Macroview Investment Management LLC Buys Shares of 1,710 Lockheed Martin Corporation (NYSE:LMT)

Macroview Investment Management LLC bought a new position in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The fund bought 1,710 shares of the aerospace company's stock, valued at approximately $764,000.

A number of other institutional investors have also modified their holdings of LMT. Millstone Evans Group LLC purchased a new position in shares of Lockheed Martin during the 4th quarter valued at approximately $32,000. Mizuho Securities Co. Ltd. acquired a new stake in Lockheed Martin in the fourth quarter worth $34,000. Heck Capital Advisors LLC acquired a new stake in Lockheed Martin in the fourth quarter worth $35,000. Redwood Park Advisors LLC acquired a new stake in Lockheed Martin in the fourth quarter worth $40,000. Finally, Runnymede Capital Advisors Inc. bought a new position in shares of Lockheed Martin in the fourth quarter worth $42,000. Hedge funds and other institutional investors own 74.19% of the company's stock.

Lockheed Martin Stock Performance

Shares of NYSE:LMT traded up $0.76 during trading on Friday, hitting $463.31. 707,859 shares of the stock were exchanged, compared to its average volume of 1,357,690. Lockheed Martin Corporation has a 1-year low of $418.88 and a 1-year high of $618.95. The company has a market capitalization of $108.55 billion, a price-to-earnings ratio of 20.01, a price-to-earnings-growth ratio of 1.61 and a beta of 0.28. The company's fifty day simple moving average is $470.60 and its 200-day simple moving average is $465.69. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.91 and a current ratio of 1.08.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 EPS for the quarter, topping the consensus estimate of $6.34 by $0.94. Lockheed Martin had a return on equity of 104.09% and a net margin of 7.66%. The business had revenue of $17.96 billion during the quarter, compared to the consensus estimate of $17.83 billion. Sell-side analysts expect that Lockheed Martin Corporation will post 27.15 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 26th. Investors of record on Tuesday, September 2nd will be paid a dividend of $3.30 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.85%. Lockheed Martin's dividend payout ratio (DPR) is presently 57.02%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Morgan Stanley raised Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 price target for the company in a research note on Wednesday, April 16th. Jefferies Financial Group decreased their target price on Lockheed Martin from $510.00 to $500.00 and set a "hold" rating for the company in a research note on Monday, April 28th. Bank of America cut Lockheed Martin from a "buy" rating to a "neutral" rating and decreased their target price for the company from $685.00 to $485.00 in a research note on Monday, March 24th. Melius Research cut Lockheed Martin from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. Finally, Wells Fargo & Company decreased their target price on Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Nine research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Lockheed Martin currently has a consensus rating of "Moderate Buy" and a consensus price target of $541.80.

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.