James Hambro & Partners reduced its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 35.8% in the 1st quarter, Holdings Channel reports. The firm owned 14,365 shares of the aerospace company’s stock after selling 8,001 shares during the quarter. Lockheed Martin accounts for 0.5% of James Hambro & Partners’ investment portfolio, making the stock its 24th largest holding. James Hambro & Partners’ holdings in Lockheed Martin were worth $5,307,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in LMT. Terry L. Blaker grew its holdings in Lockheed Martin by 13.2% during the 4th quarter. Terry L. Blaker now owns 8,232 shares of the aerospace company’s stock worth $2,922,000 after acquiring an additional 957 shares during the period. Veritas Investment Partners UK Ltd. acquired a new stake in shares of Lockheed Martin in the 4th quarter valued at about $26,000. Independence Bank of Kentucky grew its stake in shares of Lockheed Martin by 91.8% in the 1st quarter. Independence Bank of Kentucky now owns 2,846 shares of the aerospace company’s stock valued at $1,052,000 after buying an additional 1,362 shares during the period. Callahan Advisors LLC grew its stake in shares of Lockheed Martin by 11.4% in the 1st quarter. Callahan Advisors LLC now owns 3,040 shares of the aerospace company’s stock valued at $1,123,000 after buying an additional 310 shares during the period. Finally, Country Club Trust Company n.a. grew its stake in shares of Lockheed Martin by 27.1% in the 1st quarter. Country Club Trust Company n.a. now owns 2,877 shares of the aerospace company’s stock valued at $1,066,000 after buying an additional 613 shares during the period. 77.00% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have commented on the stock. Morgan Stanley lifted their target price on shares of Lockheed Martin from $445.00 to $458.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 27th. Robert W. Baird cut shares of Lockheed Martin from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $420.00 to $368.00 in a research report on Thursday, January 7th. Credit Suisse Group lowered their price target on shares of Lockheed Martin from $351.00 to $334.00 in a report on Wednesday, January 27th. Wolfe Research started coverage on shares of Lockheed Martin in a report on Friday, April 9th. They issued a “peer perform” rating on the stock. Finally, Cowen reaffirmed a “buy” rating and issued a $410.00 price target on shares of Lockheed Martin in a report on Thursday, April 22nd. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $427.11.

In other news, EVP Richard F. Ambrose sold 3,446 shares of the stock in a transaction that occurred on Friday, April 23rd. The shares were sold at an average price of $377.38, for a total transaction of $1,300,451.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO John Frank A. St sold 6,855 shares of the stock in a transaction that occurred on Monday, April 26th. The shares were sold at an average price of $371.95, for a total transaction of $2,549,717.25. The disclosure for this sale can be found here. In the last quarter, insiders have sold 15,707 shares of company stock worth $5,925,208. Corporate insiders own 0.17% of the company’s stock.

Shares of NYSE:LMT opened at $386.16 on Tuesday. The company has a market cap of $107.33 billion, a price-to-earnings ratio of 16.60, a price-to-earnings-growth ratio of 1.98 and a beta of 0.92. The company has a 50-day moving average price of $373.18 and a 200-day moving average price of $357.38. The company has a current ratio of 1.33, a quick ratio of 1.12 and a debt-to-equity ratio of 2.34. Lockheed Martin Co. has a 12 month low of $319.81 and a 12 month high of $417.62.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Monday, April 19th. The aerospace company reported $6.56 earnings per share for the quarter, topping the Zacks’ consensus estimate of $6.32 by $0.24. The business had revenue of $16.26 billion for the quarter, compared to analysts’ expectations of $16.42 billion. Lockheed Martin had a net margin of 10.18% and a return on equity of 173.43%. The business’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $6.08 earnings per share. As a group, research analysts forecast that Lockheed Martin Co. will post 24.82 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 25th. Stockholders of record on Tuesday, June 1st will be issued a dividend of $2.60 per share. This represents a $10.40 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date is Friday, May 28th. Lockheed Martin’s payout ratio is 47.38%.

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. It operates through four segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space.

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Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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