CANADA LIFE ASSURANCE Co Sells 2,136 Shares of Lockheed Martin Co. (NYSE:LMT)

CANADA LIFE ASSURANCE Co trimmed its position in Lockheed Martin Co. (NYSE:LMT) by 3.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 63,642 shares of the aerospace company’s stock after selling 2,136 shares during the period. CANADA LIFE ASSURANCE Co’s holdings in Lockheed Martin were worth $28,957,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Hudock Inc. increased its stake in shares of Lockheed Martin by 1.3% in the 1st quarter. Hudock Inc. now owns 1,760 shares of the aerospace company’s stock worth $801,000 after acquiring an additional 22 shares in the last quarter. Norris Perne & French LLP MI boosted its position in shares of Lockheed Martin by 2.8% in the 4th quarter. Norris Perne & French LLP MI now owns 905 shares of the aerospace company’s stock worth $410,000 after purchasing an additional 25 shares in the last quarter. Genesee Capital Advisors LLC grew its stake in shares of Lockheed Martin by 2.8% in the 4th quarter. Genesee Capital Advisors LLC now owns 923 shares of the aerospace company’s stock worth $419,000 after buying an additional 25 shares during the last quarter. Hunter Associates Investment Management LLC increased its position in Lockheed Martin by 1.3% during the 4th quarter. Hunter Associates Investment Management LLC now owns 2,011 shares of the aerospace company’s stock valued at $912,000 after buying an additional 25 shares in the last quarter. Finally, Missouri Trust & Investment Co raised its stake in Lockheed Martin by 19.8% during the fourth quarter. Missouri Trust & Investment Co now owns 151 shares of the aerospace company’s stock valued at $68,000 after buying an additional 25 shares during the last quarter. Institutional investors own 74.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on LMT shares. Deutsche Bank Aktiengesellschaft increased their target price on Lockheed Martin from $487.00 to $540.00 and gave the stock a “hold” rating in a research note on Wednesday. TD Cowen upgraded shares of Lockheed Martin from a “hold” rating to a “buy” rating and raised their price objective for the company from $480.00 to $560.00 in a research note on Wednesday. UBS Group upped their target price on shares of Lockheed Martin from $511.00 to $538.00 and gave the stock a “neutral” rating in a research note on Wednesday. StockNews.com raised shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 25th. Finally, The Goldman Sachs Group lowered their price objective on Lockheed Martin from $380.00 to $377.00 and set a “sell” rating on the stock in a research report on Tuesday, April 23rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Lockheed Martin currently has a consensus rating of “Hold” and an average target price of $513.45.

Lockheed Martin Stock Performance

Shares of NYSE LMT traded up $7.70 during midday trading on Thursday, hitting $522.90. 1,196,514 shares of the stock traded hands, compared to its average volume of 1,079,638. The firm has a market capitalization of $125.46 billion, a P/E ratio of 19.11, a PEG ratio of 4.67 and a beta of 0.46. Lockheed Martin Co. has a one year low of $393.77 and a one year high of $526.69. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.11 and a current ratio of 1.30. The firm has a 50-day moving average of $467.28 and a two-hundred day moving average of $452.98.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, July 23rd. The aerospace company reported $7.11 earnings per share for the quarter, beating analysts’ consensus estimates of $6.45 by $0.66. The company had revenue of $18.12 billion for the quarter, compared to the consensus estimate of $17.05 billion. Lockheed Martin had a return on equity of 90.61% and a net margin of 9.48%. Lockheed Martin’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.73 earnings per share. On average, equities analysts forecast that Lockheed Martin Co. will post 26.43 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Tuesday, September 3rd will be given a dividend of $3.15 per share. The ex-dividend date is Tuesday, September 3rd. This represents a $12.60 annualized dividend and a yield of 2.41%. Lockheed Martin’s dividend payout ratio (DPR) is 46.10%.

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.