IFM Investors Pty Ltd Purchases 899 Shares of Lockheed Martin Corporation (NYSE:LMT)

IFM Investors Pty Ltd grew its holdings in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 12.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,053 shares of the aerospace company's stock after buying an additional 899 shares during the period. IFM Investors Pty Ltd's holdings in Lockheed Martin were worth $3,597,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Millstone Evans Group LLC purchased a new position in Lockheed Martin during the 4th quarter valued at $32,000. Mizuho Securities Co. Ltd. purchased a new position in Lockheed Martin during the 4th quarter valued at $34,000. Heck Capital Advisors LLC purchased a new position in Lockheed Martin during the 4th quarter valued at $35,000. Redwood Park Advisors LLC purchased a new position in Lockheed Martin during the 4th quarter valued at $40,000. Finally, Runnymede Capital Advisors Inc. purchased a new position in Lockheed Martin during the 4th quarter valued at $42,000. Institutional investors own 74.19% of the company's stock.

Lockheed Martin Stock Performance

Shares of NYSE:LMT traded up $6.42 during midday trading on Monday, reaching $468.94. 1,223,396 shares of the company's stock traded hands, compared to its average volume of 1,357,153. The company has a market cap of $109.87 billion, a price-to-earnings ratio of 20.26, a P/E/G ratio of 1.61 and a beta of 0.28. 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 one year low of $418.88 and a one year high of $618.95. The stock has a 50 day moving average of $470.60 and a 200 day moving average of $465.47.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.34 by $0.94. The firm had revenue of $17.96 billion for the quarter, compared to the consensus estimate 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 research analysts anticipate that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date of this dividend is Tuesday, September 2nd. Lockheed Martin's payout ratio is currently 57.02%.

Analyst Ratings Changes

Several brokerages recently weighed in on LMT. UBS Group upped their price target on Lockheed Martin from $481.00 to $499.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 23rd. Jefferies Financial Group reduced their price target on Lockheed Martin from $510.00 to $500.00 and set a "hold" rating on the stock in a research note on Monday, April 28th. Royal Bank Of Canada cut Lockheed Martin from an "outperform" rating to a "sector perform" rating and reduced their price target for the stock from $550.00 to $480.00 in a research note on Thursday, March 27th. Baird R W raised Lockheed Martin from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 23rd. Finally, Bank of America cut Lockheed Martin from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $685.00 to $485.00 in a research note on Monday, March 24th. Nine analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus 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.