Liberty Wealth Management LLC Has $5.53 Million Stake in Lockheed Martin Corporation (NYSE:LMT)

Key Points

• Liberty Wealth Management LLC significantly increased its stake in Lockheed Martin Corporation by 709.4% in Q1, owning 12,368 shares valued at approximately $5.53 million.
• Several large investors made substantial changes to their holdings in Lockheed Martin, with GAMMA Investing LLC increasing its shares by over 41,000% during the same quarter.
• Lockheed Martin announced a quarterly dividend of $3.30 per share, resulting in a 3.1% yield, with the payout date set for September 26th.

Liberty Wealth Management LLC grew its holdings in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 709.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,368 shares of the aerospace company's stock after purchasing an additional 10,840 shares during the period. Liberty Wealth Management LLC's holdings in Lockheed Martin were worth $5,525,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in LMT. GAMMA Investing LLC increased its holdings in shares of Lockheed Martin by 41,104.9% in the 1st quarter. GAMMA Investing LLC now owns 1,991,433 shares of the aerospace company's stock valued at $889,593,000 after purchasing an additional 1,986,600 shares during the period. Castlekeep Investment Advisors LLC acquired a new position in shares of Lockheed Martin in the 4th quarter valued at about $526,587,000. Leigh Baldwin & CO. LLC acquired a new position in shares of Lockheed Martin in the 4th quarter valued at about $451,985,000. Capital Research Global Investors acquired a new position in shares of Lockheed Martin in the 4th quarter valued at about $229,987,000. Finally, Demars Financial Group LLC increased its holdings in shares of Lockheed Martin by 47,002.5% in the 4th quarter. Demars Financial Group LLC now owns 433,343 shares of the aerospace company's stock valued at $210,579,000 after purchasing an additional 432,423 shares during the period. Institutional investors and hedge funds own 74.19% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on LMT shares. UBS Group dropped their price objective on Lockheed Martin from $498.00 to $453.00 and set a "neutral" rating on the stock in a report on Wednesday, July 23rd. Baird R W upgraded Lockheed Martin from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 23rd. Wells Fargo & Company dropped their price objective on Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Susquehanna dropped their price objective on Lockheed Martin from $550.00 to $490.00 and set a "positive" rating on the stock in a report on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. dropped their price objective on Lockheed Martin from $520.00 to $465.00 and set an "overweight" rating on the stock in a report on Wednesday, July 23rd. Fifteen research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Lockheed Martin currently has a consensus rating of "Hold" and a consensus target price of $506.65.

Lockheed Martin Stock Down 0.0%

LMT opened at $420.97 on Friday. Lockheed Martin Corporation has a fifty-two week low of $410.11 and a fifty-two week high of $618.95. The company has a debt-to-equity ratio of 3.47, a current ratio of 0.98 and a quick ratio of 0.83. The firm's fifty day moving average price is $460.68 and its two-hundred day moving average price is $460.68. The company has a market capitalization of $98.28 billion, a P/E ratio of 23.70, a P/E/G ratio of 1.48 and a beta of 0.27.

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

Lockheed Martin Announces Dividend

The business also recently disclosed 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 dividend yield of 3.1%. Lockheed Martin's dividend payout ratio (DPR) is presently 74.32%.

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.

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