Alpine Bank Wealth Management Invests $577,000 in Lockheed Martin Corporation (NYSE:LMT)

Alpine Bank Wealth Management bought a new position in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,292 shares of the aerospace company's stock, valued at approximately $577,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. HBK Sorce Advisory LLC lifted its position in Lockheed Martin by 1.3% during the 1st quarter. HBK Sorce Advisory LLC now owns 17,563 shares of the aerospace company's stock valued at $7,845,000 after purchasing an additional 231 shares during the period. Golden State Wealth Management LLC lifted its position in Lockheed Martin by 97.7% in the 1st quarter. Golden State Wealth Management LLC now owns 5,412 shares of the aerospace company's stock valued at $2,418,000 after acquiring an additional 2,674 shares in the last quarter. Mattern Capital Management LLC boosted its position in Lockheed Martin by 4.0% during the 1st quarter. Mattern Capital Management LLC now owns 20,331 shares of the aerospace company's stock worth $9,082,000 after acquiring an additional 785 shares during the last quarter. Global Assets Advisory LLC bought a new position in Lockheed Martin in the first quarter valued at $2,636,000. Finally, Archford Capital Strategies LLC grew its stake in Lockheed Martin by 30.1% in the first quarter. Archford Capital Strategies LLC now owns 8,559 shares of the aerospace company's stock valued at $3,823,000 after purchasing an additional 1,980 shares in the last quarter. Institutional investors own 74.19% of the company's stock.

Lockheed Martin Trading Down 0.0%

Shares of NYSE LMT traded down $0.16 during midday trading on Thursday, reaching $458.23. The company had a trading volume of 1,589,017 shares, compared to its average volume of 1,352,553. The company has a quick ratio of 0.91, a current ratio of 1.08 and a debt-to-equity ratio of 2.79. The firm's fifty day moving average price is $471.01 and its 200-day moving average price is $467.51. The stock has a market cap of $107.36 billion, a PE ratio of 19.79, a price-to-earnings-growth ratio of 1.60 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.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued 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. The company had revenue of $17.96 billion for the quarter, compared to the consensus estimate of $17.83 billion. Lockheed Martin had a net margin of 7.66% and a return on equity of 104.09%. On average, equities research analysts anticipate that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 2nd will be given a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a dividend yield of 2.88%. The ex-dividend date of this dividend is Tuesday, September 2nd. Lockheed Martin's dividend payout ratio is currently 57.02%.

Wall Street Analysts Forecast Growth

LMT has been the subject of several research analyst reports. Melius Research downgraded Lockheed Martin from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. 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 report on Wednesday, April 23rd. Wall Street Zen lowered shares of Lockheed Martin from a "strong-buy" rating to a "buy" rating in a report on Saturday, May 3rd. Morgan Stanley raised shares of 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. Finally, Royal Bank Of Canada cut shares of Lockheed Martin from an "outperform" rating to a "sector perform" rating and cut their price target for the company 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 issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Lockheed Martin currently has an average rating of "Moderate Buy" and a consensus 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.