Hodges Capital Management Inc. Has $535,000 Stake in Lockheed Martin Co. (LMT)

Hodges Capital Management Inc. lowered its position in Lockheed Martin Co. (NYSE:LMT) by 2.7% in the 1st quarter, Holdings Channel reports. The firm owned 1,783 shares of the aerospace company’s stock after selling 50 shares during the period. Hodges Capital Management Inc.’s holdings in Lockheed Martin were worth $535,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in LMT. Blue Fin Capital Inc. raised its holdings in shares of Lockheed Martin by 4.8% in the third quarter. Blue Fin Capital Inc. now owns 5,307 shares of the aerospace company’s stock valued at $1,836,000 after purchasing an additional 241 shares during the last quarter. Koshinski Asset Management Inc. raised its holdings in shares of Lockheed Martin by 86.9% in the third quarter. Koshinski Asset Management Inc. now owns 3,454 shares of the aerospace company’s stock valued at $1,195,000 after purchasing an additional 1,606 shares during the last quarter. Kentucky Retirement Systems purchased a new stake in shares of Lockheed Martin in the third quarter valued at about $3,302,000. Neuberger Berman Group LLC raised its holdings in shares of Lockheed Martin by 7.4% in the third quarter. Neuberger Berman Group LLC now owns 204,116 shares of the aerospace company’s stock valued at $70,617,000 after purchasing an additional 14,151 shares during the last quarter. Finally, B. Riley Wealth Management Inc. purchased a new stake in shares of Lockheed Martin in the third quarter valued at about $1,359,000. Institutional investors own 78.31% of the company’s stock.

NYSE LMT opened at $314.26 on Friday. Lockheed Martin Co. has a 52-week low of $241.18 and a 52-week high of $361.99. The company has a debt-to-equity ratio of 8.70, a current ratio of 1.12 and a quick ratio of 0.91. The stock has a market cap of $88.80 billion, a P/E ratio of 17.61, a P/E/G ratio of 2.28 and a beta of 1.01.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, January 29th. The aerospace company reported $4.39 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $4.39. The business had revenue of $14.41 billion during the quarter, compared to the consensus estimate of $13.75 billion. Lockheed Martin had a net margin of 9.39% and a return on equity of 726.78%. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter last year, the company posted ($2.25) earnings per share. On average, equities research analysts anticipate that Lockheed Martin Co. will post 19.46 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 1st were given a dividend of $2.20 per share. The ex-dividend date was Thursday, February 28th. This represents a $8.80 dividend on an annualized basis and a yield of 2.80%. Lockheed Martin’s dividend payout ratio is presently 49.30%.

A number of analysts recently issued reports on the stock. Jefferies Financial Group restated a “hold” rating and set a $313.00 price objective on shares of Lockheed Martin in a report on Tuesday, February 5th. Citigroup decreased their price objective on shares of Lockheed Martin from $400.00 to $338.00 and set a “buy” rating for the company in a report on Monday, January 14th. Vertical Group upgraded shares of Lockheed Martin from a “hold” rating to a “buy” rating in a report on Thursday, January 10th. ValuEngine downgraded shares of Lockheed Martin from a “hold” rating to a “sell” rating in a report on Tuesday, December 25th. Finally, Vertical Research upgraded shares of Lockheed Martin from a “hold” rating to a “buy” rating and set a $340.00 price objective for the company in a report on Thursday, January 10th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Lockheed Martin has an average rating of “Buy” and an average target price of $350.00.

In other Lockheed Martin news, insider Michele A. Evans sold 7,690 shares of the stock in a transaction dated Thursday, February 7th. The shares were sold at an average price of $298.78, for a total transaction of $2,297,618.20. Following the completion of the transaction, the insider now owns 7,690 shares in the company, valued at $2,297,618.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Brian P. Colan sold 4,000 shares of the stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of $304.56, for a total transaction of $1,218,240.00. Following the transaction, the vice president now owns 2,489 shares of the company’s stock, valued at approximately $758,049.84. The disclosure for this sale can be found here. Insiders have sold 85,186 shares of company stock valued at $26,010,927 in the last quarter. Company insiders own 0.35% of the company’s stock.

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Lockheed Martin Company 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. It operates through four segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.

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

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