Mitsubishi UFJ Trust & Banking Corp Sells 3,586 Shares of Lockheed Martin Co. (NYSE:LMT)

Mitsubishi UFJ Trust & Banking Corp reduced its position in Lockheed Martin Co. (NYSE:LMT) by 2.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 166,634 shares of the aerospace company’s stock after selling 3,586 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.07% of Lockheed Martin worth $75,790,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Tocqueville Asset Management L.P. grew its position in Lockheed Martin by 6.4% in the first quarter. Tocqueville Asset Management L.P. now owns 76,115 shares of the aerospace company’s stock valued at $34,623,000 after acquiring an additional 4,564 shares during the last quarter. Sentry Investment Management LLC lifted its stake in Lockheed Martin by 9.7% in the 1st quarter. Sentry Investment Management LLC now owns 1,284 shares of the aerospace company’s stock valued at $584,000 after purchasing an additional 114 shares during the last quarter. 1ST Source Bank boosted its position in Lockheed Martin by 0.9% in the first quarter. 1ST Source Bank now owns 6,144 shares of the aerospace company’s stock valued at $2,795,000 after buying an additional 54 shares in the last quarter. Wintrust Investments LLC increased its holdings in shares of Lockheed Martin by 9.7% during the first quarter. Wintrust Investments LLC now owns 8,522 shares of the aerospace company’s stock worth $3,876,000 after buying an additional 750 shares in the last quarter. Finally, Lindenwold Advisors INC lifted its stake in shares of Lockheed Martin by 0.9% in the 1st quarter. Lindenwold Advisors INC now owns 3,283 shares of the aerospace company’s stock valued at $1,493,000 after acquiring an additional 30 shares during the last quarter. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Down 0.2 %

Shares of Lockheed Martin stock traded down $1.08 during trading on Friday, reaching $474.92. 889,361 shares of the company traded hands, compared to its average volume of 968,782. Lockheed Martin Co. has a 1-year low of $393.77 and a 1-year high of $480.86. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.30 and a quick ratio of 1.11. The firm has a market capitalization of $113.95 billion, a PE ratio of 17.38, a P/E/G ratio of 4.48 and a beta of 0.46. The company has a 50 day moving average price of $465.50 and a 200-day moving average price of $452.15.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.80 by $0.53. The business had revenue of $17.20 billion during the quarter, compared to the consensus estimate of $16.04 billion. Lockheed Martin had a return on equity of 85.96% and a net margin of 9.73%. The company’s quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $6.43 EPS. As a group, equities research analysts expect that Lockheed Martin Co. will post 26.1 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Tuesday, September 3rd will be given a dividend of $3.15 per share. This represents a $12.60 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date of this dividend is Tuesday, September 3rd. Lockheed Martin’s payout ratio is currently 46.10%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on LMT shares. JPMorgan Chase & Co. raised Lockheed Martin from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $475.00 to $518.00 in a report on Monday, April 15th. UBS Group increased their price objective on Lockheed Martin from $482.00 to $499.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Wells Fargo & Company upped their price target on Lockheed Martin from $460.00 to $480.00 and gave the company an “equal weight” rating in a research report on Thursday, April 25th. The Goldman Sachs Group lowered their price objective on Lockheed Martin from $380.00 to $377.00 and set a “sell” rating for the company in a research report on Tuesday, April 23rd. Finally, StockNews.com raised shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 25th. One equities 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Lockheed Martin presently has a consensus rating of “Hold” and a consensus price target of $485.40.

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.