Oak Thistle LLC Purchases 11,779 Shares of Lockheed Martin Corporation (NYSE:LMT)

Oak Thistle LLC lifted its position in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 516.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,061 shares of the aerospace company's stock after purchasing an additional 11,779 shares during the period. Lockheed Martin accounts for about 1.3% of Oak Thistle LLC's investment portfolio, making the stock its biggest position. Oak Thistle LLC's holdings in Lockheed Martin were worth $6,281,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. TruNorth Capital Management LLC purchased a new stake in shares of Lockheed Martin in the first quarter valued at approximately $31,000. Millstone Evans Group LLC purchased a new stake in shares of Lockheed Martin in the fourth quarter valued at approximately $32,000. Mizuho Securities Co. Ltd. purchased a new stake in shares of Lockheed Martin in the fourth quarter valued at approximately $34,000. Heck Capital Advisors LLC purchased a new stake in shares of Lockheed Martin in the fourth quarter valued at approximately $35,000. Finally, Redwood Park Advisors LLC bought a new position in Lockheed Martin in the fourth quarter worth approximately $40,000. Hedge funds and other institutional investors own 74.19% of the company's stock.

Lockheed Martin Stock Up 0.2%

Shares of LMT stock traded up $1.05 during trading hours on Friday, reaching $421.60. 2,458,783 shares of the company's stock were exchanged, compared to its average volume of 1,823,272. The company has a current ratio of 0.98, a quick ratio of 0.91 and a debt-to-equity ratio of 3.47. The stock's 50 day moving average is $465.80 and its 200-day moving average is $462.67. Lockheed Martin Corporation has a fifty-two week low of $410.11 and a fifty-two week high of $618.95. The company has a market cap of $98.43 billion, a price-to-earnings ratio of 23.74, a P/E/G ratio of 1.45 and a beta of 0.28.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.57 by $0.72. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%. The firm had revenue of $18.16 billion for the quarter, compared to the consensus estimate of $18.59 billion. During the same period in the prior year, the firm earned $7.11 EPS. The firm's revenue was up .2% on a year-over-year basis. Analysts predict that Lockheed Martin Corporation 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, September 26th. Investors of record on Tuesday, September 2nd will be given a $3.30 dividend. This represents a $13.20 annualized dividend and a dividend yield of 3.13%. The ex-dividend date is Tuesday, September 2nd. Lockheed Martin's payout ratio is 74.32%.

Analysts Set New Price Targets

A number of analysts have weighed in on LMT shares. Sanford C. Bernstein set a $551.00 target price on Lockheed Martin and gave the stock a "market perform" rating in a report on Monday, July 14th. Wells Fargo & Company lowered their target price 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. Jefferies Financial Group cut their target price on Lockheed Martin from $510.00 to $500.00 and set a "hold" rating on the stock in a research note on Monday, April 28th. UBS Group cut their target price on Lockheed Martin from $498.00 to $453.00 and set a "neutral" rating on the stock in a research note on Wednesday. Finally, Robert W. Baird cut their target price on Lockheed Martin from $540.00 to $500.00 and set an "outperform" rating on the stock in a research note on Wednesday. Fifteen analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $506.65.

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.