Bogart Wealth LLC Increases Stock Position in Lockheed Martin Corporation (NYSE:LMT)

Bogart Wealth LLC grew its stake in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 32.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,256 shares of the aerospace company's stock after acquiring an additional 6,398 shares during the quarter. Bogart Wealth LLC's holdings in Lockheed Martin were worth $11,729,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. TruNorth Capital Management LLC purchased a new position in shares of Lockheed Martin in the first quarter worth approximately $31,000. Millstone Evans Group LLC purchased a new stake in shares of Lockheed Martin in the fourth quarter worth $32,000. Mizuho Securities Co. Ltd. bought a new stake in shares of Lockheed Martin during the 4th quarter valued at $34,000. Heck Capital Advisors LLC bought a new stake in shares of Lockheed Martin during the 4th quarter valued at $35,000. Finally, Redwood Park Advisors LLC bought a new stake in shares of Lockheed Martin during the 4th quarter valued at $40,000. Hedge funds and other institutional investors own 74.19% of the company's stock.

Analyst Upgrades and Downgrades

LMT has been the topic of several recent analyst reports. Wells Fargo & Company decreased 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 report on Tuesday, April 8th. Jefferies Financial Group decreased their price target 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. TD Cowen reaffirmed a "hold" rating and set a $480.00 price target (down previously from $500.00) on shares of Lockheed Martin in a research note on Thursday. Royal Bank Of Canada downgraded shares of Lockheed Martin from an "outperform" rating to a "sector perform" rating and decreased their price target for the company from $550.00 to $480.00 in a research note on Thursday, March 27th. Finally, Robert W. Baird raised shares of Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 price target on the stock in a research note on Wednesday, April 23rd. Ten equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $531.47.

Lockheed Martin Stock Up 0.7%

Shares of Lockheed Martin stock opened at $467.48 on Monday. The firm's 50 day moving average price is $469.54 and its 200-day moving average price is $464.67. The company has a market cap of $109.53 billion, a P/E ratio of 20.19, a PEG ratio of 1.63 and a beta of 0.28. Lockheed Martin Corporation has a 52-week low of $418.88 and a 52-week high of $618.95. 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 (NYSE:LMT - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.34 by $0.94. Lockheed Martin had a net margin of 7.66% and a return on equity of 104.09%. The business had revenue of $17.96 billion during the quarter, compared to analysts' expectations of $17.83 billion. On average, 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 announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 2nd will be paid a $3.30 dividend. This represents a $13.20 annualized dividend and a dividend yield of 2.82%. The ex-dividend date is Tuesday, September 2nd. Lockheed Martin's dividend payout ratio is currently 57.02%.

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.

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