Liberty One Investment Management LLC Has $27.95 Million Holdings in Lockheed Martin Corporation (NYSE:LMT)

Liberty One Investment Management LLC lifted its stake in shares of 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 & Exchange Commission. The institutional investor owned 62,557 shares of the aerospace company's stock after acquiring an additional 2,699 shares during the period. Lockheed Martin makes up about 2.8% of Liberty One Investment Management LLC's investment portfolio, making the stock its 15th largest holding. Liberty One Investment Management LLC's holdings in Lockheed Martin were worth $27,945,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analyst Ratings Changes

A number of research firms recently weighed in on LMT. Melius downgraded shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Monday, March 24th. Wells Fargo & Company decreased their price objective on shares of Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. UBS Group lifted their price objective on shares of Lockheed Martin from $481.00 to $499.00 and gave the company a "neutral" rating in a research report on Wednesday, April 23rd. Bank of America downgraded shares of Lockheed Martin from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $685.00 to $485.00 in a research report on Monday, March 24th. Finally, Jefferies Financial Group decreased 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 report on Monday, April 28th. Ten investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $533.13.

Lockheed Martin Stock Performance

LMT traded up $1.50 on Thursday, reaching $464.56. The company had a trading volume of 1,222,759 shares, compared to its average volume of 1,361,322. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.91 and a current ratio of 1.08. The stock has a market cap of $108.85 billion, a P/E ratio of 20.07, a P/E/G ratio of 1.61 and a beta of 0.28. Lockheed Martin Corporation has a fifty-two week low of $418.88 and a fifty-two week high of $618.95. The company's fifty day moving average is $469.92 and its 200 day moving average is $465.30.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.34 by $0.94. The business 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, 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. Shareholders of record on Tuesday, September 2nd will be paid a dividend of $3.30 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $13.20 dividend on an annualized basis and a yield of 2.84%. Lockheed Martin's payout ratio is 57.02%.

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.