Capital Investment Advisory Services LLC Buys 836 Shares of Lockheed Martin Corporation (NYSE:LMT)

Capital Investment Advisory Services LLC increased its position in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 14.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,666 shares of the aerospace company's stock after purchasing an additional 836 shares during the quarter. Capital Investment Advisory Services LLC's holdings in Lockheed Martin were worth $2,978,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Private Portfolio Partners LLC grew its stake in Lockheed Martin by 4.8% in the fourth quarter. Private Portfolio Partners LLC now owns 502 shares of the aerospace company's stock valued at $244,000 after acquiring an additional 23 shares during the period. Tealwood Asset Management Inc. grew its stake in Lockheed Martin by 0.4% in the first quarter. Tealwood Asset Management Inc. now owns 5,728 shares of the aerospace company's stock valued at $2,559,000 after acquiring an additional 23 shares during the period. Southland Equity Partners LLC boosted its position in shares of Lockheed Martin by 3.1% during the first quarter. Southland Equity Partners LLC now owns 766 shares of the aerospace company's stock valued at $342,000 after buying an additional 23 shares during the last quarter. Nvest Financial LLC boosted its position in shares of Lockheed Martin by 0.6% during the first quarter. Nvest Financial LLC now owns 3,621 shares of the aerospace company's stock valued at $1,617,000 after buying an additional 23 shares during the last quarter. Finally, Reston Wealth Management LLC boosted its position in shares of Lockheed Martin by 4.5% during the first quarter. Reston Wealth Management LLC now owns 533 shares of the aerospace company's stock valued at $238,000 after buying an additional 23 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Stock Performance

Shares of LMT traded up $0.76 during mid-day trading on Friday, hitting $463.31. The stock had a trading volume of 707,859 shares, compared to its average volume of 1,357,690. The firm has a market cap of $108.55 billion, a P/E ratio of 20.01, a PEG ratio of 1.61 and a beta of 0.28. The business has a fifty day moving average price of $470.60 and a 200-day moving average price of $465.69. The company has a debt-to-equity ratio of 2.79, a current ratio of 1.08 and a quick ratio of 0.91. Lockheed Martin Corporation has a 52 week low of $418.88 and a 52 week high of $618.95.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share (EPS) 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 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 year.

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 2nd will be paid a dividend of $3.30 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.85%. Lockheed Martin's payout ratio is 57.02%.

Analyst Ratings Changes

A number of analysts recently commented on the company. Baird R W upgraded Lockheed Martin from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 23rd. Jefferies Financial Group dropped their price target on Lockheed Martin from $510.00 to $500.00 and set a "hold" rating on the stock in a report on Monday, April 28th. Wells Fargo & Company dropped their price target on Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Melius lowered Lockheed Martin from a "buy" rating to a "hold" rating in a report on Monday, March 24th. Finally, Bank of America lowered Lockheed Martin from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $685.00 to $485.00 in a report on Monday, March 24th. Nine research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target 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.