Lockheed Martin Corporation (NYSE:LMT) Shares Acquired by Calton & Associates Inc.

Calton & Associates Inc. raised its position in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 2,142.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 20,739 shares of the aerospace company's stock after acquiring an additional 19,814 shares during the quarter. Lockheed Martin makes up approximately 1.1% of Calton & Associates Inc.'s holdings, making the stock its 14th largest position. Calton & Associates Inc.'s holdings in Lockheed Martin were worth $9,264,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of LMT. Kestra Private Wealth Services LLC boosted its position in shares of Lockheed Martin by 1.9% in the 1st quarter. Kestra Private Wealth Services LLC now owns 39,607 shares of the aerospace company's stock worth $17,693,000 after purchasing an additional 752 shares in the last quarter. Fountainhead AM LLC boosted its position in shares of Lockheed Martin by 17.0% in the 1st quarter. Fountainhead AM LLC now owns 611 shares of the aerospace company's stock worth $273,000 after purchasing an additional 89 shares in the last quarter. Impact Partnership Wealth LLC boosted its position in shares of Lockheed Martin by 173.4% in the 1st quarter. Impact Partnership Wealth LLC now owns 3,308 shares of the aerospace company's stock worth $1,477,000 after purchasing an additional 2,098 shares in the last quarter. Csenge Advisory Group boosted its position in shares of Lockheed Martin by 42.7% in the 1st quarter. Csenge Advisory Group now owns 5,746 shares of the aerospace company's stock worth $2,667,000 after purchasing an additional 1,719 shares in the last quarter. Finally, Buckhead Capital Management LLC raised its holdings in Lockheed Martin by 0.7% in the 1st quarter. Buckhead Capital Management LLC now owns 11,854 shares of the aerospace company's stock worth $5,295,000 after acquiring an additional 84 shares during the last quarter. 74.19% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on LMT. Jefferies Financial Group decreased their target price on shares of Lockheed Martin from $510.00 to $500.00 and set a "hold" rating for the company in a research note on Monday, April 28th. TD Cowen restated a "hold" rating and issued a $480.00 price objective (down from $500.00) on shares of Lockheed Martin in a research note on Thursday, July 10th. Bank of America lowered Lockheed Martin from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $685.00 to $485.00 in a research note on Monday, March 24th. Wall Street Zen lowered Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research note on Saturday, May 3rd. Finally, Royal Bank Of Canada lowered Lockheed Martin from an "outperform" rating to a "sector perform" rating and reduced their price objective for the stock from $550.00 to $480.00 in a research note on Thursday, March 27th. Twelve analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $532.69.

Lockheed Martin Stock Down 1.1%

Shares of NYSE:LMT traded down $5.06 during trading on Friday, hitting $464.14. The company's stock had a trading volume of 1,843,659 shares, compared to its average volume of 1,374,525. The business has a 50 day moving average price of $469.37 and a two-hundred day moving average price of $464.26. The company has a market capitalization of $108.75 billion, a PE ratio of 20.05, a P/E/G ratio of 1.63 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 fifty-two week low of $418.88 and a fifty-two week high of $618.95.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $17.96 billion during 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%. As a group, 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 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 is Tuesday, September 2nd. This represents a $13.20 dividend on an annualized basis and a yield of 2.84%. Lockheed Martin's dividend payout ratio (DPR) is presently 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.