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

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

Several other hedge funds and other institutional investors have also recently modified their holdings of LMT. Eagle Capital Management LLC raised its stake in Lockheed Martin by 0.3% in the fourth quarter. Eagle Capital Management LLC now owns 10,827 shares of the aerospace company's stock worth $5,261,000 after buying an additional 32 shares in the last quarter. Brighton Jones LLC lifted its holdings in Lockheed Martin by 5.0% during the 4th quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company's stock worth $1,941,000 after buying an additional 191 shares in the last quarter. Hudson Portfolio Management LLC acquired a new stake in Lockheed Martin during the 4th quarter worth approximately $256,000. Whittier Trust Co. raised its stake in Lockheed Martin by 7.2% during the 4th quarter. Whittier Trust Co. now owns 6,956 shares of the aerospace company's stock worth $3,380,000 after acquiring an additional 466 shares in the last quarter. Finally, Lee Danner & Bass Inc. acquired a new stake in Lockheed Martin during the 4th quarter worth $58,000. 74.19% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on LMT shares. Jefferies Financial Group decreased their price objective 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. Truist Financial reduced their target price on shares of Lockheed Martin from $579.00 to $554.00 and set a "buy" rating for the company in a research note on Friday, July 11th. Cowen cut Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Thursday, July 10th. TD Cowen restated a "hold" rating and set a $480.00 price target (down from $500.00) on shares of Lockheed Martin in a report on Thursday, July 10th. Finally, 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 research note on Tuesday, April 8th. Thirteen investment 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 company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $532.69.

Lockheed Martin Stock Performance

Shares of Lockheed Martin stock traded down $40.99 during trading on Tuesday, hitting $419.54. 5,962,213 shares of the stock were exchanged, compared to its average volume of 1,394,317. The stock has a market capitalization of $98.30 billion, a price-to-earnings ratio of 18.19, a price-to-earnings-growth ratio of 1.63 and a beta of 0.28. The company has a current ratio of 1.08, a quick ratio of 0.91 and a debt-to-equity ratio of 2.79. The company has a fifty day moving average price of $469.37 and a 200-day moving average price of $464.14. Lockheed Martin Corporation has a 1-year low of $416.74 and a 1-year high of $618.95.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share for the quarter, topping 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 during the quarter, compared to analysts' expectations of $17.83 billion. As a group, equities analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, September 2nd will be paid a $3.30 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $13.20 annualized dividend and a dividend yield of 3.15%. Lockheed Martin's payout ratio is 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.