Littlejohn Financial Services Inc. Buys New Position in Lockheed Martin Co. (NYSE:LMT)

Littlejohn Financial Services Inc. purchased a new position in Lockheed Martin Co. (NYSE:LMT - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 4,460 shares of the aerospace company's stock, valued at approximately $1,992,000. Lockheed Martin comprises 1.6% of Littlejohn Financial Services Inc.'s holdings, making the stock its 24th biggest holding.

Several other institutional investors also recently modified their holdings of LMT. Millstone Evans Group LLC purchased a new position in shares of Lockheed Martin in the fourth quarter worth approximately $32,000. Mizuho Securities Co. Ltd. purchased a new position in Lockheed Martin during the 4th quarter worth approximately $34,000. Heck Capital Advisors LLC acquired a new stake in Lockheed Martin during the 4th quarter valued at $35,000. Redwood Park Advisors LLC purchased a new stake in shares of Lockheed Martin in the fourth quarter valued at $40,000. Finally, Runnymede Capital Advisors Inc. acquired a new stake in shares of Lockheed Martin in the fourth quarter worth $42,000. Institutional investors own 74.19% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on LMT. Melius lowered Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Monday, March 24th. UBS Group increased their price target on shares of Lockheed Martin from $481.00 to $499.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 23rd. 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 report on Wednesday, April 16th. Robert W. Baird upgraded shares of Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 target price for the company in a research report on Wednesday, April 23rd. Finally, Royal Bank of Canada cut shares of Lockheed Martin from an "outperform" rating to a "sector perform" rating and lowered their price target for the company from $550.00 to $480.00 in a report on Thursday, March 27th. Nine analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $541.80.

Lockheed Martin Stock Up 0.7%

NYSE LMT traded up $3.46 during trading on Friday, hitting $481.49. 714,253 shares of the company traded hands, compared to its average volume of 1,299,484. The company has a market capitalization of $112.81 billion, a P/E ratio of 21.63, a PEG ratio of 2.07 and a beta of 0.29. The business has a fifty day simple moving average of $466.90 and a 200 day simple moving average of $472.81. Lockheed Martin Co. has a 12 month low of $418.88 and a 12 month high of $618.95. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share for the quarter, beating 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 101.47% and a net margin of 7.51%. As a group, sell-side analysts predict that Lockheed Martin Co. will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Monday, June 2nd will be paid a $3.30 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $13.20 dividend on an annualized basis and a yield of 2.74%. Lockheed Martin's payout ratio is presently 57.02%.

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.