Czech National Bank Buys 2,376 Shares of Lockheed Martin Co. (NYSE:LMT)

Czech National Bank grew its position in Lockheed Martin Co. (NYSE:LMT - Free Report) by 5.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 48,117 shares of the aerospace company's stock after purchasing an additional 2,376 shares during the period. Czech National Bank's holdings in Lockheed Martin were worth $21,494,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in LMT. Charles Schwab Investment Management Inc. raised its holdings in Lockheed Martin by 17.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 7,471,071 shares of the aerospace company's stock worth $3,630,492,000 after purchasing an additional 1,132,461 shares during the last quarter. Geode Capital Management LLC raised its holdings in Lockheed Martin by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 4,887,242 shares of the aerospace company's stock worth $2,374,557,000 after purchasing an additional 59,597 shares during the last quarter. Northern Trust Corp raised its holdings in Lockheed Martin by 6.3% during the 4th quarter. Northern Trust Corp now owns 2,260,910 shares of the aerospace company's stock worth $1,098,667,000 after purchasing an additional 134,662 shares during the last quarter. Invesco Ltd. raised its holdings in Lockheed Martin by 17.5% during the 4th quarter. Invesco Ltd. now owns 2,131,928 shares of the aerospace company's stock worth $1,035,989,000 after purchasing an additional 318,007 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in Lockheed Martin by 41,104.9% during the 1st quarter. GAMMA Investing LLC now owns 1,991,433 shares of the aerospace company's stock worth $889,593,000 after purchasing an additional 1,986,600 shares during the last quarter. Institutional investors and hedge funds own 74.19% of the company's stock.

Lockheed Martin Stock Down 0.8%

Shares of LMT traded down $3.63 on Monday, hitting $478.75. The company's stock had a trading volume of 1,154,195 shares, compared to its average volume of 1,297,209. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10. The firm's fifty day moving average price is $464.02 and its 200-day moving average price is $473.45. Lockheed Martin Co. has a fifty-two week low of $418.88 and a fifty-two week high of $618.95. The firm has a market capitalization of $112.17 billion, a price-to-earnings ratio of 21.51, a P/E/G ratio of 2.07 and a beta of 0.29.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share for the quarter, topping analysts' consensus estimates of $6.34 by $0.94. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. The firm had revenue of $17.96 billion during the quarter, compared to the consensus estimate of $17.83 billion. On average, equities research analysts expect that Lockheed Martin Co. will post 27.15 EPS for the current year.

Lockheed Martin Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, June 2nd will be given a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date is Monday, June 2nd. Lockheed Martin's dividend payout ratio (DPR) is currently 57.02%.

Analyst Upgrades and Downgrades

LMT has been the subject of several recent research reports. Bank of America cut Lockheed Martin from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $685.00 to $485.00 in a report on Monday, March 24th. Wells Fargo & Company dropped 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. Melius Research lowered Lockheed Martin from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 24th. Melius lowered Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Monday, March 24th. Finally, Wall Street Zen lowered Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research report on Saturday, May 3rd. 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 data from MarketBeat, Lockheed Martin currently has an average rating of "Moderate Buy" and an average target price of $541.80.

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.