Inscription Capital LLC purchased a new stake in Lockheed Martin Corporation (NYSE:LMT - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor purchased 832 shares of the aerospace company's stock, valued at approximately $378,000.
Other hedge funds also recently added to or reduced their stakes in the company. Louisbourg Investments Inc. boosted its position in shares of Lockheed Martin by 30.6% in the first quarter. Louisbourg Investments Inc. now owns 175 shares of the aerospace company's stock worth $78,000 after buying an additional 41 shares during the period. Grove Bank & Trust raised its holdings in shares of Lockheed Martin by 14.8% during the 1st quarter. Grove Bank & Trust now owns 855 shares of the aerospace company's stock valued at $382,000 after buying an additional 110 shares during the period. Grimes & Company Inc. lifted its position in Lockheed Martin by 3.1% during the 1st quarter. Grimes & Company Inc. now owns 16,481 shares of the aerospace company's stock worth $7,362,000 after acquiring an additional 503 shares in the last quarter. Signature Wealth Management Group boosted its holdings in Lockheed Martin by 7.0% in the 1st quarter. Signature Wealth Management Group now owns 718 shares of the aerospace company's stock worth $321,000 after acquiring an additional 47 shares during the period. Finally, Stockman Wealth Management Inc. boosted its holdings in Lockheed Martin by 11.5% in the 1st quarter. Stockman Wealth Management Inc. now owns 20,609 shares of the aerospace company's stock worth $9,206,000 after acquiring an additional 2,127 shares during the period. 74.19% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of analysts have recently issued reports on the stock. Robert W. Baird upgraded shares of Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 price objective on the stock in a research note on Wednesday, April 23rd. Jefferies Financial Group lowered their price target on shares of Lockheed Martin from $510.00 to $500.00 and set a "hold" rating for the company in a report on Monday, April 28th. Morgan Stanley raised shares of Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 price target on the stock in a research note on Wednesday, April 16th. UBS Group upped their price objective on shares of Lockheed Martin from $481.00 to $499.00 and gave the company a "neutral" rating in a research report on Wednesday, April 23rd. Finally, Wall Street Zen downgraded Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research note on Saturday, May 3rd. Nine equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Lockheed Martin has an average rating of "Moderate Buy" and an average price target of $541.80.
Check Out Our Latest Analysis on LMT
Lockheed Martin Stock Performance
Shares of LMT stock opened at $478.91 on Wednesday. The stock has a market capitalization of $112.21 billion, a price-to-earnings ratio of 20.69, a PEG ratio of 1.63 and a beta of 0.29. Lockheed Martin Corporation has a one year low of $418.88 and a one year high of $618.95. The company's 50-day simple moving average is $471.55 and its 200-day simple moving average is $469.28. 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 announced its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $17.96 billion for the quarter, compared to analysts' expectations of $17.83 billion. Equities analysts anticipate that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.
Lockheed Martin Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Monday, June 2nd will be given a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a dividend yield of 2.76%. The ex-dividend date is Monday, June 2nd. Lockheed Martin's dividend payout ratio is currently 57.02%.
Lockheed Martin Profile
(
Free Report)
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.
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