111 Capital Takes Position in Lockheed Martin Co. (NYSE:LMT)

111 Capital acquired a new stake in Lockheed Martin Co. (NYSE:LMT - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 2,376 shares of the aerospace company's stock, valued at approximately $1,155,000.

Several other hedge funds also recently modified their holdings of LMT. Proficio Capital Partners LLC increased its stake in shares of Lockheed Martin by 53,784.3% in the 4th quarter. Proficio Capital Partners LLC now owns 1,235,568 shares of the aerospace company's stock valued at $600,412,000 after acquiring an additional 1,233,275 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Lockheed Martin by 17.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 7,471,071 shares of the aerospace company's stock valued at $3,630,492,000 after purchasing an additional 1,132,461 shares during the period. Castlekeep Investment Advisors LLC acquired a new stake in Lockheed Martin in the 4th quarter valued at $526,587,000. Leigh Baldwin & CO. LLC acquired a new stake in Lockheed Martin in the 4th quarter valued at $451,985,000. Finally, Van ECK Associates Corp grew its position in Lockheed Martin by 1,239.6% in the 4th quarter. Van ECK Associates Corp now owns 548,237 shares of the aerospace company's stock valued at $266,410,000 after purchasing an additional 507,312 shares during the period. Institutional investors own 74.19% of the company's stock.

Wall Street Analysts Forecast Growth

LMT has been the subject of several research reports. Morgan Stanley raised shares of Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 price target for the company in a research report on Wednesday, April 16th. Robert W. Baird raised shares of Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 price target for the company in a research report on Wednesday, April 23rd. Royal Bank of Canada downgraded shares of Lockheed Martin from an "outperform" rating to a "sector perform" rating and reduced their price target for the company from $550.00 to $480.00 in a research report on Thursday, March 27th. Bank of America downgraded shares of Lockheed Martin from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $685.00 to $485.00 in a report on Monday, March 24th. Finally, Susquehanna cut their price objective on shares of Lockheed Martin from $590.00 to $550.00 and set a "positive" rating on the stock in a report on Wednesday, January 29th. Nine research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Lockheed Martin has a consensus rating of "Moderate Buy" and an average price target of $541.80.

Lockheed Martin Stock Performance

Shares of NYSE LMT traded up $3.68 during mid-day trading on Thursday, reaching $473.66. 850,929 shares of the company's stock were exchanged, compared to its average volume of 1,295,032. The firm has a market capitalization of $110.98 billion, a price-to-earnings ratio of 21.28, a price-to-earnings-growth ratio of 2.07 and a beta of 0.29. Lockheed Martin Co. has a 52 week low of $418.88 and a 52 week high of $618.95. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95. The firm has a 50-day moving average price of $462.47 and a two-hundred day moving average price of $475.74.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 EPS for the quarter, topping analysts' consensus estimates of $6.34 by $0.94. The company had revenue of $17.96 billion for the quarter, compared to analysts' expectations of $17.83 billion. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. Analysts predict that Lockheed Martin Co. will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Monday, June 2nd will be paid a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date of this dividend is Monday, June 2nd. Lockheed Martin's dividend payout ratio is currently 57.02%.

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.