Archford Capital Strategies LLC Has $3.82 Million Stock Position in Lockheed Martin Corporation (NYSE:LMT)

Archford Capital Strategies LLC lifted its position in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 30.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 8,559 shares of the aerospace company's stock after purchasing an additional 1,980 shares during the quarter. Archford Capital Strategies LLC's holdings in Lockheed Martin were worth $3,823,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in LMT. GAMMA Investing LLC lifted its position in Lockheed Martin by 41,104.9% during the 1st quarter. GAMMA Investing LLC now owns 1,991,433 shares of the aerospace company's stock worth $889,593,000 after buying an additional 1,986,600 shares in the last quarter. Proficio Capital Partners LLC lifted its position in Lockheed Martin by 53,784.3% during the 4th quarter. Proficio Capital Partners LLC now owns 1,235,568 shares of the aerospace company's stock worth $600,412,000 after buying an additional 1,233,275 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Lockheed Martin by 17.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 7,471,071 shares of the aerospace company's stock worth $3,630,492,000 after buying an additional 1,132,461 shares in the last quarter. Castlekeep Investment Advisors LLC acquired a new position in Lockheed Martin during the 4th quarter worth about $526,587,000. Finally, Leigh Baldwin & CO. LLC acquired a new position in Lockheed Martin during the 4th quarter worth about $451,985,000. Institutional investors own 74.19% of the company's stock.

Lockheed Martin Trading Up 0.2%

Shares of NYSE:LMT traded up $0.69 during mid-day trading on Friday, reaching $458.59. The stock had a trading volume of 1,995,444 shares, compared to its average volume of 1,357,054. The firm has a market cap of $107.45 billion, a PE ratio of 19.81, a price-to-earnings-growth ratio of 1.60 and a beta of 0.29. The firm has a 50 day simple moving average of $470.80 and a two-hundred day simple moving average of $466.78. The company has a current ratio of 1.08, a quick ratio of 0.91 and a debt-to-equity ratio of 2.79. Lockheed Martin Corporation has a twelve month low of $418.88 and a twelve month high of $618.95.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share 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 net margin of 7.66% and a return on equity of 104.09%. On average, research analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The company 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 $3.30 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.88%. Lockheed Martin's dividend payout ratio is 57.02%.

Analyst Ratings Changes

Several research analysts recently issued reports on LMT shares. Royal Bank Of Canada downgraded 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. Melius downgraded shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Monday, March 24th. Robert W. Baird upgraded shares of Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 target price on the stock in a research report on Wednesday, April 23rd. Melius Research downgraded shares of Lockheed Martin from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 24th. Finally, Wall Street Zen downgraded shares of Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research report on Saturday, May 3rd. Nine equities research 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 data from MarketBeat, Lockheed Martin presently has an average rating of "Moderate Buy" and a consensus price target 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.