Lockheed Martin Corporation (NYSE:LMT) Shares Purchased by Capital Investment Advisory Services LLC

Capital Investment Advisory Services LLC grew 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 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,666 shares of the aerospace company's stock after acquiring an additional 836 shares during the period. Capital Investment Advisory Services LLC's holdings in Lockheed Martin were worth $2,978,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Millstone Evans Group LLC acquired a new stake in shares of Lockheed Martin during the 4th quarter worth about $32,000. Mizuho Securities Co. Ltd. bought a new position in Lockheed Martin in the 4th quarter valued at about $34,000. Heck Capital Advisors LLC bought a new position in Lockheed Martin in the 4th quarter valued at about $35,000. Redwood Park Advisors LLC bought a new position in Lockheed Martin in the 4th quarter valued at about $40,000. Finally, Runnymede Capital Advisors Inc. bought a new stake in shares of Lockheed Martin during the 4th quarter valued at approximately $42,000. Institutional investors own 74.19% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on LMT shares. Jefferies Financial Group reduced their target price on shares of Lockheed Martin from $510.00 to $500.00 and set a "hold" rating on the stock in a report on Monday, April 28th. Royal Bank Of Canada downgraded shares of Lockheed Martin from an "outperform" rating to a "sector perform" rating and lowered their price objective for the stock from $550.00 to $480.00 in a report on Thursday, March 27th. Robert W. Baird upgraded shares of Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 target price for the company in a research note on Wednesday, April 23rd. Bank of America lowered shares of Lockheed Martin from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $685.00 to $485.00 in a research note on Monday, March 24th. Finally, Wall Street Zen lowered shares of Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research note on Saturday, May 3rd. Nine research analysts have rated the stock with a hold rating, eight 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 price target of $541.80.

Lockheed Martin Price Performance

Lockheed Martin stock traded up $0.76 during mid-day trading on Friday, reaching $463.31. 707,859 shares of the company's stock traded hands, compared to its average volume of 1,357,690. The company has a market cap of $108.55 billion, a price-to-earnings ratio of 20.01, a PEG ratio of 1.61 and a beta of 0.28. The stock has a 50 day moving average of $470.60 and a two-hundred day moving average of $465.57. 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 Corporation has a 12-month low of $418.88 and a 12-month 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 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 for the quarter, compared to the consensus estimate of $17.83 billion. Equities analysts forecast that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Dividend Announcement

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