549 Shares in Lockheed Martin Corporation (NYSE:LMT) Bought by Kingsman Wealth Management Inc.

Kingsman Wealth Management Inc. purchased a new position in Lockheed Martin Corporation (NYSE:LMT - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 549 shares of the aerospace company's stock, valued at approximately $245,000.

A number of other large investors have also added to or reduced their stakes in the company. TruNorth Capital Management LLC bought a new stake in shares of Lockheed Martin during the 1st quarter valued at about $31,000. Millstone Evans Group LLC bought a new stake in shares of Lockheed Martin during the 4th quarter valued at about $32,000. Mizuho Securities Co. Ltd. bought a new stake in shares of Lockheed Martin during the 4th quarter valued at about $34,000. Heck Capital Advisors LLC bought a new stake in shares of Lockheed Martin during the 4th quarter valued at about $35,000. Finally, Redwood Park Advisors LLC bought a new stake in shares of Lockheed Martin during the 4th quarter valued at about $40,000. Institutional investors own 74.19% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on LMT shares. Susquehanna cut their target price on shares of Lockheed Martin from $550.00 to $490.00 and set a "positive" rating on the stock in a research note on Wednesday. Morgan Stanley raised 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 note on Wednesday, April 16th. TD Cowen reissued a "hold" rating and set a $480.00 price objective (down previously from $500.00) on shares of Lockheed Martin in a research note on Thursday, July 10th. 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. Finally, Robert W. Baird dropped their price objective on shares of Lockheed Martin from $540.00 to $500.00 and set an "outperform" rating on the stock in a research note on Wednesday. Fourteen research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $506.65.

Lockheed Martin Stock Performance

Shares of LMT traded up $5.18 during mid-day trading on Thursday, hitting $424.57. 1,590,967 shares of the company traded hands, compared to its average volume of 1,653,301. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.91 and a current ratio of 0.98. The stock has a 50-day moving average price of $467.58 and a two-hundred day moving average price of $463.32. Lockheed Martin Corporation has a 1 year low of $410.11 and a 1 year high of $618.95. The stock has a market cap of $99.48 billion, a price-to-earnings ratio of 23.91, a P/E/G ratio of 1.79 and a beta of 0.28.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share for the quarter, beating the consensus estimate of $6.57 by $0.72. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The firm had revenue of $18.16 billion during the quarter, compared to analysts' expectations of $18.59 billion. During the same period in the previous year, the company earned $7.11 earnings per share. The firm's quarterly revenue was up .2% on a year-over-year basis. Equities analysts anticipate that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 2nd will be issued a dividend of $3.30 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $13.20 dividend on an annualized basis and a yield of 3.11%. Lockheed Martin's dividend payout ratio is currently 57.02%.

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.