Alpha Cubed Investments LLC Boosts Stock Position in Lockheed Martin Corporation (NYSE:LMT)

Alpha Cubed Investments LLC boosted its position in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 1.9% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 30,233 shares of the aerospace company's stock after acquiring an additional 573 shares during the period. Alpha Cubed Investments LLC's holdings in Lockheed Martin were worth $13,505,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Private Portfolio Partners LLC grew its holdings in Lockheed Martin by 4.8% in the fourth quarter. Private Portfolio Partners LLC now owns 502 shares of the aerospace company's stock valued at $244,000 after purchasing an additional 23 shares during the period. Tealwood Asset Management Inc. grew its holdings in Lockheed Martin by 0.4% in the first quarter. Tealwood Asset Management Inc. now owns 5,728 shares of the aerospace company's stock valued at $2,559,000 after purchasing an additional 23 shares during the period. Southland Equity Partners LLC grew its holdings in Lockheed Martin by 3.1% in the first quarter. Southland Equity Partners LLC now owns 766 shares of the aerospace company's stock valued at $342,000 after purchasing an additional 23 shares during the period. Nvest Financial LLC grew its holdings in Lockheed Martin by 0.6% in the first quarter. Nvest Financial LLC now owns 3,621 shares of the aerospace company's stock valued at $1,617,000 after purchasing an additional 23 shares during the period. Finally, Reston Wealth Management LLC grew its holdings in Lockheed Martin by 4.5% in the first quarter. Reston Wealth Management LLC now owns 533 shares of the aerospace company's stock valued at $238,000 after purchasing an additional 23 shares during the period. 74.19% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have commented on LMT shares. Jefferies Financial Group dropped their price objective on Lockheed Martin from $510.00 to $500.00 and set a "hold" rating on the stock in a report on Monday, April 28th. Wells Fargo & Company dropped their price objective on Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Baird R W raised Lockheed Martin from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 23rd. Robert W. Baird raised Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 price target on the stock in a research note on Wednesday, April 23rd. Finally, Morgan Stanley raised 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. Nine analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Lockheed Martin presently has a consensus rating of "Moderate Buy" and an average target price of $541.80.

Lockheed Martin Trading Up 1.4%

Shares of NYSE LMT traded up $6.42 during mid-day trading on Monday, reaching $468.94. 1,223,396 shares of the company's stock were exchanged, compared to its average volume of 1,357,155. The company's 50-day moving average is $470.60 and its 200-day moving average is $465.47. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.91 and a current ratio of 1.08. The firm has a market capitalization of $109.87 billion, a price-to-earnings ratio of 20.26, a PEG ratio of 1.61 and a beta of 0.28. Lockheed Martin Corporation has a 52-week low of $418.88 and a 52-week high of $618.95.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued 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. The firm had revenue of $17.96 billion for the quarter, compared to analyst estimates of $17.83 billion. Lockheed Martin had a net margin of 7.66% and a return on equity of 104.09%. Analysts expect that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

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 issued a $3.30 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $13.20 annualized dividend and a yield of 2.81%. Lockheed Martin's dividend payout ratio (DPR) is currently 57.02%.

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.