ORG Partners LLC Sells 2,437 Shares of Lockheed Martin Corporation (NYSE:LMT)

ORG Partners LLC decreased its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 80.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 593 shares of the aerospace company’s stock after selling 2,437 shares during the period. ORG Partners LLC’s holdings in Lockheed Martin were worth $266,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Millstone Evans Group LLC bought a new position in Lockheed Martin in the 4th quarter worth $32,000. Mizuho Securities Co. Ltd. bought a new position in Lockheed Martin in the 4th quarter worth $34,000. Heck Capital Advisors LLC bought a new position in Lockheed Martin in the 4th quarter worth $35,000. Redwood Park Advisors LLC bought a new position in Lockheed Martin in the 4th quarter worth $40,000. Finally, Runnymede Capital Advisors Inc. bought a new position in Lockheed Martin in the 4th quarter worth $42,000. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

Lockheed Martin stock opened at $470.21 on Friday. The company has a debt-to-equity ratio of 2.79, a current ratio of 1.08 and a quick ratio of 0.91. Lockheed Martin Corporation has a 1-year low of $418.88 and a 1-year high of $618.95. The firm has a market capitalization of $110.17 billion, a P/E ratio of 20.31, a price-to-earnings-growth ratio of 1.63 and a beta of 0.29. The company’s 50-day moving average is $471.63 and its 200 day moving average is $468.59.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share for the quarter, topping analysts’ consensus estimates of $6.34 by $0.94. Lockheed Martin had a net margin of 7.66% and a return on equity of 104.09%. The company had revenue of $17.96 billion for the quarter, compared to analyst estimates of $17.83 billion. Research analysts forecast that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, June 2nd will be paid a $3.30 dividend. The ex-dividend date is Monday, June 2nd. This represents a $13.20 dividend on an annualized basis and a yield of 2.81%. Lockheed Martin’s dividend payout ratio is currently 57.02%.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Bank of America downgraded shares of Lockheed Martin from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $685.00 to $485.00 in a report on Monday, March 24th. UBS Group increased their price objective on shares of Lockheed Martin from $481.00 to $499.00 and gave the company a “neutral” rating in a report on Wednesday, April 23rd. Royal Bank Of Canada downgraded shares of Lockheed Martin from an “outperform” rating to a “sector perform” rating and dropped their price objective for the company from $550.00 to $480.00 in a report on Thursday, March 27th. Robert W. Baird raised shares of Lockheed Martin from a “neutral” rating to an “outperform” rating and set a $540.00 price objective for the company in a report on Wednesday, April 23rd. Finally, Wells Fargo & Company dropped their price objective on shares of Lockheed Martin from $476.00 to $432.00 and set an “equal weight” rating for the company in a report on Tuesday, April 8th. Nine investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $541.80.

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. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.