Strategic Planning Group LLC Has $4.19 Million Stake in Lockheed Martin Co. (NYSE:LMT)

Strategic Planning Group LLC boosted its position in Lockheed Martin Co. (NYSE:LMT - Free Report) by 15.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,384 shares of the aerospace company's stock after purchasing an additional 1,231 shares during the period. Strategic Planning Group LLC's holdings in Lockheed Martin were worth $4,192,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Watershed Private Wealth LLC acquired a new position in Lockheed Martin in the first quarter worth approximately $327,000. Peak Financial Advisors LLC lifted its stake in Lockheed Martin by 105.2% in the 1st quarter. Peak Financial Advisors LLC now owns 6,567 shares of the aerospace company's stock worth $2,934,000 after acquiring an additional 3,366 shares in the last quarter. Apella Capital LLC acquired a new stake in shares of Lockheed Martin during the first quarter worth approximately $494,000. Hennion & Walsh Asset Management Inc. grew its holdings in shares of Lockheed Martin by 25.3% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 9,452 shares of the aerospace company's stock valued at $4,222,000 after acquiring an additional 1,906 shares in the last quarter. Finally, Viking Fund Management LLC grew its stake in Lockheed Martin by 25.0% in the first quarter. Viking Fund Management LLC now owns 15,000 shares of the aerospace company's stock valued at $6,701,000 after purchasing an additional 3,000 shares in the last quarter. Institutional investors own 74.19% of the company's stock.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Wells Fargo & Company reduced their target price on shares of Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Wall Street Zen downgraded shares of Lockheed Martin from a "strong-buy" rating to a "buy" rating in a report on Saturday, May 3rd. UBS Group upped their price objective on shares of Lockheed Martin from $481.00 to $499.00 and gave the stock a "neutral" rating in a report on Wednesday, April 23rd. Melius downgraded shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Monday, March 24th. Finally, Morgan Stanley raised Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 price target for the company in a research report on Wednesday, April 16th. Nine investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Lockheed Martin has a consensus rating of "Moderate Buy" and an average price target of $541.80.

Lockheed Martin Stock Performance

LMT traded down $4.64 during midday trading on Thursday, reaching $477.57. The company's stock had a trading volume of 1,062,709 shares, compared to its average volume of 1,298,169. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10. The company has a fifty day simple moving average of $466.28 and a 200 day simple moving average of $473.17. The stock has a market cap of $111.89 billion, a P/E ratio of 21.45, a PEG ratio of 2.07 and a beta of 0.29. Lockheed Martin Co. has a twelve month low of $418.88 and a twelve month high of $618.95.

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

Lockheed Martin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders 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 dividend yield of 2.76%. The ex-dividend date is Monday, June 2nd. Lockheed Martin's dividend payout ratio is currently 57.02%.

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.