533 Shares in Lockheed Martin Co. (NYSE:LMT) Purchased by Brucke Financial Inc.

Brucke Financial Inc. acquired a new position in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 533 shares of the aerospace company's stock, valued at approximately $247,000.

A number of other hedge funds have also recently made changes to their positions in LMT. Millstone Evans Group LLC purchased a new stake in shares of Lockheed Martin during the 4th quarter worth $32,000. Mizuho Securities Co. Ltd. purchased a new stake in Lockheed Martin in the fourth quarter valued at about $34,000. Heck Capital Advisors LLC purchased a new stake in Lockheed Martin in the fourth quarter valued at about $35,000. Redwood Park Advisors LLC purchased a new stake in Lockheed Martin in the fourth quarter valued at about $40,000. Finally, Runnymede Capital Advisors Inc. purchased a new stake in Lockheed Martin in the fourth quarter valued at about $42,000. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Wall Street Zen cut Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research note on Saturday, May 3rd. Melius cut Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Monday, March 24th. Robert W. Baird upgraded Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 price target for the company in a research note on Wednesday, April 23rd. UBS Group increased their price target on Lockheed Martin from $481.00 to $499.00 and gave the company a "neutral" rating in a research note on Wednesday, April 23rd. Finally, Baird R W upgraded Lockheed Martin from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 23rd. Nine analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $541.80.

Lockheed Martin Stock Performance

Shares of NYSE:LMT traded down $7.08 during trading on Wednesday, hitting $469.77. The stock had a trading volume of 908,676 shares, compared to its average volume of 1,295,924. Lockheed Martin Co. has a 12-month low of $418.88 and a 12-month high of $618.95. The stock has a market capitalization of $110.07 billion, a price-to-earnings ratio of 21.10, a price-to-earnings-growth ratio of 2.07 and a beta of 0.29. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10. The stock has a 50-day simple moving average of $461.88 and a two-hundred day simple moving average of $475.78.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share (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 analysts' expectations of $17.83 billion. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. On average, equities research analysts expect that Lockheed Martin Co. will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Monday, June 2nd will be issued a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a yield of 2.81%. The ex-dividend date of this dividend is Monday, June 2nd. Lockheed Martin's dividend payout ratio (DPR) is 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.