CWM LLC increased its position in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 3.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 61,995 shares of the aerospace company's stock after buying an additional 2,255 shares during the quarter. CWM LLC's holdings in Lockheed Martin were worth $27,694,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in LMT. TruNorth Capital Management LLC purchased a new position in shares of Lockheed Martin during the first quarter valued at approximately $31,000. Millstone Evans Group LLC purchased a new position in Lockheed Martin during the 4th quarter worth $32,000. Mizuho Securities Co. Ltd. purchased a new position in Lockheed Martin during the 4th quarter worth $34,000. Heck Capital Advisors LLC bought a new stake in shares of Lockheed Martin in the 4th quarter worth $35,000. Finally, Redwood Park Advisors LLC purchased a new stake in shares of Lockheed Martin in the fourth quarter valued at about $40,000. 74.19% of the stock is owned by institutional investors and hedge funds.
Lockheed Martin Price Performance
Shares of LMT traded up $6.15 during midday trading on Monday, hitting $473.66. 1,486,456 shares of the company traded hands, compared to its average volume of 1,591,716. Lockheed Martin Corporation has a one year low of $418.88 and a one year high of $618.95. The firm has a market cap of $110.98 billion, a P/E ratio of 20.46, a PEG ratio of 1.63 and a beta of 0.28. 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 50-day moving average of $469.54 and a 200-day moving average of $464.67.
Lockheed Martin (NYSE:LMT - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share 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 analyst estimates of $17.83 billion. As a group, sell-side analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.
Lockheed Martin Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 2nd will be given 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 2.79%. Lockheed Martin's dividend payout ratio (DPR) is presently 57.02%.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on LMT shares. Robert W. Baird raised shares of Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 price objective for the company in a research report on Wednesday, April 23rd. Melius Research lowered Lockheed Martin from a "strong-buy" rating to a "hold" rating in a report on Monday, March 24th. Baird R W upgraded Lockheed Martin from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 23rd. Melius cut Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Monday, March 24th. Finally, TD Cowen reissued a "hold" rating and issued a $480.00 price target (down from $500.00) on shares of Lockheed Martin in a report on Thursday. Eleven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $531.47.
View Our Latest Research Report on LMT
About Lockheed Martin
(
Free Report)
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.
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