Meadow Creek Wealth Advisors LLC decreased its position in Lockheed Martin Co. (NYSE:LMT – Get Rating) by 32.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 671 shares of the aerospace company’s stock after selling 326 shares during the period. Meadow Creek Wealth Advisors LLC’s holdings in Lockheed Martin were worth $296,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Western Pacific Wealth Management LP purchased a new stake in Lockheed Martin during the fourth quarter worth $25,000. Counterpoint Mutual Funds LLC purchased a new stake in Lockheed Martin during the fourth quarter worth $27,000. TAP Consulting LLC purchased a new stake in Lockheed Martin during the fourth quarter worth $31,000. PARK CIRCLE Co purchased a new stake in Lockheed Martin during the fourth quarter worth $36,000. Finally, Horan Securities Inc. purchased a new stake in Lockheed Martin during the fourth quarter worth $42,000. Hedge funds and other institutional investors own 78.89% of the company’s stock.
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.
Shares of NYSE LMT opened at $415.45 on Thursday. The company has a 50 day simple moving average of $438.15 and a 200-day simple moving average of $411.54. The company has a market capitalization of $110.56 billion, a P/E ratio of 18.35, a P/E/G ratio of 2.75 and a beta of 0.76. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.27 and a quick ratio of 1.07. Lockheed Martin Co. has a 1 year low of $324.23 and a 1 year high of $479.99.
Lockheed Martin (NYSE:LMT – Get Rating) last posted its earnings results on Tuesday, April 19th. The aerospace company reported $6.44 earnings per share 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 firm had revenue of $14.96 billion during the quarter, compared to the consensus estimate of $15.49 billion. During the same quarter last year, the firm earned $6.56 EPS. The firm’s revenue for the quarter was down 8.0% on a year-over-year basis. As a group, research analysts expect that Lockheed Martin Co. will post 26.84 EPS 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.
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