Brookwood Investment Group LLC Purchases Shares of 1,422 Lockheed Martin Corporation (NYSE:LMT)

Key Points

• Brookwood Investment Group LLC has made a new investment in Lockheed Martin by acquiring 1,422 shares, valued at approximately $635,000.
• Recent analyst ratings include an upgrade to "overweight" with a price target of $575.00 from Morgan Stanley and various other adjustments, indicating a cautionary trend among analysts.
• Lockheed Martin has announced a quarterly dividend of $3.30 per share, with an annualized yield of 3.13%, to be paid on September 26th.

Brookwood Investment Group LLC acquired a new stake in Lockheed Martin Corporation (NYSE:LMT - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 1,422 shares of the aerospace company's stock, valued at approximately $635,000.

Several other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its stake in Lockheed Martin by 41,104.9% during the 1st quarter. GAMMA Investing LLC now owns 1,991,433 shares of the aerospace company's stock valued at $889,593,000 after purchasing an additional 1,986,600 shares in the last quarter. Castlekeep Investment Advisors LLC bought a new position in Lockheed Martin during the fourth quarter valued at about $526,587,000. Leigh Baldwin & CO. LLC bought a new position in Lockheed Martin during the fourth quarter valued at about $451,985,000. Capital Research Global Investors bought a new position in Lockheed Martin during the fourth quarter valued at about $229,987,000. Finally, Demars Financial Group LLC boosted its position in shares of Lockheed Martin by 47,002.5% during the 4th quarter. Demars Financial Group LLC now owns 433,343 shares of the aerospace company's stock valued at $210,579,000 after purchasing an additional 432,423 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on LMT. Morgan Stanley upgraded 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. Baird R W upgraded Lockheed Martin from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 23rd. Susquehanna reduced their price objective on Lockheed Martin from $550.00 to $490.00 and set a "positive" rating for the company in a research report on Wednesday. Wall Street Zen downgraded shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, Royal Bank Of Canada reduced their target price on Lockheed Martin from $480.00 to $440.00 and set a "sector perform" rating for the company in a report on Wednesday. Fifteen equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Lockheed Martin currently has an average rating of "Hold" and an average price target of $506.65.

Lockheed Martin Trading Up 0.2%

Shares of LMT stock traded up $1.05 on Friday, reaching $421.60. The company had a trading volume of 2,458,783 shares, compared to its average volume of 1,823,272. The company has a current ratio of 0.98, a quick ratio of 0.91 and a debt-to-equity ratio of 3.47. The stock has a market cap of $98.43 billion, a PE ratio of 23.74, a PEG ratio of 1.45 and a beta of 0.28. The company has a 50-day moving average of $465.80 and a 200-day moving average of $462.71. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $618.95.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 EPS for the quarter, beating the consensus estimate of $6.57 by $0.72. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The firm had revenue of $18.16 billion during the quarter, compared to the consensus estimate of $18.59 billion. During the same quarter in the prior year, the firm earned $7.11 earnings per share. The business's quarterly revenue was up .2% on a year-over-year basis. On average, equities analysts forecast that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 2nd will be issued a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date of this dividend is Tuesday, September 2nd. Lockheed Martin's dividend payout ratio (DPR) is presently 74.32%.

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