Healthcare of Ontario Pension Plan Trust Fund Sells 28,000 Shares of Lockheed Martin Co. (NYSE:LMT)

Healthcare of Ontario Pension Plan Trust Fund decreased its stake in Lockheed Martin Co. (NYSE:LMT) by 92.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,149 shares of the aerospace company’s stock after selling 28,000 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Lockheed Martin were worth $978,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Hudock Inc. grew its position in Lockheed Martin by 1.3% during the 1st quarter. Hudock Inc. now owns 1,760 shares of the aerospace company’s stock worth $801,000 after acquiring an additional 22 shares during the last quarter. Norris Perne & French LLP MI boosted its holdings in shares of Lockheed Martin by 2.8% during the 4th quarter. Norris Perne & French LLP MI now owns 905 shares of the aerospace company’s stock worth $410,000 after buying an additional 25 shares in the last quarter. Genesee Capital Advisors LLC increased its stake in Lockheed Martin by 2.8% in the fourth quarter. Genesee Capital Advisors LLC now owns 923 shares of the aerospace company’s stock valued at $419,000 after purchasing an additional 25 shares in the last quarter. Hunter Associates Investment Management LLC raised its stake in Lockheed Martin by 1.3% during the 4th quarter. Hunter Associates Investment Management LLC now owns 2,011 shares of the aerospace company’s stock worth $912,000 after buying an additional 25 shares during the period. Finally, Missouri Trust & Investment Co raised its position in shares of Lockheed Martin by 19.8% during the fourth quarter. Missouri Trust & Investment Co now owns 151 shares of the aerospace company’s stock worth $68,000 after purchasing an additional 25 shares during the period. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

LMT traded up $6.20 during midday trading on Thursday, reaching $521.40. The company had a trading volume of 1,918,858 shares, compared to its average volume of 1,085,198. The business has a 50-day moving average price of $467.28 and a two-hundred day moving average price of $452.98. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.11 and a current ratio of 1.30. Lockheed Martin Co. has a 12-month low of $393.77 and a 12-month high of $526.58. The stock has a market cap of $125.10 billion, a PE ratio of 19.11, a P/E/G ratio of 4.67 and a beta of 0.46.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, July 23rd. The aerospace company reported $7.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.45 by $0.66. The business had revenue of $18.12 billion during the quarter, compared to the consensus estimate of $17.05 billion. Lockheed Martin had a return on equity of 90.61% and a net margin of 9.48%. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period last year, the business posted $6.73 earnings per share. On average, sell-side analysts expect that Lockheed Martin Co. will post 26.43 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Tuesday, September 3rd will be given a $3.15 dividend. The ex-dividend date is Tuesday, September 3rd. This represents a $12.60 dividend on an annualized basis and a dividend yield of 2.42%. Lockheed Martin’s dividend payout ratio (DPR) is currently 46.10%.

Wall Street Analyst Weigh In

LMT has been the subject of a number of analyst reports. Susquehanna lifted their price objective on shares of Lockheed Martin from $540.00 to $565.00 and gave the company a “positive” rating in a report on Wednesday. UBS Group lifted their price target on Lockheed Martin from $511.00 to $538.00 and gave the company a “neutral” rating in a research note on Wednesday. Wells Fargo & Company increased their price objective on Lockheed Martin from $483.00 to $525.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Royal Bank of Canada lifted their target price on Lockheed Martin from $470.00 to $500.00 and gave the company a “sector perform” rating in a research report on Wednesday. Finally, Citigroup increased their price target on Lockheed Martin from $508.00 to $525.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $513.45.

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.