Global Assets Advisory LLC Makes New $2.64 Million Investment in Lockheed Martin Corporation (NYSE:LMT)

Global Assets Advisory LLC acquired a new stake in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,839 shares of the aerospace company's stock, valued at approximately $2,636,000.

A number of other institutional investors have also recently made changes to their positions in LMT. Millstone Evans Group LLC bought a new position in Lockheed Martin during the fourth quarter valued at $32,000. Mizuho Securities Co. Ltd. bought a new position in shares of Lockheed Martin in the 4th quarter valued at about $34,000. Heck Capital Advisors LLC purchased a new position in Lockheed Martin in the fourth quarter worth about $35,000. Redwood Park Advisors LLC bought a new stake in Lockheed Martin during the fourth quarter worth approximately $40,000. Finally, Runnymede Capital Advisors Inc. purchased a new stake in Lockheed Martin during the fourth quarter valued at approximately $42,000. Hedge funds and other institutional investors own 74.19% of the company's stock.

Lockheed Martin Price Performance

LMT opened at $460.63 on Wednesday. The firm has a market capitalization of $107.93 billion, a PE ratio of 19.90, a price-to-earnings-growth ratio of 1.65 and a beta of 0.29. 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 business's 50-day moving average is $471.38 and its two-hundred day moving average is $467.58. Lockheed Martin Corporation has a 1 year low of $418.88 and a 1 year high of $618.95.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share (EPS) 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 firm had revenue of $17.96 billion for the quarter, compared to the consensus estimate of $17.83 billion. Research analysts anticipate that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The firm 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. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $13.20 annualized dividend and a dividend yield of 2.87%. Lockheed Martin's dividend payout ratio is presently 57.02%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on LMT. Melius lowered Lockheed Martin from a "buy" rating to a "hold" rating in a report on Monday, March 24th. Morgan Stanley upgraded shares of Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 price objective on the stock in a research report on Wednesday, April 16th. Wells Fargo & Company dropped their price target on shares of Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Robert W. Baird raised shares of Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 price objective on the stock in a research report on Wednesday, April 23rd. Finally, Wall Street Zen downgraded shares of Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research note on Saturday, May 3rd. Nine research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Lockheed Martin has an average rating of "Moderate Buy" and an average price target of $541.80.

Lockheed Martin Company 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.

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