929 Shares in Lockheed Martin Co. (NYSE:LMT) Bought by Fermata Advisors LLC

Fermata Advisors LLC bought a new position in Lockheed Martin Co. (NYSE:LMT - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 929 shares of the aerospace company's stock, valued at approximately $415,000.

Other large investors have also made changes to their positions in the company. Naples Global Advisors LLC raised its position in Lockheed Martin by 3.7% in the first quarter. Naples Global Advisors LLC now owns 13,703 shares of the aerospace company's stock valued at $6,121,000 after purchasing an additional 484 shares during the period. Secure Asset Management LLC raised its position in Lockheed Martin by 21.0% in the first quarter. Secure Asset Management LLC now owns 5,173 shares of the aerospace company's stock valued at $2,311,000 after purchasing an additional 899 shares during the period. Portside Wealth Group LLC raised its position in Lockheed Martin by 10.9% in the first quarter. Portside Wealth Group LLC now owns 1,652 shares of the aerospace company's stock valued at $803,000 after purchasing an additional 162 shares during the period. Firethorn Wealth Partners LLC raised its position in Lockheed Martin by 8.3% in the first quarter. Firethorn Wealth Partners LLC now owns 760 shares of the aerospace company's stock valued at $340,000 after purchasing an additional 58 shares during the period. Finally, Financial Advisory Partners LLC raised its position in Lockheed Martin by 5.5% in the first quarter. Financial Advisory Partners LLC now owns 7,388 shares of the aerospace company's stock valued at $3,300,000 after purchasing an additional 387 shares during the period. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Stock Down 1.0%

NYSE:LMT opened at $477.57 on Friday. The company has a market capitalization of $111.89 billion, a price-to-earnings ratio of 21.45, a price-to-earnings-growth ratio of 2.07 and a beta of 0.29. Lockheed Martin Co. has a one year low of $418.88 and a one year high of $618.95. The stock has a 50-day simple moving average of $466.90 and a 200 day simple moving average of $472.81. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its quarterly 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 business had revenue of $17.96 billion during the quarter, compared to the consensus estimate of $17.83 billion. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. Sell-side analysts predict that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

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 paid a $3.30 dividend. The ex-dividend date is Monday, June 2nd. This represents a $13.20 dividend on an annualized basis and a yield of 2.76%. Lockheed Martin's dividend payout ratio (DPR) is 57.02%.

Analyst Upgrades and Downgrades

Several research firms have commented on LMT. Melius lowered Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Monday, March 24th. Morgan Stanley raised Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 price objective on the stock in a research report on Wednesday, April 16th. Royal Bank of Canada downgraded Lockheed Martin from an "outperform" rating to a "sector perform" rating and lowered their target price for the company from $550.00 to $480.00 in a research note on Thursday, March 27th. Bank of America downgraded Lockheed Martin from a "buy" rating to a "neutral" rating and lowered their target price for the company from $685.00 to $485.00 in a research note on Monday, March 24th. Finally, Robert W. Baird upgraded Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 target price for the company in a research note on Wednesday, April 23rd. Nine equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $541.80.

Lockheed Martin 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.

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