M&R Capital Management Inc. Sells 610 Shares of Lockheed Martin Co. (NYSE:LMT)

M&R Capital Management Inc. lessened its position in shares of Lockheed Martin Co. (NYSE:LMT) by 69.1% in the first quarter, Holdings Channel.com reports. The institutional investor owned 273 shares of the aerospace company’s stock after selling 610 shares during the period. M&R Capital Management Inc.’s holdings in Lockheed Martin were worth $100,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Veritas Investment Partners UK Ltd. bought a new stake in Lockheed Martin in the fourth quarter valued at $26,000. Key Financial Inc bought a new stake in Lockheed Martin in the fourth quarter valued at $26,000. TRU Independence Asset Management 2 LLC bought a new stake in Lockheed Martin in the fourth quarter valued at $29,000. Encompass Wealth Advisors LLC bought a new stake in Lockheed Martin in the fourth quarter valued at $29,000. Finally, ForthRight Wealth Management LLC bought a new stake in Lockheed Martin in the fourth quarter valued at $35,000. 77.00% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have weighed in on the stock. Robert W. Baird downgraded shares of Lockheed Martin from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $420.00 to $368.00 in a research note on Thursday, January 7th. Morgan Stanley decreased their price target on shares of Lockheed Martin from $480.00 to $445.00 and set an “overweight” rating for the company in a research note on Monday, February 8th. Finally, Credit Suisse Group decreased their target price on shares of Lockheed Martin from $351.00 to $334.00 in a research report on Wednesday, January 27th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $423.00.

Lockheed Martin stock opened at $378.73 on Thursday. Lockheed Martin Co. has a fifty-two week low of $319.81 and a fifty-two week high of $417.62. The stock has a market cap of $106.08 billion, a PE ratio of 16.38, a price-to-earnings-growth ratio of 1.98 and a beta of 0.92. The firm’s 50-day simple moving average is $349.60 and its 200 day simple moving average is $357.59. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.12 and a current ratio of 1.33.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Monday, January 25th. The aerospace company reported $6.38 earnings per share for the quarter, missing the consensus estimate of $6.41 by ($0.03). Lockheed Martin had a return on equity of 173.43% and a net margin of 10.18%. The firm had revenue of $17.03 billion for the quarter, compared to analysts’ expectations of $16.92 billion. During the same quarter last year, the firm posted $5.29 earnings per share. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. As a group, analysts predict that Lockheed Martin Co. will post 24.82 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, March 26th. Investors of record on Monday, March 1st were issued a dividend of $2.60 per share. This represents a $10.40 annualized dividend and a yield of 2.75%. The ex-dividend date was Friday, February 26th. Lockheed Martin’s dividend payout ratio (DPR) is presently 47.38%.

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. 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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