Alta Capital Management LLC Acquires 958 Shares of Lockheed Martin Corporation (NYSE:LMT)

Alta Capital Management LLC increased its stake in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 13.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,046 shares of the aerospace company's stock after acquiring an additional 958 shares during the period. Alta Capital Management LLC's holdings in Lockheed Martin were worth $3,594,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Aquatic Capital Management LLC acquired a new position in Lockheed Martin during the 4th quarter worth approximately $33,294,000. State of Wyoming lifted its position in shares of Lockheed Martin by 93.9% during the fourth quarter. State of Wyoming now owns 1,113 shares of the aerospace company's stock worth $541,000 after purchasing an additional 539 shares in the last quarter. Treasurer of the State of North Carolina lifted its position in shares of Lockheed Martin by 3.9% during the fourth quarter. Treasurer of the State of North Carolina now owns 102,674 shares of the aerospace company's stock worth $49,893,000 after purchasing an additional 3,809 shares in the last quarter. American National Bank & Trust lifted its holdings in Lockheed Martin by 2.3% in the 1st quarter. American National Bank & Trust now owns 38,842 shares of the aerospace company's stock worth $17,351,000 after buying an additional 866 shares in the last quarter. Finally, BankPlus Trust Department acquired a new position in Lockheed Martin in the 4th quarter worth $2,891,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently commented on LMT shares. Royal Bank Of Canada cut 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. Morgan Stanley raised shares of Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 target price on the stock in a report on Wednesday, April 16th. Wells Fargo & Company dropped their price objective on shares of Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. UBS Group increased their target price on Lockheed Martin from $481.00 to $499.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 23rd. Finally, Robert W. Baird raised shares of Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 price objective on the stock in a report on Wednesday, April 23rd. Nine equities research 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 currently has an average rating of "Moderate Buy" and an average price target of $541.80.

Lockheed Martin Stock Up 0.3%

Shares of Lockheed Martin stock traded up $1.61 during trading on Friday, reaching $470.21. The stock had a trading volume of 2,416,865 shares, compared to its average volume of 1,346,764. The company has a current ratio of 1.08, a quick ratio of 0.91 and a debt-to-equity ratio of 2.79. The company has a market capitalization of $110.17 billion, a price-to-earnings ratio of 20.31, a P/E/G ratio of 1.63 and a beta of 0.29. The stock has a fifty day moving average price of $471.63 and a two-hundred day moving average price of $468.59. 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 released its earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.34 by $0.94. The business had revenue of $17.96 billion for the quarter, compared to the consensus estimate of $17.83 billion. Lockheed Martin had a return on equity of 104.09% and a net margin of 7.66%. Sell-side analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, June 2nd will be paid a dividend of $3.30 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $13.20 dividend on an annualized basis and a yield of 2.81%. Lockheed Martin's payout ratio is 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.