Astoria Portfolio Advisors LLC. Sells 126 Shares of Lockheed Martin Co. (NYSE:LMT)

Astoria Portfolio Advisors LLC. trimmed its position in shares of Lockheed Martin Co. (NYSE:LMT) by 4.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,498 shares of the aerospace company’s stock after selling 126 shares during the period. Astoria Portfolio Advisors LLC.’s holdings in Lockheed Martin were worth $1,132,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of LMT. Warther Private Wealth LLC raised its stake in Lockheed Martin by 86.1% in the fourth quarter. Warther Private Wealth LLC now owns 16,369 shares of the aerospace company’s stock worth $7,419,000 after buying an additional 7,575 shares in the last quarter. Alethea Capital Management LLC bought a new position in Lockheed Martin in the third quarter worth about $415,000. Morningstar Investment Services LLC grew its holdings in Lockheed Martin by 99.6% in the fourth quarter. Morningstar Investment Services LLC now owns 147,811 shares of the aerospace company’s stock worth $66,697,000 after purchasing an additional 73,774 shares during the period. AdvisorNet Financial Inc grew its holdings in Lockheed Martin by 0.4% in the fourth quarter. AdvisorNet Financial Inc now owns 7,741 shares of the aerospace company’s stock worth $3,509,000 after purchasing an additional 29 shares during the period. Finally, Cercano Management LLC purchased a new stake in Lockheed Martin in the fourth quarter worth about $29,454,000. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Stock Performance

Lockheed Martin stock opened at $467.10 on Friday. The company’s 50-day moving average price is $464.84 and its 200-day moving average price is $450.35. Lockheed Martin Co. has a twelve month low of $393.77 and a twelve month 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. The company has a market cap of $112.08 billion, a PE ratio of 17.09, a price-to-earnings-growth ratio of 4.40 and a beta of 0.47.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 EPS for the quarter, beating the consensus estimate of $5.80 by $0.53. The company had revenue of $17.20 billion for 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% compared to the same quarter last year. During the same period in the prior year, the firm posted $6.43 EPS. On average, equities research analysts forecast that Lockheed Martin Co. will post 26.17 EPS 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. Shareholders of record on Tuesday, September 3rd will be paid 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 2.70%. Lockheed Martin’s dividend payout ratio is currently 46.10%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Citigroup upped 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. 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 cut 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 increased 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, JPMorgan Chase & Co. upgraded shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and increased their price target for the company from $475.00 to $518.00 in a report on Monday, April 15th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price 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.