Park Place Capital Corp Sells 88 Shares of Lockheed Martin Co. (NYSE:LMT)

Park Place Capital Corp trimmed its position in shares of Lockheed Martin Co. (NYSE:LMT) by 4.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,804 shares of the aerospace company’s stock after selling 88 shares during the quarter. Park Place Capital Corp’s holdings in Lockheed Martin were worth $821,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Rehmann Capital Advisory Group lifted its position in shares of Lockheed Martin by 5.3% during the third quarter. Rehmann Capital Advisory Group now owns 3,975 shares of the aerospace company’s stock worth $1,626,000 after purchasing an additional 200 shares in the last quarter. Waverly Advisors LLC lifted its position in shares of Lockheed Martin by 3.8% during the third quarter. Waverly Advisors LLC now owns 1,177 shares of the aerospace company’s stock worth $481,000 after purchasing an additional 43 shares in the last quarter. Hodges Capital Management Inc. acquired a new position in shares of Lockheed Martin during the third quarter worth approximately $369,000. Quadrature Capital Ltd lifted its position in shares of Lockheed Martin by 186.5% during the third quarter. Quadrature Capital Ltd now owns 76,299 shares of the aerospace company’s stock worth $31,207,000 after purchasing an additional 49,669 shares in the last quarter. Finally, Insigneo Advisory Services LLC lifted its position in shares of Lockheed Martin by 2.5% during the third quarter. Insigneo Advisory Services LLC now owns 4,124 shares of the aerospace company’s stock worth $1,687,000 after purchasing an additional 102 shares in the last quarter. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Trading Down 0.1 %

LMT traded down $0.66 during mid-day trading on Monday, hitting $466.44. The stock had a trading volume of 562,385 shares, compared to its average volume of 1,094,605. The stock’s fifty day simple moving average is $464.84 and its 200-day simple moving average is $450.33. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.30 and a quick ratio of 1.11. The firm has a market capitalization of $111.92 billion, a price-to-earnings ratio of 17.07, a price-to-earnings-growth ratio of 4.40 and a beta of 0.46. Lockheed Martin Co. has a 1-year low of $393.77 and a 1-year high of $479.50.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share for the quarter, topping the consensus estimate of $5.80 by $0.53. Lockheed Martin had a net margin of 9.73% and a return on equity of 85.96%. The company had revenue of $17.20 billion for the quarter, compared to analyst estimates of $16.04 billion. During the same period last year, the business posted $6.43 earnings per share. The business’s revenue for the quarter was up 13.7% compared to the same quarter last year. As a group, research analysts forecast that Lockheed Martin Co. will post 26.17 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Tuesday, September 3rd will be issued a dividend of $3.15 per share. The ex-dividend date is Tuesday, September 3rd. This represents a $12.60 dividend on an annualized basis and a dividend yield of 2.70%. Lockheed Martin’s payout ratio is 46.10%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Citigroup upped their target price on shares of Lockheed Martin from $508.00 to $525.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. UBS Group increased their price objective on shares of Lockheed Martin from $482.00 to $499.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. JPMorgan Chase & Co. upgraded shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $475.00 to $518.00 in a report on Monday, April 15th. StockNews.com upgraded shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 25th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Lockheed Martin from $467.00 to $487.00 and gave the company a “hold” rating in a report on Thursday, April 25th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Lockheed Martin currently has an average rating of “Hold” and a consensus price target of $485.40.

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.