First Horizon Advisors Inc. Raises Position in Lockheed Martin Corporation (NYSE:LMT)

First Horizon Advisors Inc. lifted its stake in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 7.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 74,388 shares of the aerospace company's stock after purchasing an additional 5,055 shares during the period. Lockheed Martin accounts for about 0.9% of First Horizon Advisors Inc.'s investment portfolio, making the stock its 29th biggest holding. First Horizon Advisors Inc.'s holdings in Lockheed Martin were worth $33,230,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of LMT. LaFleur & Godfrey LLC lifted its holdings in shares of Lockheed Martin by 18.0% in the fourth quarter. LaFleur & Godfrey LLC now owns 1,156 shares of the aerospace company's stock worth $562,000 after buying an additional 176 shares in the last quarter. Eagle Capital Management LLC lifted its position in shares of Lockheed Martin by 0.3% during the fourth 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 last quarter. Brighton Jones LLC lifted its position in shares of Lockheed Martin by 5.0% during the fourth quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company's stock valued at $1,941,000 after buying an additional 191 shares during the last quarter. Hudson Portfolio Management LLC acquired a new position in shares of Lockheed Martin during the fourth quarter valued at about $256,000. Finally, Fisher Asset Management LLC increased its holdings in shares of Lockheed Martin by 11.6% during the fourth quarter. Fisher Asset Management LLC now owns 7,527 shares of the aerospace company's stock valued at $3,658,000 after acquiring an additional 785 shares in the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on LMT shares. Wells Fargo & Company dropped their price objective on shares of 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. Melius Research cut shares of Lockheed Martin from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 24th. Bank of America lowered shares of Lockheed Martin from a "buy" rating to a "neutral" rating and cut their target price for the stock from $685.00 to $485.00 in a research note on Monday, March 24th. UBS Group increased their price target on shares of Lockheed Martin from $481.00 to $499.00 and gave the company a "neutral" rating in a research note on Wednesday, April 23rd. Finally, Baird R W raised Lockheed Martin from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 23rd. Nine analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Lockheed Martin currently has a consensus rating of "Moderate Buy" and a consensus target price of $541.80.

Lockheed Martin Stock Performance

NYSE:LMT traded up $0.76 during mid-day trading on Thursday, hitting $463.31. 707,859 shares of the stock were exchanged, compared to its average volume of 1,354,786. The stock has a market capitalization of $108.55 billion, a price-to-earnings ratio of 20.01, a price-to-earnings-growth ratio of 1.61 and a beta of 0.28. The firm's 50-day simple moving average is $470.96 and its 200 day simple moving average is $466.07. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.91 and a current ratio of 1.08. Lockheed Martin Corporation has a fifty-two week low of $418.88 and a fifty-two week high of $618.95.

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

Lockheed Martin Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 2nd will be paid a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date of this dividend is Tuesday, September 2nd. Lockheed Martin's dividend payout ratio (DPR) is currently 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.