Alps Advisors Inc. Increases Stake in Lockheed Martin Corporation (NYSE:LMT)

Alps Advisors Inc. grew its stake in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 2.7% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 71,104 shares of the aerospace company's stock after acquiring an additional 1,896 shares during the period. Alps Advisors Inc.'s holdings in Lockheed Martin were worth $31,763,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. OMNI 360 Wealth Inc. raised its stake in shares of Lockheed Martin by 2.5% in the 1st quarter. OMNI 360 Wealth Inc. now owns 913 shares of the aerospace company's stock valued at $408,000 after acquiring an additional 22 shares during the period. 49 Wealth Management LLC raised its stake in shares of Lockheed Martin by 3.4% in the 1st quarter. 49 Wealth Management LLC now owns 661 shares of the aerospace company's stock valued at $295,000 after acquiring an additional 22 shares during the period. Private Portfolio Partners LLC raised its stake in shares of Lockheed Martin by 4.8% in the 4th quarter. Private Portfolio Partners LLC now owns 502 shares of the aerospace company's stock valued at $244,000 after acquiring an additional 23 shares during the period. Tealwood Asset Management Inc. raised its stake in shares of Lockheed Martin by 0.4% in the 1st quarter. Tealwood Asset Management Inc. now owns 5,728 shares of the aerospace company's stock valued at $2,559,000 after acquiring an additional 23 shares during the period. Finally, Southland Equity Partners LLC raised its stake in shares of Lockheed Martin by 3.1% in the 1st quarter. Southland Equity Partners LLC now owns 766 shares of the aerospace company's stock valued at $342,000 after acquiring an additional 23 shares during the period. 74.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on LMT shares. Melius downgraded shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Monday, March 24th. Jefferies Financial Group cut their target price on shares of Lockheed Martin from $510.00 to $500.00 and set a "hold" rating on the stock in a research note on Monday, April 28th. Melius Research downgraded shares of Lockheed Martin from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. UBS Group upped their target price on shares of Lockheed Martin from $481.00 to $499.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 23rd. Finally, Royal Bank Of Canada downgraded shares of Lockheed Martin from an "outperform" rating to a "sector perform" rating and dropped their price objective for the company from $550.00 to $480.00 in a research report on Thursday, March 27th. Ten analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $531.47.

Lockheed Martin Stock Performance

NYSE:LMT traded up $3.17 during trading hours on Friday, reaching $467.48. 1,208,544 shares of the company's stock were exchanged, compared to its average volume of 1,367,613. The firm has a market capitalization of $109.53 billion, a price-to-earnings ratio of 20.19, a P/E/G ratio of 1.63 and a beta of 0.28. The company has a 50-day moving average of $469.54 and a 200 day moving average of $465.01. The company has a quick ratio of 0.91, a current ratio of 1.08 and a debt-to-equity ratio of 2.79. Lockheed Martin Corporation has a 1-year low of $418.88 and a 1-year high of $618.95.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share for the quarter, topping analysts' consensus estimates of $6.34 by $0.94. The firm had revenue of $17.96 billion during the quarter, compared to analysts' expectations of $17.83 billion. Lockheed Martin had a net margin of 7.66% and a return on equity of 104.09%. Research analysts anticipate that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 2nd will be given a dividend of $3.30 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $13.20 dividend on an annualized basis and a yield of 2.82%. Lockheed Martin's payout ratio is currently 57.02%.

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.