995 Shares in Lockheed Martin Corporation (NYSE:LMT) Bought by Aspetuck Financial Management LLC

Aspetuck Financial Management LLC acquired a new position in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 995 shares of the aerospace company's stock, valued at approximately $444,000.

Several other hedge funds have also bought and sold shares of LMT. LaFleur & Godfrey LLC increased its position in shares of Lockheed Martin by 18.0% during the fourth quarter. LaFleur & Godfrey LLC now owns 1,156 shares of the aerospace company's stock valued at $562,000 after acquiring an additional 176 shares in the last quarter. Eagle Capital Management LLC raised its holdings in Lockheed Martin by 0.3% in the 4th quarter. Eagle Capital Management LLC now owns 10,827 shares of the aerospace company's stock worth $5,261,000 after acquiring an additional 32 shares during the last quarter. Brighton Jones LLC raised its holdings in Lockheed Martin by 5.0% in the 4th quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company's stock worth $1,941,000 after acquiring an additional 191 shares during the last quarter. Hudson Portfolio Management LLC purchased a new position in Lockheed Martin in the 4th quarter worth approximately $256,000. Finally, Union Bancaire Privee UBP SA purchased a new position in Lockheed Martin in the 4th quarter worth approximately $92,000. Institutional investors own 74.19% of the company's stock.

Lockheed Martin Stock Performance

Shares of NYSE:LMT traded up $0.69 during midday trading on Friday, hitting $458.59. The company had a trading volume of 1,995,444 shares, compared to its average volume of 1,348,558. The company has a debt-to-equity ratio of 2.79, a current ratio of 1.08 and a quick ratio of 0.91. The company has a market cap of $107.45 billion, a price-to-earnings ratio of 19.81, a PEG ratio of 1.60 and a beta of 0.29. Lockheed Martin Corporation has a 12-month low of $418.88 and a 12-month high of $618.95. The company has a fifty day moving average of $470.80 and a two-hundred day moving average of $466.31.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $17.96 billion during the quarter, compared to analyst estimates of $17.83 billion. Lockheed Martin had a return on equity of 104.09% and a net margin of 7.66%. On average, equities research analysts expect that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, September 2nd will be paid a $3.30 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $13.20 annualized dividend and a dividend yield of 2.88%. Lockheed Martin's dividend payout ratio (DPR) is 57.02%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on LMT. Royal Bank Of Canada lowered shares of Lockheed Martin from an "outperform" rating to a "sector perform" rating and decreased their price objective for the stock from $550.00 to $480.00 in a report on Thursday, March 27th. Melius Research lowered shares of Lockheed Martin from a "strong-buy" rating to a "hold" rating in a report on Monday, March 24th. UBS Group boosted their price objective on shares of Lockheed Martin from $481.00 to $499.00 and gave the stock a "neutral" rating in a 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. Finally, Morgan Stanley upgraded shares of Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 price objective for the company in a report on Wednesday, April 16th. Nine 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 company. According to MarketBeat, the stock 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.