874 Shares in Lockheed Martin Corporation (NYSE:LMT) Acquired by Invesco LLC

Invesco LLC bought a new position in Lockheed Martin Corporation (NYSE:LMT - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The firm bought 874 shares of the aerospace company's stock, valued at approximately $390,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. increased its stake in shares of Lockheed Martin by 17.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,471,071 shares of the aerospace company's stock worth $3,630,492,000 after buying an additional 1,132,461 shares during the period. Geode Capital Management LLC grew its holdings in Lockheed Martin by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 4,887,242 shares of the aerospace company's stock worth $2,374,557,000 after acquiring an additional 59,597 shares during the last quarter. Northern Trust Corp increased its position in shares of Lockheed Martin by 6.3% in the fourth quarter. Northern Trust Corp now owns 2,260,910 shares of the aerospace company's stock valued at $1,098,667,000 after acquiring an additional 134,662 shares during the period. Invesco Ltd. increased its position in shares of Lockheed Martin by 17.5% in the fourth quarter. Invesco Ltd. now owns 2,131,928 shares of the aerospace company's stock valued at $1,035,989,000 after acquiring an additional 318,007 shares during the period. Finally, GAMMA Investing LLC raised its stake in shares of Lockheed Martin by 41,104.9% during the first quarter. GAMMA Investing LLC now owns 1,991,433 shares of the aerospace company's stock valued at $889,593,000 after acquiring an additional 1,986,600 shares during the last quarter. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Stock Down 2.5%

Shares of Lockheed Martin stock traded down $11.83 on Tuesday, reaching $460.63. The company's stock had a trading volume of 1,967,244 shares, compared to its average volume of 1,346,453. Lockheed Martin Corporation has a 52 week low of $418.88 and a 52 week high of $618.95. The firm's fifty day simple moving average is $471.56 and its two-hundred day simple moving average is $467.62. The company has a quick ratio of 0.91, a current ratio of 1.08 and a debt-to-equity ratio of 2.79. The company has a market capitalization of $107.93 billion, a price-to-earnings ratio of 19.90, a P/E/G ratio of 1.64 and a beta of 0.29.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share for the quarter, topping analysts' consensus estimates of $6.34 by $0.94. The business had revenue of $17.96 billion during 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%. Equities analysts anticipate that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Monday, June 2nd will be issued a $3.30 dividend. This represents a $13.20 annualized dividend and a dividend yield of 2.87%. The ex-dividend date is Monday, June 2nd. Lockheed Martin's payout ratio is currently 57.02%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Jefferies Financial Group cut their target price 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. Bank of America lowered Lockheed Martin from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $685.00 to $485.00 in a research report on Monday, March 24th. Robert W. Baird raised Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 target price on the stock in a research note on Wednesday, April 23rd. Royal Bank Of Canada cut shares of Lockheed Martin from an "outperform" rating to a "sector perform" rating and cut their price target for the company from $550.00 to $480.00 in a report on Thursday, March 27th. Finally, UBS Group upped their price objective on shares of Lockheed Martin from $481.00 to $499.00 and gave the stock a "neutral" rating in a report on Wednesday, April 23rd. Nine analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $541.80.

Lockheed Martin 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.