Concurrent Investment Advisors LLC Grows Position in Lockheed Martin Corporation (NYSE:LMT)

Concurrent Investment Advisors LLC boosted its position in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 15.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,367 shares of the aerospace company's stock after buying an additional 1,971 shares during the quarter. Concurrent Investment Advisors LLC's holdings in Lockheed Martin were worth $6,418,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Private Portfolio Partners LLC raised its stake in shares of Lockheed Martin by 4.8% during 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 in the last quarter. Tealwood Asset Management Inc. grew its position in shares of Lockheed Martin by 0.4% during the 1st quarter. Tealwood Asset Management Inc. now owns 5,728 shares of the aerospace company's stock worth $2,559,000 after buying an additional 23 shares in the last quarter. Southland Equity Partners LLC increased its stake 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 period. Nvest Financial LLC increased its stake 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 period. Finally, Reston Wealth Management LLC raised its holdings in shares of Lockheed Martin by 4.5% in the first quarter. Reston Wealth Management LLC now owns 533 shares of the aerospace company's stock valued at $238,000 after acquiring an additional 23 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on LMT shares. UBS Group increased their target price on shares of Lockheed Martin from $481.00 to $499.00 and gave the stock a "neutral" rating in a report on Wednesday, April 23rd. Wells Fargo & Company dropped 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 note on Tuesday, April 8th. Royal Bank Of Canada lowered shares of Lockheed Martin from an "outperform" rating to a "sector perform" rating and cut their price objective for the company from $550.00 to $480.00 in a report on Thursday, March 27th. Morgan Stanley upgraded Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 target price for the company in a report on Wednesday, April 16th. Finally, Melius cut Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Monday, March 24th. Nine equities 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's stock. According to MarketBeat, Lockheed Martin has an average rating of "Moderate Buy" and an average target price of $541.80.

Lockheed Martin Stock Up 0.2%

Lockheed Martin stock traded up $0.76 during midday trading on Friday, reaching $463.31. The company's stock had a trading volume of 707,859 shares, compared to its average volume of 1,357,690. Lockheed Martin Corporation has a 52-week low of $418.88 and a 52-week high of $618.95. The company has a debt-to-equity ratio of 2.79, a current ratio of 1.08 and a quick ratio of 0.91. The stock has a market capitalization of $108.55 billion, a P/E ratio of 20.01, a PEG ratio of 1.61 and a beta of 0.28. The stock's 50-day simple moving average is $470.60 and its 200-day simple moving average is $465.57.

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, topping analysts' consensus estimates of $6.34 by $0.94. Lockheed Martin had a return on equity of 104.09% and a net margin of 7.66%. The company had revenue of $17.96 billion during the quarter, compared to analyst estimates of $17.83 billion. On average, sell-side analysts expect that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 2nd will be given 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 yield of 2.85%. Lockheed Martin's dividend payout ratio 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.