Webster Bank N. A. Sells 30 Shares of Lockheed Martin Co. (NYSE:LMT)

Webster Bank N. A. lowered its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 10.9% in the 1st quarter, Holdings Channel.com reports. The fund owned 246 shares of the aerospace company’s stock after selling 30 shares during the period. Webster Bank N. A.’s holdings in Lockheed Martin were worth $110,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of LMT. LaFleur & Godfrey LLC raised its stake in Lockheed Martin by 18.0% during the fourth quarter. LaFleur & Godfrey LLC now owns 1,156 shares of the aerospace company’s stock worth $562,000 after buying an additional 176 shares during the last quarter. Eagle Capital Management LLC raised its stake in Lockheed Martin by 0.3% during the fourth quarter. Eagle Capital Management LLC now owns 10,827 shares of the aerospace company’s stock worth $5,261,000 after buying an additional 32 shares during the last quarter. Brighton Jones LLC raised its stake in Lockheed Martin by 5.0% during the fourth quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock worth $1,941,000 after buying an additional 191 shares during the last quarter. Hudson Portfolio Management LLC bought a new position in Lockheed Martin during the fourth quarter worth $256,000. Finally, Gries Financial LLC raised its stake in Lockheed Martin by 7.2% during the fourth quarter. Gries Financial LLC now owns 743 shares of the aerospace company’s stock worth $361,000 after buying an additional 50 shares during the last quarter. Institutional investors own 74.19% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on LMT shares. Baird R W raised shares of Lockheed Martin from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 23rd. Jefferies Financial Group lowered their target price on shares of Lockheed Martin from $510.00 to $500.00 and set a “hold” rating for the company in a research note on Monday, April 28th. Bank of America cut shares of Lockheed Martin from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $685.00 to $485.00 in a report on Monday, March 24th. Melius Research cut shares of Lockheed Martin from a “strong-buy” rating to a “hold” rating in a report on Monday, March 24th. Finally, Wall Street Zen cut shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 3rd. Nine equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $541.80.

Lockheed Martin Stock Up 1.6%

Shares of NYSE LMT opened at $481.30 on Friday. The stock has a market capitalization of $112.77 billion, a P/E ratio of 21.62, a P/E/G ratio of 2.07 and a beta of 0.29. The company has a 50-day moving average price of $464.02 and a 200-day moving average price of $474.48. Lockheed Martin Co. has a 1 year low of $418.88 and a 1 year high of $618.95. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.34 by $0.94. The firm had revenue of $17.96 billion during the quarter, compared to analysts’ expectations of $17.83 billion. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. On average, equities research analysts forecast that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Monday, June 2nd will be issued a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date is Monday, June 2nd. Lockheed Martin’s dividend payout ratio is currently 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.