Goodman Advisory Group LLC bought a new position in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The fund bought 734 shares of the aerospace company's stock, valued at approximately $328,000.
A number of other large investors have also modified their holdings of LMT. Millstone Evans Group LLC acquired a new position in Lockheed Martin during the fourth quarter worth $32,000. Mizuho Securities Co. Ltd. purchased a new stake in shares of Lockheed Martin during the 4th quarter worth $34,000. Heck Capital Advisors LLC purchased a new stake in shares of Lockheed Martin during the 4th quarter worth $35,000. Redwood Park Advisors LLC acquired a new position in shares of Lockheed Martin during the 4th quarter worth $40,000. Finally, Runnymede Capital Advisors Inc. purchased a new position in shares of Lockheed Martin in the 4th quarter valued at about $42,000. 74.19% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on LMT shares. Baird R W raised shares of Lockheed Martin from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 23rd. Bank of America lowered Lockheed Martin from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $685.00 to $485.00 in a research note on Monday, March 24th. Wells Fargo & Company lowered their price target on Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Robert W. Baird raised Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 price objective for the company in a report on Wednesday, April 23rd. Finally, Jefferies Financial Group lowered their target price on Lockheed Martin from $510.00 to $500.00 and set a "hold" rating on the stock in a report on Monday, April 28th. Nine research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $541.80.
Check Out Our Latest Stock Report on LMT
Lockheed Martin Stock Performance
NYSE LMT opened at $458.59 on Friday. The company has a quick ratio of 0.91, a current ratio of 1.08 and a debt-to-equity ratio of 2.79. Lockheed Martin Corporation has a fifty-two week low of $418.88 and a fifty-two week high of $618.95. The business has a fifty day moving average of $470.80 and a 200-day moving average of $466.52. The stock has a market cap of $107.45 billion, a price-to-earnings ratio of 19.81, a price-to-earnings-growth ratio of 1.60 and a beta of 0.29.
Lockheed Martin (NYSE:LMT - Get Free Report) last announced 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 7.66% and a return on equity of 104.09%. The firm had revenue of $17.96 billion during the quarter, compared to the consensus estimate of $17.83 billion. As a group, analysts predict that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.
Lockheed Martin Announces Dividend
The company also recently disclosed 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 annualized dividend and a dividend yield of 2.88%. The ex-dividend date is Tuesday, September 2nd. Lockheed Martin's payout ratio is 57.02%.
Lockheed Martin Company Profile
(
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Lockheed Martin, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lockheed Martin wasn't on the list.
While Lockheed Martin currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
