1,335 Shares in Lockheed Martin Corporation (NYSE:LMT) Bought by Fiduciary Family Office LLC

Key Points

• Fiduciary Family Office LLC acquired 1,335 shares of Lockheed Martin, totaling approximately $596,000, marking a new investment in the aerospace company.
• Lockheed Martin recently reported $7.29 EPS for its last quarter, beating estimates by $0.72, although revenue of $18.16 billion fell short of expectations.
• The company declared a quarterly dividend of $3.30 to be paid on September 26, representing an annualized yield of 3.1%.

Fiduciary Family Office LLC bought a new position in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,335 shares of the aerospace company's stock, valued at approximately $596,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Eagle Capital Management LLC grew its holdings in shares of Lockheed Martin by 0.3% in the 4th quarter. Eagle Capital Management LLC now owns 10,827 shares of the aerospace company's stock valued at $5,261,000 after buying an additional 32 shares during the period. Brighton Jones LLC grew its stake in Lockheed Martin by 5.0% in the fourth quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company's stock valued at $1,941,000 after acquiring an additional 191 shares during the period. Hudson Portfolio Management LLC bought a new stake in shares of Lockheed Martin in the fourth quarter worth about $256,000. CenterBook Partners LP raised its position in shares of Lockheed Martin by 97.4% during the fourth quarter. CenterBook Partners LP now owns 3,217 shares of the aerospace company's stock worth $1,563,000 after purchasing an additional 1,587 shares during the period. Finally, Bessemer Group Inc. lifted its holdings in shares of Lockheed Martin by 8.9% during the 4th quarter. Bessemer Group Inc. now owns 17,369 shares of the aerospace company's stock valued at $8,440,000 after purchasing an additional 1,423 shares in the last quarter. Institutional investors own 74.19% of the company's stock.

Wall Street Analyst Weigh In

LMT has been the topic of a number of research analyst reports. UBS Group dropped their price objective on shares of Lockheed Martin from $498.00 to $453.00 and set a "neutral" rating on the stock in a report on Wednesday, July 23rd. Sanford C. Bernstein set a $551.00 price target on shares of Lockheed Martin and gave the company a "market perform" rating in a research note on Monday, July 14th. Cowen downgraded shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Thursday, July 10th. Baird R W raised Lockheed Martin from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 23rd. Finally, Jefferies Financial Group reduced their price target on Lockheed Martin from $510.00 to $500.00 and set a "hold" rating for the company in a research report on Monday, April 28th. Fifteen analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $506.65.

Lockheed Martin Stock Performance

Shares of Lockheed Martin stock traded down $5.07 during trading on Friday, reaching $425.68. The company's stock had a trading volume of 1,477,499 shares, compared to its average volume of 2,270,781. Lockheed Martin Corporation has a 52 week low of $410.11 and a 52 week high of $618.95. The firm has a market cap of $99.38 billion, a PE ratio of 23.97, a P/E/G ratio of 1.49 and a beta of 0.27. The business's 50-day moving average price is $456.14 and its 200-day moving average price is $458.38. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 3.47.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share for the quarter, beating analysts' consensus estimates of $6.57 by $0.72. The company had revenue of $18.16 billion during the quarter, compared to the consensus estimate of $18.59 billion. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The firm's quarterly revenue was up .2% on a year-over-year basis. During the same period in the previous year, the business earned $7.11 earnings per share. Equities 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 disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 2nd will be given a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a yield of 3.1%. The ex-dividend date is Tuesday, September 2nd. Lockheed Martin's payout ratio is currently 74.32%.

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.