Donaldson Capital Management LLC Increases Position in Lockheed Martin Co. (NYSE:LMT)

Donaldson Capital Management LLC lifted its holdings in Lockheed Martin Co. (NYSE:LMT - Free Report) by 1.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 128,595 shares of the aerospace company's stock after purchasing an additional 1,463 shares during the quarter. Lockheed Martin accounts for approximately 2.2% of Donaldson Capital Management LLC's investment portfolio, making the stock its 20th largest position. Donaldson Capital Management LLC owned 0.05% of Lockheed Martin worth $57,445,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. GAMMA Investing LLC lifted its stake in shares of Lockheed Martin by 41,104.9% in the 1st quarter. GAMMA Investing LLC now owns 1,991,433 shares of the aerospace company's stock valued at $889,593,000 after purchasing an additional 1,986,600 shares during the last quarter. Proficio Capital Partners LLC lifted its position in shares of Lockheed Martin by 53,784.3% during the fourth quarter. Proficio Capital Partners LLC now owns 1,235,568 shares of the aerospace company's stock worth $600,412,000 after purchasing an additional 1,233,275 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Lockheed Martin by 17.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,471,071 shares of the aerospace company's stock valued at $3,630,492,000 after purchasing an additional 1,132,461 shares during the period. Castlekeep Investment Advisors LLC bought a new position in shares of Lockheed Martin in the fourth quarter worth about $526,587,000. Finally, Leigh Baldwin & CO. LLC purchased a new position in Lockheed Martin in the 4th quarter worth about $451,985,000. Institutional investors own 74.19% of the company's stock.

Wall Street Analysts Forecast Growth

LMT has been the subject of several research reports. Wells Fargo & Company lowered their price objective on shares of Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Melius lowered Lockheed Martin from a "buy" rating to a "hold" rating in a report on Monday, March 24th. Morgan Stanley raised 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. Wall Street Zen lowered Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research report on Saturday, May 3rd. Finally, Bank of America cut Lockheed Martin from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $685.00 to $485.00 in a report on Monday, March 24th. Nine investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently 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 traded up $16.48 during trading on Friday, reaching $485.75. The stock had a trading volume of 2,714,812 shares, compared to its average volume of 1,319,709. The firm's 50-day simple moving average is $469.84 and its 200 day simple moving average is $470.67. 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 Co. has a one year low of $418.88 and a one year high of $618.95. The company has a market capitalization of $113.81 billion, a P/E ratio of 21.82, a PEG ratio of 2.07 and a beta of 0.29.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced 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 company had revenue of $17.96 billion during the quarter, compared to the consensus estimate of $17.83 billion. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. As a group, research analysts expect that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The firm also recently declared 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 annualized dividend and a yield of 2.72%. The ex-dividend date is Monday, June 2nd. Lockheed Martin's dividend 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.