Lockheed Martin Co. (NYSE:LMT) Shares Purchased by Brown Miller Wealth Management LLC

Brown Miller Wealth Management LLC increased its position in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 172.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,160 shares of the aerospace company's stock after purchasing an additional 2,000 shares during the period. Brown Miller Wealth Management LLC's holdings in Lockheed Martin were worth $1,412,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LMT. Millstone Evans Group LLC acquired a new stake in Lockheed Martin during the fourth quarter worth about $32,000. Mizuho Securities Co. Ltd. acquired a new stake in Lockheed Martin during the fourth quarter worth about $34,000. Heck Capital Advisors LLC acquired a new stake in Lockheed Martin during the fourth quarter worth about $35,000. Redwood Park Advisors LLC acquired a new stake in Lockheed Martin during the fourth quarter worth about $40,000. Finally, Runnymede Capital Advisors Inc. purchased a new position in Lockheed Martin during the fourth quarter worth about $42,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on LMT shares. Royal Bank of Canada lowered shares of Lockheed Martin from an "outperform" rating to a "sector perform" rating and lowered their target price for the stock from $550.00 to $480.00 in a research note on Thursday, March 27th. Wall Street Zen lowered shares of Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research note on Saturday, May 3rd. UBS Group increased their target price on shares of Lockheed Martin from $481.00 to $499.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 23rd. Melius Research lowered shares of Lockheed Martin from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. Finally, Robert W. Baird raised 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 note on Wednesday, April 23rd. Nine research 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. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $541.80.

Lockheed Martin Stock Up 3.5%

Shares of NYSE:LMT opened at $485.75 on Monday. The firm's 50 day moving average price is $470.72 and its 200 day moving average price is $469.65. The stock 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 fifty-two week low of $418.88 and a fifty-two week high of $618.95. 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 issued its earnings results 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. The firm had revenue of $17.96 billion for the quarter, compared to analysts' expectations of $17.83 billion. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. As a group, equities research analysts predict that Lockheed Martin Co. will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

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 issued a $3.30 dividend. The ex-dividend date is Monday, June 2nd. This represents a $13.20 annualized dividend and a yield of 2.72%. Lockheed Martin's dividend payout ratio (DPR) is 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.

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