Liberty One Investment Management LLC Boosts Stock Holdings in Lockheed Martin Corporation (NYSE:LMT)

Liberty One Investment Management LLC raised its position in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 4.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 62,557 shares of the aerospace company's stock after purchasing an additional 2,699 shares during the quarter. Lockheed Martin accounts for about 2.8% of Liberty One Investment Management LLC's holdings, making the stock its 15th biggest holding. Liberty One Investment Management LLC's holdings in Lockheed Martin were worth $27,945,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in LMT. Eagle Capital Management LLC raised its holdings in Lockheed Martin by 0.3% during the 4th quarter. Eagle Capital Management LLC now owns 10,827 shares of the aerospace company's stock worth $5,261,000 after purchasing an additional 32 shares during the last quarter. Brighton Jones LLC raised its holdings in Lockheed Martin by 5.0% during the 4th quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company's stock worth $1,941,000 after purchasing an additional 191 shares during the last quarter. Hudson Portfolio Management LLC bought a new position in Lockheed Martin during the 4th quarter worth approximately $256,000. Assetmark Inc. raised its holdings in Lockheed Martin by 21.5% during the 4th quarter. Assetmark Inc. now owns 1,786 shares of the aerospace company's stock worth $868,000 after purchasing an additional 316 shares during the last quarter. Finally, Proficio Capital Partners LLC raised its holdings in Lockheed Martin by 10.9% during the 4th quarter. Proficio Capital Partners LLC now owns 2,543 shares of the aerospace company's stock worth $1,236,000 after purchasing an additional 250 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Stock Up 0.7%

NYSE LMT traded up $3.17 during mid-day trading on Friday, hitting $467.48. The company's stock had a trading volume of 1,208,544 shares, compared to its average volume of 1,364,460. The company's 50 day simple moving average is $469.54 and its 200 day simple moving average is $465.01. Lockheed Martin Corporation has a twelve month low of $418.88 and a twelve month high of $618.95. The company has a current ratio of 1.08, a quick ratio of 0.91 and a debt-to-equity ratio of 2.79. The firm has a market capitalization of $109.53 billion, a price-to-earnings ratio of 20.19, a PEG ratio of 1.63 and a beta of 0.28.

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

Lockheed Martin Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 2nd will be given a $3.30 dividend. This represents a $13.20 annualized dividend and a yield of 2.82%. The ex-dividend date is Tuesday, September 2nd. Lockheed Martin's payout ratio is currently 57.02%.

Analyst Ratings Changes

Several research analysts have issued reports on LMT shares. TD Cowen restated a "hold" rating and set a $480.00 price target (down previously from $500.00) on shares of Lockheed Martin in a report on Thursday. Baird R W upgraded shares of Lockheed Martin from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 23rd. Melius Research lowered shares of Lockheed Martin from a "strong-buy" rating to a "hold" rating in a report on Monday, March 24th. Bank of America lowered shares of Lockheed Martin from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $685.00 to $485.00 in a research note on Monday, March 24th. Finally, Jefferies Financial Group lowered their price objective on shares of Lockheed Martin from $510.00 to $500.00 and set a "hold" rating for the company in a research note on Monday, April 28th. Ten investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Lockheed Martin has a consensus rating of "Moderate Buy" and a consensus price target of $531.47.

About Lockheed Martin

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.