Coldstream Capital Management Inc. cut its stake in Lockheed Martin Co. (NYSE:LMT) by 7.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 919 shares of the aerospace company’s stock after selling 69 shares during the period. Coldstream Capital Management Inc.’s holdings in Lockheed Martin were worth $311,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Capital International Investors grew its position in Lockheed Martin by 18.6% in the fourth quarter. Capital International Investors now owns 2,230,612 shares of the aerospace company’s stock worth $868,556,000 after buying an additional 350,205 shares during the last quarter. GQG Partners LLC grew its holdings in shares of Lockheed Martin by 68.2% in the 4th quarter. GQG Partners LLC now owns 630,783 shares of the aerospace company’s stock worth $245,737,000 after acquiring an additional 255,687 shares during the last quarter. Capital World Investors raised its position in shares of Lockheed Martin by 1.5% during the first quarter. Capital World Investors now owns 17,207,412 shares of the aerospace company’s stock worth $5,832,471,000 after purchasing an additional 252,054 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Lockheed Martin by 444.0% during the fourth quarter. Renaissance Technologies LLC now owns 239,300 shares of the aerospace company’s stock valued at $93,179,000 after purchasing an additional 195,309 shares during the last quarter. Finally, NorthRock Partners LLC boosted its position in shares of Lockheed Martin by 9,334.9% in the 4th quarter. NorthRock Partners LLC now owns 149,260 shares of the aerospace company’s stock valued at $709,000 after purchasing an additional 147,678 shares during the period. Institutional investors and hedge funds own 82.00% of the company’s stock.

NYSE LMT traded down $0.98 during trading on Friday, reaching $361.84. The company’s stock had a trading volume of 343,894 shares, compared to its average volume of 1,703,720. The company has a current ratio of 1.23, a quick ratio of 1.00 and a debt-to-equity ratio of 3.28. The stock has a market capitalization of $100.91 billion, a PE ratio of 16.55, a PEG ratio of 2.16 and a beta of 0.96. Lockheed Martin Co. has a 1-year low of $266.11 and a 1-year high of $442.53. The business has a 50-day moving average price of $380.79 and a 200-day moving average price of $387.19.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, April 21st. The aerospace company reported $6.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.80 by $0.28. The business had revenue of $15.65 billion during the quarter, compared to analyst estimates of $15.07 billion. Lockheed Martin had a net margin of 10.21% and a return on equity of 185.10%. Lockheed Martin’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.99 EPS. As a group, analysts expect that Lockheed Martin Co. will post 24.05 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Tuesday, September 1st will be given a $2.40 dividend. This represents a $9.60 dividend on an annualized basis and a dividend yield of 2.65%. Lockheed Martin’s dividend payout ratio is currently 43.74%.

A number of analysts have commented on the stock. Argus reduced their price objective on shares of Lockheed Martin from $475.00 to $425.00 and set a “buy” rating for the company in a research note on Wednesday, April 22nd. They noted that the move was a valuation call. UBS Group decreased their price objective on shares of Lockheed Martin from $482.00 to $475.00 and set a “buy” rating for the company in a research note on Thursday, June 11th. Cowen assumed coverage on Lockheed Martin in a research report on Tuesday, April 21st. They issued a “buy” rating and a $410.00 target price for the company. DZ Bank upgraded Lockheed Martin from a “hold” rating to a “buy” rating and set a $360.00 price target on the stock in a report on Wednesday, March 25th. Finally, Credit Suisse Group reduced their price objective on Lockheed Martin from $435.00 to $433.00 and set a “neutral” rating for the company in a research note on Wednesday, April 22nd. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $439.31.

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 (MFC), Rotary and Mission Systems (RMS), and Space.

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

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