Lockheed Martin Corporation (NYSE:LMT) Holdings Lifted by Independent Advisor Alliance

Independent Advisor Alliance grew its position in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 7.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 23,656 shares of the aerospace company's stock after purchasing an additional 1,620 shares during the period. Independent Advisor Alliance's holdings in Lockheed Martin were worth $10,567,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. TruNorth Capital Management LLC bought a new position in Lockheed Martin in the 1st quarter worth about $31,000. Heck Capital Advisors LLC bought a new position in Lockheed Martin in the 4th quarter worth about $35,000. Banque Transatlantique SA bought a new position in Lockheed Martin in the 4th quarter worth about $43,000. EQ Wealth Advisors LLC bought a new position in Lockheed Martin in the 1st quarter worth about $43,000. Finally, Ritter Daniher Financial Advisory LLC DE bought a new position in Lockheed Martin in the 1st quarter worth about $45,000. Institutional investors own 74.19% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on LMT. Royal Bank Of Canada reduced their price target on shares of Lockheed Martin from $480.00 to $440.00 and set a "sector perform" rating for the company in a research note on Wednesday, July 23rd. Susquehanna reduced their price target on shares of Lockheed Martin from $550.00 to $490.00 and set a "positive" rating for the company in a research note on Wednesday, July 23rd. Morgan Stanley raised shares of Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 price target for the company in a research note on Wednesday, April 16th. Jefferies Financial Group reduced their price target on shares of Lockheed Martin from $510.00 to $500.00 and set a "hold" rating for the company in a research note on Monday, April 28th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Lockheed Martin from $520.00 to $465.00 and set an "overweight" rating for the company in a research note on Wednesday, July 23rd. Fifteen investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $506.65.

Lockheed Martin Stock Down 1.2%

Shares of NYSE:LMT opened at $425.68 on Monday. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.83 and a current ratio of 0.98. The company has a market cap of $99.38 billion, a PE ratio of 23.97, a price-to-earnings-growth ratio of 1.49 and a beta of 0.27. Lockheed Martin Corporation has a 52 week low of $410.11 and a 52 week high of $618.95. The firm has a 50 day simple moving average of $456.14 and a 200 day simple moving average of $458.12.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 EPS for the quarter, beating the consensus estimate of $6.57 by $0.72. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The business had revenue of $18.16 billion during the quarter, compared to the consensus estimate of $18.59 billion. During the same quarter in the prior year, the firm earned $7.11 EPS. The firm's quarterly revenue was up .2% on a year-over-year basis. As a group, research analysts expect that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 2nd will be given a $3.30 dividend. This represents a $13.20 annualized dividend and a yield of 3.1%. The ex-dividend date is Tuesday, September 2nd. Lockheed Martin's dividend payout ratio (DPR) is currently 74.32%.

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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