Meadow Creek Wealth Advisors LLC Sells 326 Shares of Lockheed Martin Co. (NYSE:LMT)

Meadow Creek Wealth Advisors LLC reduced its stake in shares of Lockheed Martin Co. (NYSE:LMTGet Rating) by 32.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 671 shares of the aerospace company’s stock after selling 326 shares during the quarter. Meadow Creek Wealth Advisors LLC’s holdings in Lockheed Martin were worth $296,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in LMT. Western Pacific Wealth Management LP purchased a new stake in shares of Lockheed Martin in the fourth quarter valued at approximately $25,000. Counterpoint Mutual Funds LLC acquired a new position in shares of Lockheed Martin during the fourth quarter worth $27,000. TAP Consulting LLC acquired a new position in shares of Lockheed Martin during the fourth quarter worth $31,000. PARK CIRCLE Co acquired a new position in shares of Lockheed Martin during the fourth quarter worth $36,000. Finally, Horan Securities Inc. acquired a new position in shares of Lockheed Martin during the fourth quarter worth $42,000. 78.89% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director John Donovan acquired 568 shares of the firm’s stock in a transaction dated Thursday, April 21st. The stock was acquired at an average cost of $440.55 per share, with a total value of $250,232.40. Following the transaction, the director now owns 568 shares in the company, valued at $250,232.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.17% of the stock is currently owned by insiders.

LMT has been the topic of several recent analyst reports. Wolfe Research raised shares of Lockheed Martin from a “peer perform” rating to an “outperform” rating and set a $467.00 target price on the stock in a research note on Monday, February 28th. Susquehanna Bancshares raised their price target on shares of Lockheed Martin from $515.00 to $539.00 in a research note on Wednesday, April 20th. Argus raised their price target on shares of Lockheed Martin from $415.00 to $500.00 in a research note on Wednesday, April 20th. Susquehanna raised their price target on shares of Lockheed Martin from $515.00 to $539.00 in a research note on Wednesday, April 20th. Finally, StockNews.com lowered shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 25th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Lockheed Martin currently has a consensus rating of “Hold” and an average price target of $448.86.

Lockheed Martin stock opened at $415.45 on Thursday. Lockheed Martin Co. has a fifty-two week low of $324.23 and a fifty-two week high of $479.99. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.07 and a current ratio of 1.27. The firm has a 50 day moving average price of $438.15 and a 200 day moving average price of $411.54. The company has a market capitalization of $110.56 billion, a PE ratio of 18.35, a price-to-earnings-growth ratio of 2.75 and a beta of 0.76.

Lockheed Martin (NYSE:LMTGet Rating) last issued its quarterly earnings results on Tuesday, April 19th. The aerospace company reported $6.44 EPS for the quarter, beating the consensus estimate of $6.22 by $0.22. Lockheed Martin had a net margin of 9.45% and a return on equity of 81.35%. The company had revenue of $14.96 billion during the quarter, compared to analysts’ expectations of $15.49 billion. During the same quarter last year, the company posted $6.56 EPS. The firm’s revenue was down 8.0% compared to the same quarter last year. As a group, equities research analysts forecast that Lockheed Martin Co. will post 26.84 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 24th. Stockholders of record on Wednesday, June 1st will be given a dividend of $2.80 per share. The ex-dividend date of this dividend is Tuesday, May 31st. This represents a $11.20 annualized dividend and a dividend yield of 2.70%. Lockheed Martin’s dividend payout ratio (DPR) is currently 49.47%.

Lockheed Martin Company Profile (Get Rating)

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.

Featured Stories

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

Receive News & Ratings for Lockheed Martin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lockheed Martin and related companies with MarketBeat.com's FREE daily email newsletter.