Allied Investment Advisors LLC Purchases 1,829 Shares of Lockheed Martin Co. (NYSE:LMT)

Allied Investment Advisors LLC raised its holdings in Lockheed Martin Co. (NYSE:LMT - Free Report) by 9.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,544 shares of the aerospace company's stock after acquiring an additional 1,829 shares during the quarter. Allied Investment Advisors LLC's holdings in Lockheed Martin were worth $9,177,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Millstone Evans Group LLC purchased a new stake in Lockheed Martin during the fourth quarter valued at about $32,000. Mizuho Securities Co. Ltd. purchased a new stake in Lockheed Martin during the fourth quarter valued at about $34,000. Heck Capital Advisors LLC purchased a new stake in Lockheed Martin during the fourth quarter valued at about $35,000. Redwood Park Advisors LLC purchased a new stake in Lockheed Martin during the fourth quarter valued at about $40,000. Finally, Runnymede Capital Advisors Inc. purchased a new stake in Lockheed Martin during the fourth quarter valued at about $42,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Price Performance

Shares of Lockheed Martin stock traded down $3.63 during trading on Monday, reaching $478.75. The company's stock had a trading volume of 1,154,195 shares, compared to its average volume of 1,297,209. The stock has a market capitalization of $112.17 billion, a P/E ratio of 21.51, 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 company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10. The stock has a 50-day moving average price of $464.02 and a two-hundred day moving average price of $473.45.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 EPS for the quarter, beating analysts' consensus estimates of $6.34 by $0.94. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. The company had revenue of $17.96 billion during the quarter, compared to analysts' expectations of $17.83 billion. As a group, sell-side analysts anticipate that Lockheed Martin Co. 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, June 27th. Stockholders of record on Monday, June 2nd will be issued a $3.30 dividend. 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 payout ratio is presently 57.02%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Baird R W raised shares of Lockheed Martin from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 23rd. Melius lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Monday, March 24th. UBS Group increased their price target on shares of Lockheed Martin from $481.00 to $499.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 23rd. Wells Fargo & Company reduced their price target on shares of Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Finally, Royal Bank of Canada lowered shares of Lockheed Martin from an "outperform" rating to a "sector perform" rating and reduced their price target for the stock from $550.00 to $480.00 in a research report on Thursday, March 27th. Nine 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. Based on data from MarketBeat, Lockheed Martin has an average rating of "Moderate Buy" and an average target price 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.