving average price of $464.56 and a two-hundred day moving average price of $450.12.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share (EPS) for the quarter, beating 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 company had revenue of $17.20 billion during the quarter, compared to analysts’ expectations of $16.04 billion. During the same period in the previous year, the company earned $6.43 EPS. The firm’s quarterly revenue was up 13.7% on a year-over-year basis. On average, sell-side analysts anticipate that Lockheed Martin Co. will post 26.17 earnings per share for the current year.

Lockheed Martin Announces Dividend

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

Lockheed Martin 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.