Lockheed Martin Co. (NYSE:LMT) Shares Acquired by Great Lakes Retirement Inc.

Great Lakes Retirement Inc. increased its position in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 302.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 22,175 shares of the aerospace company's stock after buying an additional 16,669 shares during the period. Lockheed Martin comprises about 1.3% of Great Lakes Retirement Inc.'s portfolio, making the stock its 20th biggest position. Great Lakes Retirement Inc.'s holdings in Lockheed Martin were worth $9,906,000 at the end of the most recent reporting period.

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

Lockheed Martin Trading Up 3.5%

Shares of Lockheed Martin stock opened at $485.75 on Monday. The firm has a market cap of $113.81 billion, a price-to-earnings ratio of 21.82, a price-to-earnings-growth ratio of 2.07 and a beta of 0.29. Lockheed Martin Co. has a 52-week low of $418.88 and a 52-week high of $618.95. The company's 50-day simple moving average is $470.72 and its 200-day simple moving average is $469.65. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.34 by $0.94. The company had revenue of $17.96 billion for the quarter, compared to analysts' expectations of $17.83 billion. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. As a group, equities research analysts anticipate that Lockheed Martin Co. 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, June 27th. Shareholders of record on Monday, June 2nd will be issued a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date is Monday, June 2nd. Lockheed Martin's dividend payout ratio (DPR) is currently 57.02%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Robert W. Baird raised 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. Wells Fargo & Company decreased their price objective on Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Baird R W raised shares of Lockheed Martin from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 23rd. Royal Bank of Canada downgraded shares of Lockheed Martin from an "outperform" rating to a "sector perform" rating and reduced their price target for the company from $550.00 to $480.00 in a research report on Thursday, March 27th. Finally, Morgan Stanley upgraded 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. Nine research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Lockheed Martin currently has an average rating of "Moderate Buy" and a consensus target price of $541.80.

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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