Ariose Capital Management Ltd Acquires New Shares in Lockheed Martin Corporation (NYSE:LMT)

Ariose Capital Management Ltd acquired a new stake in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 26,700 shares of the aerospace company's stock, valued at approximately $11,927,000. Lockheed Martin comprises about 13.1% of Ariose Capital Management Ltd's investment portfolio, making the stock its 3rd largest position.

A number of other institutional investors have also recently bought and sold shares of the company. First American Bank increased its stake in shares of Lockheed Martin by 18.8% in the first quarter. First American Bank now owns 8,393 shares of the aerospace company's stock worth $3,749,000 after purchasing an additional 1,327 shares during the period. Aquatic Capital Management LLC acquired a new position in Lockheed Martin in the 4th quarter valued at approximately $33,294,000. Cantor Fitzgerald Investment Advisors L.P. raised its holdings in Lockheed Martin by 18.6% in the 1st quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 17,129 shares of the aerospace company's stock valued at $7,652,000 after acquiring an additional 2,686 shares in the last quarter. State of Wyoming raised its holdings in Lockheed Martin by 93.9% in the 4th quarter. State of Wyoming now owns 1,113 shares of the aerospace company's stock valued at $541,000 after acquiring an additional 539 shares in the last quarter. Finally, Treasurer of the State of North Carolina raised its holdings in Lockheed Martin by 3.9% in the 4th quarter. Treasurer of the State of North Carolina now owns 102,674 shares of the aerospace company's stock valued at $49,893,000 after acquiring an additional 3,809 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have commented on LMT. Robert W. Baird raised Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 price target for the company in a report on Wednesday, April 23rd. Royal Bank Of Canada cut 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 report on Thursday, March 27th. Wall Street Zen cut Lockheed Martin from a "strong-buy" rating to a "buy" rating in a report on Saturday, May 3rd. Melius Research downgraded Lockheed Martin from a "strong-buy" rating to a "hold" rating in a report on Monday, March 24th. Finally, Jefferies Financial Group decreased 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. Nine investment 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $541.80.

Lockheed Martin Trading Up 1.4%

Shares of NYSE:LMT opened at $468.94 on Tuesday. The company has a market capitalization of $109.87 billion, a P/E ratio of 20.26, a price-to-earnings-growth ratio of 1.61 and a beta of 0.28. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.91 and a current ratio of 1.08. Lockheed Martin Corporation has a 52-week low of $418.88 and a 52-week high of $618.95. The company has a 50-day simple moving average of $470.45 and a 200 day simple moving average of $465.33.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share 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 analysts' expectations of $17.83 billion. Lockheed Martin had a net margin of 7.66% and a return on equity of 104.09%. Sell-side analysts forecast 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. Shareholders of record on Tuesday, September 2nd will be issued a $3.30 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $13.20 annualized dividend and a yield of 2.81%. Lockheed Martin's dividend payout ratio is currently 57.02%.

About Lockheed Martin

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.

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