HCR Wealth Advisors Sells 100 Shares of Lockheed Martin Corporation (NYSE:LMT)

HCR Wealth Advisors trimmed its stake in Lockheed Martin Corporation (NYSE:LMT) by 9.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 990 shares of the aerospace company’s stock after selling 100 shares during the period. HCR Wealth Advisors’ holdings in Lockheed Martin were worth $442,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Well Done LLC grew its stake in shares of Lockheed Martin by 5.2% during the 1st quarter. Well Done LLC now owns 728 shares of the aerospace company’s stock valued at $354,000 after acquiring an additional 36 shares during the period. Sterling Investment Counsel LLC raised its stake in Lockheed Martin by 3.7% during the 1st quarter. Sterling Investment Counsel LLC now owns 1,002 shares of the aerospace company’s stock worth $448,000 after acquiring an additional 36 shares during the period. Boston Trust Walden Corp lifted its holdings in Lockheed Martin by 18.9% during the first quarter. Boston Trust Walden Corp now owns 32,768 shares of the aerospace company’s stock valued at $14,638,000 after purchasing an additional 5,220 shares in the last quarter. Janney Capital Management LLC boosted its position in shares of Lockheed Martin by 4.2% in the first quarter. Janney Capital Management LLC now owns 638 shares of the aerospace company’s stock worth $285,000 after purchasing an additional 26 shares during the period. Finally, Montz Harcus Wealth Management LLC increased its stake in shares of Lockheed Martin by 12.5% in the first quarter. Montz Harcus Wealth Management LLC now owns 827 shares of the aerospace company’s stock worth $370,000 after purchasing an additional 92 shares in the last quarter. 74.19% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on LMT shares. Wall Street Zen cut Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 3rd. Baird R W raised shares of Lockheed Martin from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 23rd. Melius cut shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Monday, March 24th. Robert W. Baird upgraded shares of Lockheed Martin from a “neutral” rating to an “outperform” rating and set a $540.00 target price for the company in a research report on Wednesday, April 23rd. Finally, Wells Fargo & Company cut their target price on shares of Lockheed Martin from $476.00 to $432.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 8th. Nine equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Lockheed Martin currently has a consensus rating of “Moderate Buy” and a consensus price target of $541.80.

Lockheed Martin Stock Down 2.3%

NYSE LMT opened at $468.27 on Thursday. The company has a fifty day moving average of $471.66 and a two-hundred day moving average of $469.27. The firm has a market capitalization of $109.72 billion, a price-to-earnings ratio of 20.23, a PEG ratio of 1.67 and a beta of 0.29. The company has a quick ratio of 0.91, a current ratio of 1.08 and a debt-to-equity ratio of 2.79. Lockheed Martin Corporation has a 52 week low of $418.88 and a 52 week high of $618.95.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share for the quarter, topping analysts’ consensus estimates of $6.34 by $0.94. Lockheed Martin had a net margin of 7.66% and a return on equity of 104.09%. The company had revenue of $17.96 billion for the quarter, compared to analyst estimates of $17.83 billion. On average, analysts predict that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, June 2nd will be given a $3.30 dividend. The ex-dividend date is Monday, June 2nd. This represents a $13.20 annualized dividend and a yield of 2.82%. Lockheed Martin’s dividend payout ratio (DPR) is 57.02%.

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.