D Orazio & Associates Inc. Has $6.29 Million Position in Lockheed Martin Co. (NYSE:LMT)

D Orazio & Associates Inc. lifted its stake in Lockheed Martin Co. (NYSE:LMT - Free Report) by 48.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,071 shares of the aerospace company's stock after acquiring an additional 4,621 shares during the quarter. Lockheed Martin makes up 1.0% of D Orazio & Associates Inc.'s portfolio, making the stock its 18th biggest holding. D Orazio & Associates Inc.'s holdings in Lockheed Martin were worth $6,286,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Hengehold Capital Management LLC raised its stake in shares of Lockheed Martin by 5.5% during the 1st quarter. Hengehold Capital Management LLC now owns 7,630 shares of the aerospace company's stock worth $3,409,000 after purchasing an additional 396 shares in the last quarter. Brighton Jones LLC increased its holdings in Lockheed Martin by 4.9% in the first quarter. Brighton Jones LLC now owns 4,191 shares of the aerospace company's stock worth $1,872,000 after buying an additional 196 shares during the last quarter. Exchange Traded Concepts LLC increased its holdings in Lockheed Martin by 72.5% in the first quarter. Exchange Traded Concepts LLC now owns 43,245 shares of the aerospace company's stock worth $19,318,000 after buying an additional 18,175 shares during the last quarter. Pinion Investment Advisors LLC raised its position in Lockheed Martin by 16.4% during the first quarter. Pinion Investment Advisors LLC now owns 2,355 shares of the aerospace company's stock valued at $1,052,000 after acquiring an additional 331 shares in the last quarter. Finally, Foster Victor Wealth Advisors LLC lifted its stake in Lockheed Martin by 10.4% in the first quarter. Foster Victor Wealth Advisors LLC now owns 25,726 shares of the aerospace company's stock valued at $12,217,000 after acquiring an additional 2,426 shares during the last quarter. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Lockheed Martin Stock Performance

Lockheed Martin stock traded up $16.48 during mid-day trading on Friday, reaching $485.75. The company had a trading volume of 2,714,812 shares, compared to its average volume of 1,324,545. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10. The firm has a market cap of $113.81 billion, a price-to-earnings ratio of 21.82, a PEG ratio of 2.07 and a beta of 0.29. The company has a 50 day moving average of $470.72 and a 200-day moving average of $470.04. Lockheed Martin Co. has a 52 week low of $418.88 and a 52 week high of $618.95.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share for the quarter, beating the consensus estimate of $6.34 by $0.94. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. The business had revenue of $17.96 billion during the quarter, compared to analysts' expectations of $17.83 billion. On average, sell-side analysts expect that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Monday, June 2nd will be issued a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a dividend yield of 2.72%. The ex-dividend date is Monday, June 2nd. Lockheed Martin's payout ratio is presently 57.02%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. 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. Melius lowered Lockheed Martin from a "buy" rating to a "hold" rating in a report on Monday, March 24th. Melius Research downgraded Lockheed Martin from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. Wells Fargo & Company decreased their target price on Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Finally, Bank of America lowered shares of Lockheed Martin from a "buy" rating to a "neutral" rating and dropped their price target for the company from $685.00 to $485.00 in a research report on Monday, March 24th. Nine investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $541.80.

Lockheed Martin 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.