Csenge Advisory Group Purchases 1,719 Shares of Lockheed Martin Corporation (NYSE:LMT)

Csenge Advisory Group boosted its position in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 42.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,746 shares of the aerospace company's stock after acquiring an additional 1,719 shares during the period. Csenge Advisory Group's holdings in Lockheed Martin were worth $2,667,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. OMNI 360 Wealth Inc. raised its position in Lockheed Martin by 2.5% in the 1st quarter. OMNI 360 Wealth Inc. now owns 913 shares of the aerospace company's stock worth $408,000 after purchasing an additional 22 shares during the last quarter. 49 Wealth Management LLC raised its position in shares of Lockheed Martin by 3.4% during the 1st quarter. 49 Wealth Management LLC now owns 661 shares of the aerospace company's stock valued at $295,000 after acquiring an additional 22 shares during the last quarter. Private Portfolio Partners LLC raised its position in shares of Lockheed Martin by 4.8% during the 4th 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 last quarter. Tealwood Asset Management Inc. increased its position in shares of Lockheed Martin by 0.4% in the 1st quarter. Tealwood Asset Management Inc. now owns 5,728 shares of the aerospace company's stock valued at $2,559,000 after buying an additional 23 shares in the last quarter. Finally, Southland Equity Partners LLC increased its position in shares of Lockheed Martin by 3.1% in the 1st 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 in the last quarter. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Price Performance

Shares of NYSE:LMT traded up $10.26 during trading on Wednesday, reaching $421.00. The company had a trading volume of 2,320,256 shares, compared to its average volume of 1,411,657. The company has a fifty day moving average of $469.37 and a two-hundred day moving average of $464.14. The stock has a market capitalization of $98.64 billion, a P/E ratio of 18.12, a price-to-earnings-growth ratio of 1.61 and a beta of 0.28. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $618.95. The company has a current ratio of 1.08, a quick ratio of 0.91 and a debt-to-equity ratio of 2.79.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 EPS for the quarter, beating the consensus estimate of $6.34 by $0.94. Lockheed Martin had a net margin of 7.66% and a return on equity of 104.09%. The company had revenue of $17.96 billion for the quarter, compared to analyst estimates of $17.83 billion. Equities research analysts forecast that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date of this dividend is Tuesday, September 2nd. Lockheed Martin's payout ratio is 57.02%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. TD Cowen reaffirmed a "hold" rating and issued a $480.00 target price (down from $500.00) on shares of Lockheed Martin in a research note on Thursday, July 10th. Wells Fargo & Company cut their target price on shares of Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Truist Financial downgraded shares of Lockheed Martin from a "buy" rating to a "hold" rating and cut their target price for the company from $554.00 to $440.00 in a research note on Wednesday. Cowen downgraded shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Thursday, July 10th. Finally, Jefferies Financial Group cut their price objective on shares of Lockheed Martin from $510.00 to $500.00 and set a "hold" rating for the company in a research report on Monday, April 28th. Fourteen analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Lockheed Martin has a consensus rating of "Hold" and a consensus price target of $509.35.

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.